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Real Estate

  • Claim a Tax Credit for Renovating Historic Real Estate

    By MarksNelson on March 22, 2018
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    If you are in the process of restoring an older building, it may be worth your while to find out whether the building can be certified as a historic structure. As long as the rehabilitation of the building meets certain qualifications, you may be able to receive a federal tax credit equivalent to 20% of your renovation costs and a state tax credit equal to 25% of your renovation costs.
  • How the Tax Cuts and Jobs Act is Impacting Your Real Estate Business

    By MarksNelson on February 21, 2018
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    President Trump signed the Tax Cuts and Job Act ("Act") in December 2017 implementing the largest revision to federal income tax laws in decades. Nearly every industry is feeling the impact. For real estate trusts and taxpayers involved in the real estate business, the changes are significant in six key areas.
  • Hiring the Right Contractor For Your Historic Tax Credit Project

    By MarksNelson on January 30, 2018
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    Historic rehabilitation projects can be complicated and the federal and state submissions requirements challenging. A key team member in this process is the contractor. Finding the right contractor who understands the program and appreciates the historic requirements can make the process much easier. Here are five things to consider when hiring a contractor for your next historic tax credit (HTC) project.
  • Consider Separating Real Estate Assets From Your Business

    By MarksNelson on January 4, 2018
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    Many companies choose not to combine real estate and other assets into a single entity. Perhaps the business fears liability for injuries suffered on the property. Or legal liabilities encountered by the company could affect property ownership. But there are valid and potentially beneficial tax reasons for holding real estate in a separate entity as well.
  • New Trends Emerging in New Market Tax Credit Program

    By MarksNelson on October 6, 2017
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    Two new trends are emerging in a program designed to breathe new life into severely distressed neighborhoods. New Market Tax Credits are now being used for manufacturing investments above all else.
  • Tax Benefits and Risks of a Real Estate Installment Sale

    By MarksNelson on August 2, 2017
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    If your company owns real property, or you do so individually, you may not always be able to dispose of it as quickly as you’d like. One avenue for perhaps finding a buyer a little sooner is an installment sale.
  • Year 15 Issues for Low Income Housing Tax Credit Partnerships

    By MarksNelson on June 7, 2017
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    Is your Low Income Housing Tax Credit (LIHTC) project approaching year 15 of its compliance period? Most year 15 planning starts before the project is in service, during the structuring and drafting of project agreements. However, a lot can happen in 15 years and partnerships should assess exit strategies that are available for them now and throughout the life of the project.
  • Capitalization Rate Issues Can Impact Property Valuation

    By MarksNelson on April 3, 2017
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    Capitalization rates are a critical component when real estate investors are comparing different investment opportunities. Unfortunately, cap rates are often misunderstood and improperly derived, which can affect the accuracy of a property valuation.
  • Tax Court Weighs in: Lessee’s Project Costs Payment is Rental Income for Lessor

    By MarksNelson on April 2, 2017
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    Monthly rental payments made by a lessee obviously constitute taxable rental income. But rental income can encompass other types of payments, too. If lessors aren’t careful, they could end up on the hook for more tax liability than expected, as well as significant penalties.
  • Commercial Real Estate: Building Success in 2017

    By MarksNelson on January 30, 2017
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    Industrial, office, multifamily—nearly all sectors of the Kansas City commercial real estate market continued to soar last year. Will the industry remain strong in 2017? How will President Donald Trump and newly elected federal and state legislators affect taxes and incentives for developers and investors?