Real Estate Business Provision and Initiatives Included in Bipartisan COVID-19 Agreement

January 25, 2021By Jose Calles, CPA

Congress introduced the Bipartisan economic relief package on December 20, 2020. This relief bill provides stimulus to individuals and businesses. As an industry impacted by the pandemic, real estate businesses can benefit from several key tax provisions in the package. We have outlined these opportunities below. Business Meals Deduction Currently, the deductibility of business meals Read the full article…

Eleventh-Hour Pandemic Relief – What a Homeowner Should Know

January 14, 2021By Melanie Prieger, CPA, MST

The Consolidated Appropriations Act (the “Act”) passed by Congress and signed by the President on December 27, 2020, outlined several provisions to help individuals through this extended time of financial uncertainty. Most of these provisions are included in the Additional Coronavirus Response and Relief (“ACRR”) and the Taxpayer Certainty and Disaster Tax Relief Act of Read the full article…

KROST Quarterly: The Real Estate Issue Is Now Available!

January 9, 2019By KROST CPAs

We are happy to announce the release of our third quarterly magazine! The Real Estate Issue highlights some of the hot topics in real estate including Opportunity Zones, Delaware Statutory Trusts, Cost Segregation, 1031 Exchange, Green Building Tax Incentives, and Qualified Improvement Property. What You’ll Find Inside this Issue: The Impact of TCJA on Cost Read the full article…