Withum.com Real Estate

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State Of The US Real Estate Market Withum

8 days ago

The U.S. real estate market is varied in its offerings to consumers of all types and investors, landlords, developers, and consultants in this arena are constantly assessing how to work with the market, in whatever stage it’s in, to keep up with the demands of consumers.

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COVID-19's Long-Term Effects On The Real Estate Industry

Just Now

Residential and commercial real estate entities have felt the impact in their cash collections from their occupants. According to the IBISWorld Commercial Real Estate July 2020 US Industry report, the coronavirus pandemic will have a lasting effect on the way real estate companies handle their assets.

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The CARES Act: Provisions For Real Estate Industry Withum

3 days ago

Real Estate May 27, 2021 Understanding SOC Examinations and Their Relevance to the Real Estate Industry. Real Estate, Digital Currency and Blockchain Technology May 27, 2021 On-Demand Webinar: Cryptocurrency 101 - Bitcoin for Businesses and Real Estate.

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REAL ESTATE SERVICES

7 days ago

commercial real estate development and a strong residential development portfolio. Internal audit work for one of the nation’s largest real estate investment trusts involved in the development, ownership and management of commercial real estate properties with annual revenues of over $775M. Audit, tax and consulting work for a family-owned

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Spotlight: The Women Of Withum's Real Estate Team Withum

1 days ago

This Women’s History Month, we asked some women of Withum’s Real Estate Services Team to reflect on some of the formative experiences in their lives and in their careers in the industry. As the month comes to a close, we wanted to share the team’s thoughts in order to shine a light on their experiences and successes, inspire those who aim to reach new career heights, and connect other

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From CPA To Real Estate Mogul Withum

4 days ago

From CPA to Real Estate Mogul. Irfan Raza is a CPA that had an interest in building added wealth, so he started, as a sideline, buying, renovating and renting single family houses. At some point his real estate portfolio led him to become a full time developer. Today he owns and manages 64 properties with 73 units. Here is his story.

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Opportunities To Utilize Involuntary Conversions Of Real

5 days ago

Opportunities to Utilize Involuntary Conversions of Real Estate for Natural Disaster Relief. When taxpayers think about the replacement of one investment real estate property with another, the conversation generally centers around the popular 1031 exchange, the commonly used name for exchanges of property covered within Internal Revenue Code

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Capital Gain Or Ordinary Income

2 days ago

Whether real estate is “held by a taxpayer for sale to customers in the ordinary course of business” is among the more controversial and heavily litigated issues in the tax law. The courts look to the following factors in determining whether the sale of real property should be treated as the sale of a capital asset: Whether the taxpayer (1

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Real Estate Outlook

3 days ago

The Urban Land Institute/EY Real Estate Consensus Forecast projects solid growth for the U.S. economy and continued strength of the commercial and residential real estate sectors. U.S. Economy Economic growth as measured by Real GDP Growth for 2015 and 2016 is expected to be 3% according to the forecast, which is higher than the 2013 GDP of 2.2

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Real Estate Professional Rules – Another Taxpayer Loses In

6 days ago

The real estate professional rules under Internal Revenue Code (IRC) Section 469(c)(7) were instituted in 1993 to afford those who earn their living in real estate trades or businesses the opportunity to deduct losses from their real estate activities.. Under IRC Section 469(c)(2), passive activities include any rental activity except as provided in (7), which provides for the real estate

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Cybersecurity For Real Estate Companies Withum

3 days ago

Cybersecurity for Real Estate Companies. May 20, 2021. Share. Cybersecurity has been one of the most common buzzwords of the 21st century, as industries become increasingly reliant on technology for day-to-day operations. The real estate industry is no exception to this trend. With the normalcy of online rent payments, wire transfers, and ACH

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REITs Come Out Ahead In Light Of TCJA Withum

1 days ago

Real estate businesses were significantly impacted as a result of the changes. For the most part, the new rules mean a positive outcome for REITs. Section 199A – QBI deduction. Section 199A entitles eligible taxpayers to deduct 20 percent of qualified REIT dividends and qualified publicly traded partnership (PTP) income. The term “qualified

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ABANDONING A REAL ESTATE PROJECT

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available to real estate investors with projects that are abandoned or significantly restructured. If the taxpayer can prove an abandonment loss, it provides a significant benefit as the taxpayer will be able to claim an ordinary loss even if the property is a capital asset. However, a …

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Understanding SOC Examinations And Their Relevance To The

2 days ago

The same thought process goes for other real estate services being provided, such as facilities management, asset management, transaction management, and accounting services. Customers may want to ensure that the service providers have proper controls in place around the security, availability, confidentiality, processing integrity, and privacy

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Case Study: Calculating Basis In A Property Withum

5 days ago

In order to create the estimate, in lieu of a valuation, a licensed real estate agent familiar with the market region was asked to supply a letter giving an approximate valuation. The approximate value in 2006 was estimated at $400,000. At this point, the widow’s basis is 50% of the $400,000 valuation plus 50% of the $80,000, making the basis

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Real Estate Industry Multistate Tax Update Withum

6 days ago

Sales Tax Rate Reductions for Commercial Real Estate Rental and Incentives for Construction On May 25, 2017, Governor Rick Scott signed legislation that included reductions on the state sales tax rate on rental of commercial real estate from 6% to 5.8%. Effective January 1, 2018, the bill also provides expanded sales tax exemptions for

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How Investors Can Benefit From Investing In Real Estate

3 days ago

Real Estate May 20, 2021 Cybersecurity for Real Estate Companies Real Estate Apr 27, 2021 Understanding Prepayment Penalties and Defeasance Fees Real Estate Apr 13, 2021 On-Demand Webinar: Landlords & Tenants - Managing Through Distress

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Tax Geek Tuesday: Why You Should Never Hold Real Estate In

5 days ago

It’s because, as the ensuing discussion will reflect, while real estate can go into a corporation tax-free, it can never come out tax free. In today’s Tax Geek Tuesday, let’s peel back the layers of the statute and find out why. Case study: A, an individual, owns a building with a basis of $400,000 and a fair market value of $1,000,000.

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Do Employees In Real Property Trades Or Businesses Qualify

9 days ago

A real estate professional as defined in Internal Revenue Code Section 469(c)(7) and Regulation Section 1.469-9 receives significant tax benefits. A taxpayer may not be subject to certain taxes on income earned from the rental of real estate by being classified as a real estate professional.

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Real Property Cancellation Of Debt Withum

8 days ago

Real estate, of course, does have its downturns and in unfortunate circumstances, a company may need to go through a debt workout agreement. This can lead to the company receiving an IRS Form 1099-C, which can potentially lead to the debt forgiveness being included in gross income. However, there is an exclusion of income rule under Internal

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REITs – Services And Impermissible Tenant Service Income

8 days ago

By nature, a Real Estate Investment Trust, or REIT, is meant to hold a passive investment in real estate and receive rental income.In an age of rapidly expanding non-traditional REITs and increasing competition among traditional REITs, services begin to play a bigger role in attracting tenants and creating new revenue streams.

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Deductible Property Taxes Withum

9 days ago

A deductible real estate tax is based on the assessed value of the property (called “ad valorem”) and charged uniformly against all property in the taxing authority’s jurisdiction. A deductible tax must be imposed by a governmental body which could be state or local.

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Cost Segregation Withum

8 days ago

Cost segregation is an invaluable tax savings tool. It allows companies and/or individuals who have constructed, purchased, expanded, or remodeled real estate to increase cash flow by accelerating depreciation deductions and deferring federal and state income taxes. Cost segregation studies achieve this through identifying, segregating, and

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Alternative Depreciation System (ADS) Under The Tax Cuts

7 days ago

A change in use in this case would require electing real estate or farming businesses to determine the depreciable basis of applicable assets as of 1/1/18 and calculate depreciation on that depreciable basis over the years still remaining as if the assets were placed in service using ADS recovery periods.

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Understanding Prepayment Penalties And Defeasance Fees

8 days ago

Real Estate May 27, 2021 Understanding SOC Examinations and Their Relevance to the Real Estate Industry Real Estate, Digital Currency and Blockchain Technology May 27, 2021 On-Demand Webinar: Cryptocurrency 101 - Bitcoin for Businesses and Real Estate

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Biden Presidency: Implications Of Proposed Tax Law Changes

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Real Estate Services. The JCT provides estimates of “tax expenditures,” which are defined under the Congressional Budget and Impoundment Control Act of 1974 (the “Budget Act”) as “revenue losses attributable to provisions of the Federal tax laws which allow a special exclusion, exemption or deduction from gross income or which provide a special credit, a preferential rate of tax …

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Are You A Real Estate Professional In The Eyes Of The IRS

1 days ago

Section 469 (c) (7) (B) requires that you meet two tests in order to qualify as a real estate professional for a taxable year: that you worked more than 750 hours in real property trades or businesses in which you materially participate. In other words, you must have spent more hours on real estate activities than non-real estate activities

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Tenant Reimbursement Of Landlord Improvements Taxable As

8 days ago

If a lessee places improvements on real estate which constitute, in whole or in part, a substitute for rent, such improvements constitute rental income to the lessor. Whether or not improvements made by a lessee result in rental income to the lessor in a particular case depends upon the intention of the parties, which may be indicated either by

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Delaware Statutory Trusts: 1031 Exchange Option Withum

Just Now

Succeeding as a landlord requires a lot of hard work, patience, and planning. When the time comes to leave the real estate industry, individuals may be hesitant to do so, knowing their real estate has appreciated in value and that large tax bills will follow. A 1031 exchange into a Delaware Statutory Trust (DST) is a great option for landlords to consider in their transition from an active

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Proposed QBI Deductions Are A Double-Edged Sword For The

1 days ago

The real estate industry was generally satisfied with the regulations’ definition of a specified service trade or business. An SSTB is not eligible for the QBI deduction, so many real estate brokers and management companies were concerned when the original QBI Code section included the broad terms ‘brokerage services’ and ‘investment

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Is A Self-Directed IRA Right For You

1 days ago

Real Estate Acumen. Before embarking on the necessary steps to hold tangible real estate in an IRA, it is advisable for the investor to not only be a savvy, knowledgeable investor but also have a strong understanding of real estate and understand the long-term growth potential of …

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New PA Withholding Tax Requirements To Non-Residents

9 days ago

Mar 21, 2018. Share. Act 43 of 2017 (“Act”) created new PA withholding tax requirements for certain payors of PA source income and lessees of PA real estate to non-residents. According to the Act, effective January 1, 2018, an amount equal to a rate pursuant to 72 P.S. §7302 (which is currently 3.07%), is required to be withheld from the

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Reprieve On Lease Standard Is Official! Withum

2 days ago

Real Estate May 20, 2021 Cybersecurity for Real Estate Companies Real Estate Apr 27, 2021 Understanding Prepayment Penalties and Defeasance Fees Real Estate Apr 13, 2021 On-Demand Webinar: Landlords & Tenants - Managing Through Distress

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Tax Consequences Of Lease Modifications Under COVID-19

8 days ago

Tax Consequences of Lease Modifications under COVID-19. Jan 13, 2021. Share. The COVID-19 pandemic has had a domino effect on the real estate industry. Businesses who have taken a hit as a result of shutdowns may have paid rent late, not paid at all, or renegotiated lease terms with their landlords, including rent deferrals or abatements.

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Tax Consequences Of A Partnership Or LLC Defaulting On A

9 days ago

Tax Consequences of Defaulting on Commercial or Residential Real Estate Loans. Liabilities on a partnership tax return are classified as either recourse, non-recourse, or qualified non-recourse. This characterization comes into play because the type of loan affects the partners’ outside basis calculation, and partners can only make use of

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To Sell Or Not To Sell: Biden To Propose Doubling The

4 days ago

If you invest in real estate should you reconsider deferring capital gains by investing in Qualified Opportunity Zones? As of now it’s unclear if Democrats can pass these proposals through the slim majority in the House and Senate, however, with millions of dollars in tax at stake it’s important to discuss the likelihood and potential

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IRS Section 179D

7 days ago

Real Estate May 27, 2021 Understanding SOC Examinations and Their Relevance to the Real Estate Industry. Real Estate, Digital Currency and Blockchain Technology May 27, 2021 On-Demand Webinar: Cryptocurrency 101 - Bitcoin for Businesses and Real Estate.

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About withum.com real estate

The real estate industry is buckling down in the face of uncertain times. Changes to today’s business environment call for real estate companies to provide a remote-work infrastructure for your team and supplement staff through outsourced accounting and finance support.

Website: www.withum.com

Total: 38 New Post

FAQ?

Is real estate a good investment right now?

Real estate is generally a great investment option. It can generate ongoing passive income and can be a good long-term investment if the value increases over time.

How much can you make in real estate?

Real estate is often a referral-based business. Those who are involved in the business longer typically are the most successful. Those with 16 years or more experience earned the highest real estate income: approximately $78,850 on average.

What is the best real estate market?

Dallas tops the list of real-estate markets over the period studied, exhibiting strong price appreciation, while remaining a market in which investors saw strong rents relative to property values.

What is the most expensive real estate in the US?

Manhattan real estate is the most expensive in the US per square foot with some properties topping $10,000: Study. Move over San Francisco — the Big Apple tops Silicon Valley as most expensive place to live in the United States, a new study shows.

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