REIT changes in the 2008 Housing Act
Mike Habib, EA
Included in the $15.1 billion of housing tax incentives in the recently enacted “Housing Assistance Tax Act of 2008” (the Housing Act) is a package of changes liberalizing the real estate investment trust (REIT) rules. Under these new provisions:
Foreign exchange gains that a REIT generates [...]
Tightened home sale exclusion and other revenue raisers in the 2008 Housing Act
Mike Habib, EA
To pay for the $15.1 billion of housing tax incentives in the recently enacted “Housing Assistance Tax Act of 2008” (the Housing Act), Congress passed several offsetting revenue raisers, including a requirement that banks provide information returns reporting annual credit card [...]
Categories
- 1031 Exchange
- 1099-C
- AMT
- Back Taxes
- Bank Levy
- IRS audit advice
- IRS audit guide
- IRS Audit Reconsideration
- IRS Audits
- IRS Notice
- IRS Problem
- IRS Tax Penalties
- Limited Partnership Tax
- Mortgage Tax Debt Relief
- Offer In Compromise
- Offer In Compromise - OIC
- opportunity letter
- Past Due Tax Returns
- Payroll Tax Audit
- Payroll Tax Problems
- Penalty Abatement
- Sales Tax Audit
- Sales Tax Problem
- Social Security
- State Tax Audit
- Tax Controversy
- Tax Relief
- trust
- Uncategorized
- Unfiled Tax Returns
- US Taxes
- Use Tax Audit
- Wage Garnishment
- Wage Levy
Archives
