The Return of Section 467 Rental Agreements
Section 467 has re-emerged as a hot topic due to the economic impact of COVID-19 on real estate. With leases being modified everywhere due to financial hardship, now is the [...]
Reduction in Commercial Rent Tax and Other Benefits of Florida’s New Sales Tax Law
A new Florida law requiring out-of-state retailers to collect sales tax will also bring a reduction in commercial rent tax. Under the legislation signed on April 19 by Gov. Ron [...]
New Realtor FAQs – Entity Structure Choice and Tax Deductions
Real estate agents and brokers face a significant financial planning challenge before the sale of their first real estate parcel. Realtors often work with agencies or brokerage firms, and as [...]
3 Things to Know About Delaware Statutory Trusts (DSTs)
Real estate investing can be quite lucrative. But it also comes with inherent risks like vacancies, lack of liquidity and hidden structural issues that can impact your return on your [...]
FBAR – When Ignorance is not Bliss
If you have a bank account outside of the U.S., be aware of the requirement to file a Foreign Bank Account Report (FBAR). Ignoring this report could result in steep [...]
New Guidance for Claiming the Employee Retention Credit (ERC)
Employers, take note! New information has been released by the Internal Revenue Service (IRS) regarding eligibility for the employee retention tax credit (ERC). Originally part of the CARES Act in [...]