http://www.irs.gov/irb/2004-38_IRB/ar10.html
This is the link to Internal Revenue
Bulletin 200-4-38, the temporary regulation
regarding deemed S Corp taxation elections.
http://www.fanniemaefoundation.org/programs/hpd/v15i3-index.shtml
This link will take you to Fannie Mae
Foundation’s primary page listing
articles and providng a wealth of useful information
about predatory lending issues.
http://www.treas.gov/press/releases/js2214.htm
This link is to the US Treasury Department's
office of public affairs and outlines the new
rules on handling like-kind exchanges
of personal residences which are used partially
for business. This should be particularly helpful
in transaction tax planning in this age of workers
telecommuting from their homes.
http://www.house.gov/jct/s-2-05.pdf
This is a report recently (January
27, 2005) issued by the staff of the congressional
Joint Committee on Taxation and has a
host of proposals on “closing tax loopholes”
and the like, some of which relate directly to
real estate development and financing issues.
The editor specifically directs your attention
to Section VIII(F), which is
a recommendation to restrict the deductibility
of conservation and facade easements,
which are particularly important in downtown/inner
city and renovation development projects.
Another recommendation of interest is found in
Section V(E), which recommends changes
in rules with respect to allocating non-recourse
deductions and liabilities. While these
recommendations are not law, practitioners should
study them to know what may be coming down the
pike from Congress and, perhaps, engage in appropriate
lobbying of their representatives with respect
to those provisions of interest to them.
Publications
