The Financial Accounting Standards Board (“FASB”) recently issued an accounting standard update (“ASU”) to the new leasing standard (ASC 842) to address related party arrangements between entities under common control. …
read moreThree years after public companies implemented the new leasing standard, private companies and not-for-profit organizations will now have their turn. Despite the initial delays caused by implementation concerns and pandemic…
read moreQuick Recap On the evening of January 19, the IRS issued Notice 2021-10 that provides additional relief by extending certain deadlines for investing in Qualified Opportunity Funds (“QOFs”) and relaxed…
read moreWe invite you to watch our informative Real Estate webinar as we review the specific tax provisions and incentives in the CARES Act that benefit owners and operators. We are…
read moreNew Jersey and New York continue to have one of the highest property tax burdens in the country. As a result of market changes in the values of real estate…
read moreInvestors with capital gains, including Sec. 1231 gains, should be aware of the looming December 31, 2019 deadline in order to fully benefit from tax benefits that Qualified Opportunity Fund…
read moreOn October 19, 2018, the Internal Revenue Service released proposed regulations for Qualified Opportunity Zones (QOZs). QOZs are a community development tool benefiting low-income areas by bringing significant financial incentives…
read moreOn December 22, President Trump signed into law the Tax Cuts and Jobs Act that will affect nearly every operating business in the U.S., with a major impact on the…
read moreHear from Sax Real Estate Partner Stuart Berger, who was featured in Mid Atlantic Real Estate Journal with his 2018 predictions for the CRE industry due to the new laws…
read moreThe Financial Accounting Standards Board (FASB) has issued a new lease accounting standard, ASC 842, intended to improve financial reporting about leasing transactions. The new standard will have a significant…
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