Acquisition Indebtedness and Home Equity Indebtedness (Voss vs. Commissioner in the Tax Court)

Posted on by moskowitz Posted in Real Estate Law
Other Posts in this Series Part I: The Personal Mortgage Interest Deduction Part III: Acquisition Indebtedness and Home Equity Indebtedness (Voss vs. Commissioner in the Ninth Circuit) In Part I, we described the requirements for a mortgage interest deduction under IRC 163(h)(3).  We noted that only the first $1.1 million...
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Mortgage Interest Limitations under IRC §163(h)(3) Part I: The Personal Mortgage Interest Deduction

Posted on by moskowitz Posted in Real Estate Law
Other Posts in this Series Part II: Acquisition Indebtedness and Home Equity Indebtedness (Voss vs. Commissioner in the Tax Court) Part III: Acquisition Indebtedness and Home Equity Indebtedness (Voss vs. Commissioner in the Ninth Circuit) The ability to deduct the interest on a mortgage is one of the most commonly...
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Special Issue: 2014 Tax Planning Roundup

Posted on by moskowitz Posted in Tax Planning & Compliance, Estate Planning & Taxation, Real Estate Law
What's Inside Planning: Year-End Investment Tax Planning Year-End Charitable Tax Planning Year-End Family Tax Planning Year-End Retirement Tax Planning Year-End Estate Tax Planning Year-End Business Tax Planning Tax Calendar Dear Client, Colleague, or Tax Enthusiast, Having just finished the extended 2013 tax filing season, we are aware of the very...
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U.S. Tax Effects of Treaties in the Context of Foreign Investment in the U.S.

Posted on by moskowitz Posted in International Taxation, Real Estate Law
Introduction Foreign investors in the U.S. tend to have the same goals as their U.S. counterparts. Like U.S. taxpayers, foreign investors seek to minimize their income tax liabilities associated with their U.S. real estate and business investments. However, foreign investor’s objectives are clouded by the fact that they are not...
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UNLIMITED LOSS DEDUCTIONS FOR REAL ESTATE PROFESSIONALS

Posted on by moskowitz Posted in Real Estate Law
Owning rental property may yield large financial gains in healthy markets.  Recently, however, fluctuations in the real estate and housing markets have produced conditions which can lead to great financial losses.  Because owning real estate is considered a “passive activity” by the tax code, there are certain restrictions and limitations...
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