IRS Reduces Built-in Gains Tax Period For REITs

By:  Amanda Wilson Ownership structures using real estate investment trusts (“REITs”) are common in the Senior Housing industry.  One of the key benefits of a REIT is that it is effectively a pass through entity …

What Will Interest Rates Do in 2017?

Our good friends at HJ Sims Investments recently published their “Market Outlook” for 2017, which features some interesting speculation on where interest rates will go under a Trump Administration. A key excerpt: It usually takes …

What Is Carried Interest?

By: Amanda Wilson During the second presidential debate, one of the few things that both candidates agreed on was doing away with carried interest as part of their proposed tax changes. This could have significant …

Overheard at NIC . . .

While the entire National Investors’ Conference is always full of interesting and enlightening speakers, sometimes the most interesting things you hear come out over dinner with your clients and their associates.  We had two very …

Withholding Tax Set to Increase

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 …

Important Tax Changes for REITs

BY: Amanda Wilson Last Friday, Congress passed and the President signed into law the Protecting Americans from Tax Hikes Act of 2015 (“PATH Act”). The PATH Act has gotten a lot of publicity as it …

New Audit Rules for Partnerships

By:  Amanda Wilson Last week, President Obama signed into law the Bipartisan Budget Act of 2015.  Buried in this budget bill is an entirely new procedure for how partnerships are audited.  Specifically, it would repeal …

Beware Transferee Liability

By:  Amanda Wilson One of the great features of corporations is that liability in the corporation generally does not extend to its shareholders, including tax liability.  Like any rule, though, there is almost always an …