Real Estate Archives - Walter Shuffain

Writing Off Abandoned Project Costs for Real Estate: A Guide for Maximizing Deductions

Written by: Michael Cooper, CPA In the dynamic world of real estate development, not every project reaches completion. Changes in market conditions, regulatory landscapes, or project viability can lead to the difficult decision of abandoning a project. While such situations…

Navigating the Massachusetts Millionaire’s Tax: Implications for High-Net-Worth Individuals with Multi-State Real Estate

Written by: Jonathan C. Hitter, CPA, MST, CGMA and Angela Parziale, CPA, MST The Massachusetts Millionaire’s Tax, a significant fiscal policy aimed at taxing the state’s wealthiest individuals, has become a pivotal factor for high-net-worth individuals (HNWIs) considering their residency…

Understanding the Tax Relief for American Families and Workers Act of 2024

The House Ways and Means Committee approved The Tax Relief for American Families and Workers Act of 2024, symbolizing a legislative victory for taxpayers, especially small business owners and professionals. This proposed legislation deserves a detailed look due to its…

2023 Year-End Guide – Real Estate

The structuring of real estate transactions can have significant tax implications, and new regulatory or statutory developments can change the calculation of how best to approach a transaction from a tax perspective. As part of year-end planning and looking ahead…

Following the money: Where is real estate capital coming from?

The past few years of pandemic recovery, rising inflation and interest rates, and legislative changes have created tremendous shifts and challenging obstacles within the real estate industry. As economic uncertainty applies pressure to sources of traditional capital, the industry is…

Maximize Your Tax Savings with the Inflation Reduction Act: An Insightful Guide for Real Estate Owners and Developers

Written by: Mark Ravera, CPA In the ever-evolving landscape of real estate tax incentives, staying informed is not just smart – it’s essential. The Inflation Reduction Act is a game-changer allowing real estate owners and developers to enjoy lucrative tax…

Costs and Benefits of the Inflation Reduction Act for Real Estate & Construction

The Inflation Reduction Act’s (IRA’s) expansion of key energy efficiency tax incentives – such as the 179D energy efficient commercial buildings deduction and the 45L new energy efficient home credit – is anticipated to have a significant impact on real estate and construction industry.…

The Top 12 Tax Scams to Avoid According to the IRS

Fraud. Scam. Phishing. Regardless of what you call these illicit activities, it’s important to protect yourself against the bad players that take advantage of weaknesses for their gain. Not only is it inconvenient, but there’s often a financial cost when…

Real Estate Tax Update

Written by: Angela Parziale, CPA, MST As a real estate investor or owner, you’re always looking for ways to maximize your return on investment. Staying up to date on federal tax laws can be daunting, but knowing how taxes affect…

An aerial view of a wood table with a laptop, charts, a calculator and a coffee cup.

The Latest on Lease Accounting: How to Adhere to ASC 842

Written by: Leah Belanger, CPA, MSA The new standard for lease accounting from the Financial Accounting Standards Board (FASB) took effect for private companies with fiscal years beginning after December 15, 2021. While the standard has been in place for about six…

Category: Real Estate