The new proposed accounting standard related to accounting for leases has been the subject of controversy and criticism from landlords, tenants, other lessors and lessees of all types since originally proposed in 2010.
IRS Form 990 is a familiar feature of the working lives of all those engaged with the not-for-profit sector.
It is completed and filed each year to comply with IRS requirements, undergoing some changes over the years, including a major overhaul just a few years ago, so as to better serve as a tool for monitoring the activity of this robust industry.
Real estate professionals as defined under the Internal Revenue Code (“IRC”), will be happy to learn that they may not be subject to the new 3.8% Unearned Income Medicare Contribution Tax (‘Medicare Tax”), which becomes effective January 1, 2013 as part of IRC 1411.
Implementation of the Affordable Care Act (ACA) is upon us. To date, the most visible effect is neither the promised decrease in medical costs nor the promised increase in healthcare quality, but rather the increasing frustration of healthcare payers, providers, and consumers.
…having a clean and comprehensible balance sheet…is Banking 101
Real estate Tax Certiorari (“Certiorari”) is the legal process by which a property owner can challenge a real estate tax assessment. The Tax Commission is the City of New York’s forum for independent administrative review of real property tax assessments set by the New York City Department of Finance annually on January 15th.