The QO Zone Policy
The QO Zone policy relies on collaboration between state governments and private investors. State governors are responsible for identifying the areas of greatest need within their jurisdictions, and private investors are responsible for creating funds that will...
QUALIFIED OPPORTUNITY ZONE FUNDS-FACTORS TO CONSIDER BEFORE INVESTING
Qualified Opportunity Zone Funds have the potential to create large tax savings for investors, but they are not beneficial for every taxpayer. The Tax Cuts and Jobs Act (TCJA) [1] created the Qualified Opportunity Zone (QO Zone) policy. Codified in Sections 1400Z-1...
Tax Implications of Real Estate Investing After the Tax Cuts & Jobs Act (TCJA) of 2018
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Real Estate Provisions of the 2017 Tax Reform Act
On December 22, 2017, President Trump signed into law tax reform legislation known as the Tax Cuts and Jobs Act (the “Act”). The Act provides the real estate industry with some significant benefits. The key provisions of the Act impacting real estate...
Leading Denver CPA Firm on Tax Treatment for Leased Retail Spaces
As the tenant of a retail space, you may receive funds from your landlord to make improvements, or construct the space you lease for your business. Fortunately, such funds, which are commonly referred to as a construction allowance, often are exempt from taxes under a...
Financial Tips from One of the Best CPA Firms Denver Has to Offer
Those who have business or personal ties in a foreign country prior to 2013, including foreign bank accounts, securities accounts, other financial accounts, or even signature authority over such an account must file special paperwork, namely Form TD F...
Final Repair Regulations Have Sweeping Impact – Business, Real Estate Owners May be Missing Valuable Opportunities
On Sept. 13, 2013, the IRS released final regulations regarding the question of whether an expenditure relating to tangible property is a deductible repair or capital expenditure (commonly known as the repair regulations). The final regulations will affect...
Tax Planning Techniques for Real Estate Professionals
Under the passive activities loss rules (PAL) – that is, activities in which you do not “materially participate”, tax losses from rental real estate activities cannot be deducted against non-passive activity income (such as salary, professional fees,...