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IRS Reduces Built-in Gains Tax Period for REITs to Five Years

By Amanda Wilson on Jan 18, 2017 in Congress, IRS, path act, REIT, Tax, Real estate, S Corporation, International

By:  Amanda Wilson One of the key benefits of a real estate investment trust ("REIT") is that it is effectively a pass through entity for income tax purposes.  While a REIT pays tax on its taxable income, it also receives a dividends paid deduction...

FIRPTA Withholding Tax Set to Increase

By Amanda Wilson on Feb 8, 2016 in path act, Real estate, Tax, Other

By:  Amanda Wilson The Foreign Investment in Real Property Tax Act (FIRPTA) subjects foreign sellers to U.S. tax when they sell their interest in real property located in the U.S., including interests in companies that predominately hold real...

Treasury Cracking Down on Secret Real Estate Sales

By Amanda Wilson on Jan 14, 2016 in irc, IRS, Real estate, Tax, treasury, International, LLC

By:  Amanda Wilson There was an interesting story this morning on CBS about the Treasury Department cracking down on secret real estate sales.  Going forward, buyers and sellers may be limited in their ability to hide behind limited liability...

The PATH Act Brings Important REIT Changes

By Amanda Wilson on Dec 21, 2015 in Congress, IRS, path act, REIT, Obama care, medical marijuana, Real estate, International

BY:  Amanda Wilson The recently enacted PATH Act included several important changes to the REIT tax rules.  A full discussion of these changes can be found here.