Real Estate and Construction Newsletter November 2018

Real Estate and Construction Newsletter
November 2018

Director’s Message
Robert Berger

Robert Berger,
Partner

Qualified Opportunity Zones Provide an Alternative to the Like-Kind Exchange

One of the more intriguing aspects of the Tax Cuts and Jobs Act of 2017 (TCJA) is the new legislation related to investments within Qualified Opportunity Zones (QOZs). The goal of this new provision is to encourage investment in state specified, low-income communities, or QOZ’s.  Taxpayers who sell property to an unrelated party that generates a capital gain can choose to reinvest all or a portion of their proceeds from the transaction within a QOZ to defer, and in some cases, eliminate tax on the gain.

To the experienced investors out there, this may sound a lot like a Section 1031 or like-kind exchange. There are certainly some similarities between the two, but also some key differences that are important to note.

Read more about Qualified Opportunity Zones.

Tax Reform: Qualified Opportunity Zone Incentives for Low Income Communities

Tax Reform: Qualified Opportunity Zone Incentives for Low Income Communities

With the passage of the Tax Cuts and Jobs Act, there is a new section on Qualified Opportunity Zones, a

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By: Brittney E. Jostes
Associate + Tax Services

Congress Proposes the Online Sales Simplicity and Small Business Relief Act of 2018 Following South Dakota v. Wayfair

Congress Proposes the Online Sales Simplicity and Small Business Relief Act of 2018 Following South Dakota v. Wayfair

South Dakota v. Wayfair (“Wayfair”) has made sales tax collection on remote sellers a widely discussed topic. Although the case

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By: Robert V. Willeford, Jr., CPA, Esq.
Director + State and Local Tax

Find Out How Tax Reform Will Change Your Planning
at Our Year-End Tax Seminars

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