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Commercial real estate best practices, tips and expert insights for business growth and success.
The target is the "loophole that allows the wealthiest Americans to entirely escape tax on their wealth by passing it down to heirs."
If Biden's proposals become reality, a lot of product would be put on the market. Then the market could freeze.
"It'll be part of the 'sausage making' of negotiating legislation that can pass."
"Our most successful problem-solvers are people who approach the problem from different viewpoints and perspectives and try to do it better than before. Key to all of this is effective and thoughtful communication."
The triple threat would be a simultaneous end to the 1031, basis step-up on death, and doubling of capital gains.
The IRS officially allows opportunity zone businesses to revise written plans for working capital safe harbor compliance.
If a project in New York is better, the tax policy probably won't matter.
There is the possibility that a court could decide the landlord is assisting the debt collector's violation of the rule.
The funds will help live venues, museums, movie theaters, and restaurants regain their footing following a devastating 2020.
The occupancy rates for law firms are 10 percentage points higher than the average.