Should Assisted Living Facilities Venture into In-Home Care?

By: Shawn Rader Recently in the Kiplinger’s Personal Finance, Alina Tugend published an article pointing out that while early long-term care policies did not cover in-home care, more recent ones permit coverage for caretakers from …

Florida Issues Rules Permitting Senior Living Visitation

By: John Ruffier and James Walson Since March, the Division of Emergency Management for the State of Florida has suspended visiting rights at senior living facilities due to the COVID-19 pandemic to all but “compassionate …

IRS Finalizes Real Estate Safe Harbor for 20% QBI Deduction

  By: Amanda Wilson Section 199A introduced a 20% deduction for qualified business income (previously discussed here). To qualify for the deduction, income must be from a trade or business. Whether rental activity rises to …

NIC Notes

By John Ruffier, Chair of the Lowndes Senior Housing Practice Group In case you are not one of the over 3,000 people attending the 2019 NIC Fall Conference in Chicago, we thought we’d share a …

Real Estate Safe Harbor for 20% QBI Deduction

By:  Amanda Wilson Section 199A introduced a new 20% deduction for qualified business income (previously discussed here).  To qualify for the deduction, income must be from a trade or business.  Many senior living communities hold …

Now Is The Time To Review Your Tax Provisions

By:  Amanda Wilson As tax season is underway, one important deadline is coming that should not be overlooked. Tax law allows for partnership and LLC agreements to be amended retroactively to the first day of the …

Tax Reform Improves Expensing and Depreciation Rules

By: Amanda Wilson The Tax Cut and Jobs Act made several key changes to the expensing and depreciation rules, which will be a boon for Senior Living businesses that tend to be real estate heavy. …