Tax

Opportunity Zones: Tax Deferral and Exclusion Beyond Like-Kind Exchanges

Posted on by Kurt Magette in Tax

In December 2017, the federal government enacted new legislation regarding investments in opportunity zones.
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Understanding and Maximizing the “Pass-Thru” Deduction

Posted on by Kurt Magette in Tax

The 2017 Tax Act introduced the “pass-thru” deduction, which has been understandably misinterpreted.
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Using Virginia Historic Tax Credits to Offset the Virginia Bank Franchise Tax

Posted on by Kurt Magette in Tax

The Federal and Virginia governments subsidize rehabilitations of historically significant buildings.
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Resisting the Lure of S Corporations

Posted on by Kurt Magette in Tax

An LLC taxable as a partnership is the superior choice of entity when the entity will own Appreciating Assets.
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Avoiding Dealer Taint for Real Estate

Posted on by Kurt Magette in Commercial Real Estate, Tax

Legitimate reasons compel a real estate holder to isolate his properties in separate LLCs.
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Historic Rehabilitation Tax Credit Transactions After The Safe Harbor

Posted on by Kurt Magette in Tax

Lenders, Developers and Borrowers were all frustrated by the effect that revenue rulings and court cases had on Historic Rehabilitation loans in 2013.
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Basics of a Section 1031 Tax-Deferred Exchange Transaction

Posted on by John W. Anderson in Commercial Real Estate, Tax

The ultimate goal of any Section 1031 Tax-Deferred Exchange Transaction is to avoid capital gains taxes on the sale of the taxpayer's real property.
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