Does your business own its real estate in a separate holding company, such as a limited liability company (LLC) or limited partnership? This practice can provide several advantages, including shielding…
Is an installment sale right for you? If you or your company owns real property, you may not always be able to dispose of it as quickly as you’d like.…
Real Estate: Flip or Exchange? There’s no shortage of television shows addressing real estate these days. Many emphasize “flipping” properties when an adequate gain is reached. But, if you’re ready…
What House Bill 5 Means to Your Business By Joshua Schering and Nick Leacoma Ohio businesses will experience fewer headaches when tax reform House Bill 5 (HB 5) goes into…
How a trust qualified for an exception to PAL rules In a favorable decision for trusts that hold real estate assets, the U.S. Tax Court has held that such a…
New regs tackle property transfers from C corps to REITs and RICs Last fall, the IRS issued long-awaited final regulations providing guidance on the recognition of built-in gains when the…
Real estate owners and developers often form limited liability companies (LLCs) to hold title to property. One key reason for making the switch is that LLCs limit personal liability —…