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Shivani Rumalla focuses her practice on federal, international, multistate, and local tax planning and implementation for both U.S. and foreign companies. She regularly structures, drafts, and negotiates complex joint ventures throughout the United States and has experience advising clients on tax efficient structuring of real estate transactions, REIT formations, and corporate mergers and acquisitions. Shivani’s tax experience also includes advising a variety of businesses on the tax implications of inbound and outbound transactions, advising clients on the tax implications of a bankruptcy filing, and representing clients in federal tax controversy matters.

A new Internal Revenue Service (IRS) Private Letter Ruling says that transferable development rights (TDRs) are of “like kind” with tangible real property and eligible for 1031 tax deferred treatment

Continue Reading IRS Rules Transferable Development Rights Are Real Property for Section 1031 Purposes