A Quick Thought on Carried Interest
June 4, 2010
John Reeder over at MarketWi.Se has a post up with some of his views on the carried interest tax as well as those of Fred Wilson, a prominent venture capitalist. There has been a lot of debate about this tax, and I’ve even posted a couple times here and there on the issue. Much of the [...]
Read More >>Welcome Back Risk
April 19, 2010
For the past few months, it seems the bears have taken a back seat to a lot of bullishness, particularly in commercial real estate. A few months of rising prices, equity flowing everywhere, and a whole lot more buyers than sellers has made many investors feel that perhaps we’ve seen the worst of it. Perhaps [...]
Read More >>AB2640 Seeks to Repeal 1031 Exchanges in California
March 15, 2010
First of all, for those of you who dropped me a note wondering if I was still alive, rest assured I am. Thanks for the concern. Now to the pressing issue, a bill within the California state assembly which seeks to repeal the tax benefits of 1031 exchanges in California. We’ve been discussing for a [...]
Read More >>S&P Cuts California Bond Ratings
January 14, 2010
California’s situation is getting worse, and S&P has taken notice by dropping its bond ratings for the second time in a year. California now has to spend more money on interest for any bonds it issues, exacerbating the budget crisis in the state and putting more pressure on the government to raise taxes at an [...]
Read More >>Legislative Update: Congress Looking To Raise Carried Interest Tax
December 8, 2009
Congress is working on reforming (raising) taxes and one of the areas it is focused in on is carried interests. We discussed this earlier in March. This would cause real estate partnerships (GPs) to be taxed at ordinary income levels rather than the capital gains rate of 15%. Here’s an email I received from NAIOP [...]
Read More >>Tax Implications of Loan Forgiveness
November 25, 2009
There is an article in the latest issue of the NAR’s Commnews Roundup discussing the downside of loan forgiveness as far as taxes are concerned. We weren’t able to locate the article online, so we’ll give you a synopsis: Provisions of the economic stimulus legislation permit CRE owners to postpone tax liability on forgiven mortgage [...]
Read More >>Unemployment Benefits and Homebuyer Tax Credit Extended
November 4, 2009
After weeks of partisan debate, the Senate voted on Wednesday to lengthen unemployment benefits by up to 20 weeks and to extend the $8,000 homebuyer tax credit. The closely watched legislation would extend jobless benefits in all states by 14 weeks. Those that live in states with unemployment greater than 8.5% would receive an additional [...]
Read More >>Laugh or Cry? 4-Year Old Buys A House
October 22, 2009
Ah, the great american tax credit. Not a deduction, but a fully refundable tax credit. And when you can get into a house for 3.5% down or less (with seller or other first time home buyer program help) with the government’s help, what did you expect to happen? It seems we’ve come a long way since the [...]
Read More >>Fixing The Fundamental Problem
August 26, 2009
The tax credit offered earlier this year pulled homebuyers from the sidelines back into the state’s beleaguered market for new homes but they have retreated since the incentive lapsed last month. Our homebuilders reported a significant drop in traffic last month, largely due to the state closing the window on the homebuyer tax credit,” said [...]
Read More >>IRS Revenue Down 34% YoY
May 27, 2009
The IRS’s revenue is down 34% from last April according to a report by the American Institute for Economic Research. These numbers represent a stagflation of sorts for the federal government – their costs are rising rapidly while income is flat to down. At this rate, ultimately what this will lead to is taxation as it [...]
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