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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...

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.

REITs Targeted In Extenders Bill

By Amanda Wilson on Dec 9, 2015 in IRS, REIT, tax free, Real estate, International

By:   Amanda Wilson Earlier this year, I discussed the IRS's recent no rule policy on spin-offs, and how that would likely have a chilling impact on spin-offs, particularly the common practice of businesses spinning off their real estate in a REIT...

IRS No Rule Policy Expected to Cool Down Spin-offs

By Amanda Wilson on Sep 16, 2015 in IRS, REIT, treasury, Other, Real estate, International

By:  Amanda Wilson On Monday, the IRS released Notice 2015-59.  In it, the IRS announced that the IRS will no longer issue private letter rulings on whether a distribution satisfies the requirements of Section 355 for a tax-free spin-off where (i)...