On June 26, 2020, an administrative law judge in the New York City Tax Appeals Tribunal In the Matter of Mars Holdings, Inc. [TAT(H) 16-14 (GC)] held that the city
Continue Reading NYC Imposes Tax on Gain from Sale of an Intangible
IRS Provides COVID-19 Relief for Qualified Opportunity Funds and Their Investors
On June 5, 2020, the Internal Revenue Service (IRS) issued Notice 2020-39 providing relief for Qualified Opportunity Funds (QOFs) and their investors (QOF investors), and clarified previously issued relief to
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Greenberg Traurig’s Glenn Newman to Speak on Community Housing Improvement Program’s Webinar
NEW YORK – June 9, 2020 – Glenn Newman, global law firm Greenberg Traurig, LLP Tax shareholder and former president of the New York City Tax Commission, will speak
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Final IRS Guidance for Rental Deduction Still Leaves Triple Net Leases Out in the Cold
Many real estate investors hoping for clarity on whether they will be eligible for the tax break for pass-through entities under the Tax Cuts and Jobs Act (TCJA) will be
Greenberg Traurig’s Barbara Kaplan, Michelle Ferreira, and Jennifer Vincent Featured in Law360
Law360 recently published an article by Greenberg Traurig’s Barbara T. Kaplan, Michelle Ferreira, and Jennifer Vincent, titled “Prepare For Greater IRS Scrutiny On Conservation Easements.” While the Internal Revenue Service
Continue Reading Greenberg Traurig’s Barbara Kaplan, Michelle Ferreira, and Jennifer Vincent Featured in Law360
Syndicated Conservation Easements: Under New Fire as IRS Enforcement Action Increases
While the IRS has been cracking down on syndicated conservation easements for over ten years, earlier this year Chuck Rettig, the Commissioner of the IRS, announced several campaign areas upon
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Retailers Not Eligible for 100% Leasehold Improvement Write-Off Due to Legislative Glitch
The 2017 Tax Cuts and Jobs Act provided a 100% first year write-off for many types of capital expenditures. Congressional tax writers intended this benefit to be available for leasehold
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In the Zone: GT Qualified Opportunity Zone News – July and August 2019
Welcome to In the Zone: GT Qualified Opportunity Zone News. Our monthly digest of the latest federal and state developments in Qualified Opportunity Zones and Qualified Opportunity Funds and
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Is the 2017 Tax Law the Reason Home Sales Are Not Booming?
Many blame rising home prices, construction and land costs, and a lack of inventory, but a large part of the reason for this disconnect between home sales and the economy
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In the Zone: GT Qualified Opportunity Zone News – June 2019
Welcome to In the Zone: GT Qualified Opportunity Zone News. Our monthly digest of the latest federal and state developments in Qualified Opportunity Zones and Qualified Opportunity Funds and
Continue Reading In the Zone: GT Qualified Opportunity Zone News – June 2019