By: Amanda Wilson In order to qualify for the tax advantages available for real estate investment trusts ("REITs"), the majority of a REIT's assets must qualify as "real property". As the areas that REITs are investing in continue to grow, we are...

By: Amanda Wilson The IRS announced yesterday that criminals had used the "get transcript" application on its website to gain access to the tax information of approximately 100,000 taxpayers. The IRS has temporarily shutdown this application as it...

By: Amanda Wilson The IRS announced earlier this week that it may temporarily stop reviewing private letter ruling requests on the issue of whether a spin-off qualifies as tax-free under Section 355. More specifically, the IRS may hit pause on these...

By: Amanda Wilson Earlier this year, I posted about the possibility that the NFL may lose its tax exempt status. The NFL has decided instead to give up its tax-exempt status. It has been estimated that the tax-exempt status only saved the NFL about...