Real Estate Advisor
Showing 17–32 of 303 results
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Property valuations in uncertain times
September / October 2020
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 442
Abstract: Valuation plays a critical role in real estate, from appraisals for residential mortgages to the sales of commercial real estate. But the COVID-19 crisis and resulting economic uncertainty pose challenges for valuation experts across the country. This short article covers how limited physical access, the lack of comparable sales, and economic uncertainty have made valuations tough.
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Is your pandemic or civil unrest business interruption covered by insurance?
September / October 2020
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 586
Abstract: Like almost every other industry, real estate has suffered some losses due to COVID-19 and social-unrest-related closures. The good news is that businesses may have coverage under the business interruption (BI) provision in their property insurance policy. The bad news is that insurers are likely to put up a fight. This article examines coverage basics, how state legislatures have responded and how a CPA can help gather information needed to make a claim.
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Leasing basics – Tips to help landlords maximize lease revenue
September / October 2020
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 681
Abstract: With the COVID-19 pandemic throwing a wrench into both the commercial and residential real estate markets, many real estate investors feel out of control. Many states and municipalities have enacted lease-eviction moratoriums, some lasting through the summer. As the real estate market reaches a new equilibrium, this article covers why now is the time to review outstanding leases.
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4 ways the coronavirus is changing commercial real estate
September / October 2020
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 808
Abstract: COVID-19 has upended the world, and commercial real estate hasn’t been immune from the effects. As offices, hotels, restaurants and many retail stores and malls sat empty — and activity in warehouses escalated in response to the surge in e-commerce — COVID-19 has radically altered the industry’s long-term expectations. This article highlights some significant effects that are likely to linger and how they could transform commercial real estate. A short sidebar discusses whether force majeure clauses provide protection from costly breach of contract claims.
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The lowdown on the low-income housing credit
July / August 2020
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 363
Abstract: While investments in Qualified Opportunity Zones (QOZs) are all the rage, the value of such investments can be further enhanced when combined with the low-income housing tax credit (LIHTC). And, with the economy suffering due to the novel coronavirus (COVID-19) pandemic, it’s possible the demand for affordable housing may soon be on the upswing. This short article highlights the benefits of the LIHTC and what real estate investors need to know.
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IRS finalizes QOZ regulations
July / August 2020
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 770
Abstract: After issuing two earlier sets of proposed regulations for qualified opportunity zones (QOZs), the IRS has released final regulations. Taxpayers interested in deferring, reducing and even permanently excluding capital gains on their investments in QOZs will be particularly interested in certain changes the final regs make to the proposed regs. This article discusses the connection between QOZs and qualified opportunity funds (QOFs), and why understanding the final regulations is especially important for taxpayers who have already invested in QOFs.
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Ashkouri v. Commissioner – Developer’s marketing materials aren’t immediately deductible
July / August 2020
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 795
Abstract: The proper timing of income tax deductions for expenses incurred by developers while researching projects can prove tricky. One developer recently learned the hard way that the costs of marketing materials aren’t necessarily immediately deductible — and may not be deductible at all if the outcome of the bidding process for a project isn’t sufficiently documented. This article reviews the case about what not to do when claiming tax deductions for researching projects. A short sidebar covers that taxpayer’s failure to adequately substantiate the related expenses. Ashkouri v. Comm’r, T.C. Memo. 2019-95 (Tax Ct. July 30, 2019)
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What you need to know about the CARES Act and QIPs
July / August 2020
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 656
Abstract: Earlier this year, the Coronavirus Aid, Relief, and Economic Security (CARES) Act corrected a drafting error related to real estate qualified improvement property (QIP). The retroactive correction allows real property owners to depreciate QIP faster. This tax benefit may be especially welcome in light of the economic impact of the novel coronavirus (COVID-19) pandemic. This article covers what real estate professionals need to know.
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Congress resurrects energy-efficient tax breaks
May / June 2020
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 428
Abstract: The massive federal spending bill enacted in late 2019 renews a potentially valuable energy-efficiency tax credit and a deduction that had expired at the end of 2017. The renewal is retroactive to 2018, so, for real estate professionals who qualified for the credit or deduction for that year, this article looks at whether it’s worthwhile to file an amended tax return.
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Is adaptive reuse right for you?
May / June 2020
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 612
Abstract: Mark Twain once advised, “Buy land — they’re not making it anymore.” That’s not true about buildings, but owners, developers and investors nonetheless can see impressive profits by buying existing buildings for repurposing instead of starting from scratch. Such “adaptive reuse” is rapidly gaining ground, and this article examines what factors real estate professionals should consider before taking the leap.
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Staying on top of preventive maintenance
May / June 2020
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 625
Abstract: Performing routine building inspections and maintenance on a regular basis can help avoid unnecessary headaches. Setting a consistent, ongoing schedule is the first step. This article covers the importance of tracking inventory, scheduling inspections and repairs, and estimating costs of maintenance.
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Cost segregation studies post-TCJA – Make the most of bonus depreciation
May / June 2020
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 858
Abstract: For years, larger businesses have relied on cost segregation studies to accelerate their depreciation deductions and, as a result, reduce taxes and boost cash flows. Others may have thought the studies not worth the expense, especially for properties with a smaller tax basis. The Tax Cuts and Jobs Act (TCJA) changed the landscape dramatically when it comes to the cost-benefit analysis. This article discusses why all owners, developers and investors building or acquiring new or used commercial or residential real estate should consider cost segregation studies. But a sidebar discusses the “retail glitch.”
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Are you ready for the workplace of the future?
March / April 2020
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 435
Abstract: The way people work has evolved in dramatic ways over the past decade, and Millennials — who now represent the largest segment of the workforce — are driving even more change. Savvy investors, developers and owners are taking these shifts into account when conceiving, designing and developing projects. This article looks at why sticking with the old way of doing things comes with a significant risk of ending up with unmarketable properties that don’t appeal to employers.
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Why gross-up provisions are a smart bet
March / April 2020
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 669
Abstract: Both commercial landlords and their tenants are always on the lookout for ways to save money and limit their financial exposure. Gross-up provisions ensure that tenants pay their share of operating expenses regardless of the property’s occupancy rate. Plus, they also protect tenants from unexpected cost increases, and provide landlords with an increased income to cover expenses when occupancy is low. This article discusses how both landlords and tenants benefit from these provisions.
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The importance of profit motive – U.S. Tax Court rules renovation activities weren’t a business
March / April 2020
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 640
Abstract: Individuals with real estate businesses understandably expect to deduct their business-related expenses. But those deductions might not be a slam dunk. Some married taxpayers recently learned that the hard way when their business deductions landed in the U.S. Tax Court. This article reviews the court’s valuable overview of how they and the IRS determine if expenses qualify as deductible business-related expenses — specifically, the factors they consider when assessing whether an activity was engaged in for profit. Sarkin v. Comm’r, T.C. Memo. 2019-131
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Pine Mountain Preserve v. Commissioner – Charitable deductions for easements don’t pass muster
March / April 2020
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 765
Abstract: The donation of a conservation easement is a long-standing way for property owners to help satisfy their philanthropic urges while securing a valuable tax deduction. Those deductions, though, may be under threat after a recent ruling from the U.S. Tax Court. Conservation easements often reserve to the property donors future rights to construct structures and additions to those structures, such as single-family homes with sheds, garages or pools. Such easements usually don’t specify the precise location of that construction. This article reviews the new ruling, under which this common practice disqualified the donor from claiming a charitable contribution deduction for the easement. A short sidebar covers how the court valued the easement. Pine Mountain Preserve v. Comm’r, 151 T.C. No. 14 (2018); Pine Mountain Preserve v. Comm’r, T.C. Memo. 2018-214 (2018)