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

The United States Department of the Treasury’s Community Development Financial Institutions Fund (CDFI) on Sept. 1 announced $5 billion in New Markets Tax Credit (NMTC) awards with the goal of
Continue Reading U.S. Treasury Announces $5 Billion Allocation of New Markets Tax Credit Awards

Retail real estate has been one of the hardest hit markets by the COVID-19 pandemic. State shutdown orders and health guidelines, a shift in retailers’ needs, and tenant bankruptcies have
Continue Reading Pandemic-Driven Devalued Retail Real Estate Owners Should Seek Property Tax Reductions

On Jan. 7, 2021, the Department of Treasury and IRS issued final regulations (the Regulations) that provide guidance to the “carried interest” rules under Section 1061 of the Internal Revenue
Continue Reading 3-Year Holding Period Rule for ‘Carried Interests’ Addressed in IRS Final Regulations