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IRS Holding Off on Issuing Guidance

By Amanda Wilson on Feb 17, 2017 in IRS, regulations, treasury, Other, International

By: Amanda Wilson In response to President Trump's executive order requiring two regulations to be repealed for every new regulation issued and the regulatory freeze memorandum issued on Inauguration Day, an IRS official has stated that the IRS is...

Recent Developments in Partnership and Real Estate

By Amanda Wilson on Jan 23, 2017 in Other

By: Amanda Wilson Last Friday, I had the pleasure of moderating a panel at the IRS ABA tax section meeting on hot topics in real estate and partnership.  We discussed the newly released proposed regulations implementing the new centralized...

Regulations Finalized on REIT Real Property Rules

By Amanda Wilson on Sep 16, 2016 in Other

By: Amanda Wilson The Department of Treasury and IRS have finalized the regulations defining "real property" for purposes of the REIT rules. The regulations essentially adopt the proposed regulations, which I previously discussed here. It is nice to...

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...