Infrastructure and Housing Lead 2019-2020 List Jenkintown, Pennsylvania —Terri S. Johnson, CRE, Managing Partner, Capstan Tax Strategies, shared the current and emerging issues expected to have the most significant impact on real estate in 2019 and 2020, as identified by The Counselors of Real Estate. U.S. infrastructure and housing ranked as the leading concerns of […]
Article — A Perfect Match: Choosing Referral Partners that Add Value
As the tax code becomes increasingly complex more and more CPAs find themselves working with specialists. Picking the right referral partner is crucial, and our own Terri Johnson took to the pages of this month’s New Jersey CPA Magazine to share some tips on selecting your firm’s ideal partner. Today’s CPAs serve as true partners […]
IRS Proposed Regulations Offer Guidance Concerning the Deferral of Gains on Investments in a Qualified Opportunity Fund
On April 17, the IRS issued guidance that offered additional information on investments in qualified opportunity zones. The proposed regulations are meant to provide guidance under section 1400Z-2 of the Internal Revenue Code and relate to gains that taxpayers can defer as a result of investing in a qualified opportunity fund (QOF). The proposed regulations […]
Restoring Investment in Improvements Act (H.R. 1869)
Momentum continues to build towards a technical correction of the recovery period for Qualified Improvement Property (QIP). Two weeks ago, U.S. Senators Pat Toomey (R-Pa.) and Doug Jones (D-Ala.) introduced the Restoring Investments in Improvements Act (RIIA), which would firmly establish the recovery period of QIP as 15-year MACRS class life. Yesterday, Congressman Jimmy Panetta […]
Restoring Investments in Improvements Act (RIIA)
The status of Qualified Improvement Property (QIP) under the Tax Cuts and Jobs Act (TCJA) has been a topic of contention for some time, and taxpayers have long been hoping for an update. Last Thursday we saw the first step in a journey towards the long-awaited Congressional technical correction. On 3/14/19, U.S. Senators Pat Toomey […]
The Big Questions: Maximizing Tax Savings in 2018
The Tax Cuts and Jobs Act has generated a great deal of opportunity for commercial real estate owners, but the TCJA isn’t the only game in town. There are tax savings strategies old and new in play for 2018; thoughtful and comprehensive tax planning is more important than ever. To ensure that no opportunity is […]