Section 1250 of the U.S. tax code applies to gains from the sale of depreciated business real estate. If a property was depreciated beyond the straight-line method, the extra depreciation is taxed at ...

Real estate can quietly generate one of the largest tax bills most people ever face, because the IRS treats profit on property as a capital gain. With the right planning, however, I can often reduce, ...

Summit County residents whose homes were damaged in Wednesday's storms may be eligible for real estate tax relief, said the county fiscal officer.

The Situation: Signed into law on July 4, 2025, the One Big Beautiful Bill Act (the "Act") permanently extends and modifies several cornerstone provisions of the Tax Cuts and Jobs Act of 2017, ...

Withum partner Brian Lovett, CPA, CGMA, J.D., is the guest on this week’s episode of the Journal of Accountancy podcast. Lovett is scheduled to speak at the AICPA Construction & Real Estate Conference ...

A federal tax code change could subsidize more residential development — helping address a nationwide housing shortage. That's according to Richard Green, a University of Southern California professor ...

Forbes contributors publish independent expert analyses and insights. I write about commercial real estate negotiations, deals and legal issues. In New York and elsewhere, governments often try to ...