The IRS provides further guidance on the Employee Retention Tax Credit
(authored by RSM US LLP) The Relief Act made changes on how the Employee Retention Tax Credit works during the first two quarters of 2021.
Pitfalls and opportunities in distressed real estate investing
(authored by RSM US LLP) Investors need to slow down enough to get their arms around the potential tax ramifications of any real estate acquisition.
Senate passes extension of Paycheck Protection Program to May 31
(authored by RSM US LLP) PPP extension clears Senate. Program to be extended to May 31, with 30 days provided after May 31 for SBA to process pending applications.
Valuing a distressed real estate asset
(authored by RSM US LLP) Real estate investors must ensure they can create something out of a distressed real estate asset once they own it.
Guidance issued for employers claiming the Employee Retention Credit
(authored by RSM US LLP) Notice 2021-20 clarifies retroactive changes made to ERTC and PPP interaction and incorporates several previous frequently asked questions.
Real estate debt raising
(authored by RSM US LLP) Middle market funds can bring in more equity by offering more favorable terms to LPs, but may be better off with investors who trust them.
Navigating the REIT asset tests
(authored by RSM US LLP) Despite their competitive tax advantage, REITs are subject to a complex set of compliance rules which include quarterly asset tests.
Additional section 163(j) final regulations released
(authored by RSM US LLP) New final regulations include rules for CFCs, depreciation/amortization ‘add-back recapture’ and self-charged interest.
IRS partially finalizes passthrough interest limitation regulations
(authored by RSM US LLP) Final regulations address self-charged interest and trading partnerships, but reserve on tiered partnerships and other items.
New Markets Tax Credit program extended five years
(authored by RSM US LLP) The program, scheduled to expire on Dec. 31, 2020, received a five-year extension under the recent federal spending bill.
Proposed accounting for acquired revenue contracts with customers
(authored by RSM US LLP) A recent proposed ASU addresses the accounting for revenue contracts with customers acquired in a business combination.
The 2020 checklist
(authored by RSM US LLP) Real estate investors are ready to close the books on 2020. Here are 10 smart moves for real estate investors to consider at year’s end.