real estate

Why Gross-Up Provisions are a Smart Bet

February 13, 2020

Both commercial landlords and their tenants are always on the lookout for ways to save money and limit their financial exposure. If you haven’t done so yet, it may be time to consider using gross-u..

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The Importance of Profit Motive: U.S. Tax Court Rules Renovation Activities Weren’t a Business

February 13, 2020

Individuals with real estate businesses understandably expect to deduct their business-related expenses. But those deductions might not be a slam dunk. Some married taxpayers recently learned that th..

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Are You Ready for the Workplace of the Future?

February 13, 2020

The way people work has evolved in dramatic ways over the past decade, and Millennials — who now represent the largest segment of the workforce — are driving even more change. Savvy investors, de..

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Pine Mountain Preserve v. Commissioner: Charitable Deductions for Easements Don’t Pass Muster

February 13, 2020

Are you ready for the workplace of the future? The way people work has evolved in dramatic ways over the past decade, and Millennials — who now represent the largest segment of the workforce — ar..

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Valuation Matters: Appraisers Apply 4 Tests to Determine Highest and Best Use

December 17, 2019

An important factor for an appraiser to consider when valuing real property is its “highest and best use.” This may not necessarily be its current use, though. The Appraisal Institute defines hig..

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Related Parties’ Property Exchange Doesn’t Qualify as Like-Kind

December 17, 2019

Like-kind exchanges under Internal Revenue Code Section 1031 provide a valuable tool for taxpayers to defer taxes on capital gains. The exchanges are subject to some strict rules that are intended to..

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