News & Insights: alan m blecher

Life Sciences and Biotech Firms Drawn to NYC by Tax Credits


By Alan M. Blecher  |  October 22, 2021

Public and private investment is contributing to the growth of the life sciences industry in New York City, bolstered by federal and state tax credits for an industry that will continue to grow for the foreseeable future.

New Rules Benefit Foreign Investors in U.S. QOFs, But There’s a Catch


By Alan M. Blecher  |  July 30, 2021

Foreign investors in U.S. Qualified Opportunity Funds (QOFs) may soon be able to reduce or eliminate withholding requirements. However, a short window of opportunity to apply for the waiver could discourage all but those with the most substantial gains. 

Proposed Boost in Capital Gains Tax and Curtailment of 1031 ‘Like-Kind’ Exchanges Could Shift Real Estate Investment to Opportunity Zones


By Alan M. Blecher  |  June 4, 2021

Opportunity zones offer advantages and disadvantages but may yield greater tax savings in the long run for some investors.

Isolating Section 1231 Gains for Opportunity Zone Investing: A Taxpayer-Friendly Option


By Alan M. Blecher  |  April 27, 2021

Careful consideration of the final Opportunity Zone regulations provides investors with an important reminder that taxpayer-friendly final decisions were made regarding the investment of 1231 gains.

CARES Act: Summary of Real Estate-Related Tax Provisions


By Alan M. Blecher  |  April 21, 2020

Our specialists examine the provisions of the CARES Act affecting the real estate industry.

Tax Alert: Key Issues Addressed in Final QOZ Treasury Regulations


By Alan M. Blecher  |  January 8, 2020

The Internal Revenue Service and the Treasury Department issued Final Treasury Regulations related to investing in Qualified Opportunity Zones, addressing many of the questions that have arisen since the program's inception in the Tax Cuts and Jobs Act of 2017.

The Future of Disruption


By Alan M. Blecher |  Dean Boyer  |  November 22, 2019

Companies today are operating in an increasingly complex environment that is more dynamic and a lot less predictable due to several business disruptors. 

IRS Issues New Proposed Regulations On Qualified Opportunity Funds


By Alan M. Blecher |  Abe Schlisselfeld  |  May 29, 2019

On April 17, 2019, the IRS released a second round of proposed regulations regarding investments in Qualified Opportunity Funds (QOFs). While the Qualified Opportunity Zones provision has garnered the attention of the real estate industry (as well as outside investors and fund managers) since its introduction in 2017, the lack of available guidance had many waiting to act on this potentially groundbreaking tax incentive program.

Reflections on the first TCJA Tax Season


By Alan M. Blecher  |  May 29, 2019

April 15, 2019 marked the ostensible end to the first “tax season” implementing the Tax Cuts and Jobs Act of 2017 (TCJA). Alan Blecher, tax principal in our Real Estate Group, reflects on the challenges, misconceptions and unanswered questions that complicated the tax compliance process this year. 

Tax Alert: IRS Issues New Proposed Regulations on Qualified Opportunity Funds


By Alan M. Blecher |  Abe Schlisselfeld  |  April 18, 2019

The IRS has released a second round of proposed regulations regarding investments in Qualified Opportunity Funds, addressing a number of the critical issues and providing long-awaited clarity for investors seeking to take advantage of the opportunity zone tax benefits.

Tax Alert: IRS Releases Proposed Regulations on Qualified Opportunity Funds


By Alan M. Blecher  |  October 23, 2018

The IRS has issued proposed regulations relating to the deferral of gain under Code Section 1400Z-2, for investments in qualified opportunity funds (QOFs). Enacted late last year, the QOF provisions, while enticing, left many questions unanswered.

2018 Technical Corrections to the New Partnerships Audit Rules


By Alan M. Blecher  |  July 27, 2018

In late March, the President signed legislation that includes technical corrections to the new partnership audit rules that were introduced in the Bipartisan Budget Act of 2015. 

Tax Reform Dilemma: Uncertainty Surrounds Business Interest Deduction


By Alan M. Blecher  |  January 22, 2018

Real Estate Partner Alan M. Blecher authored an article entitled “Tax Reform Dilemma: Uncertainty Surrounds Business Interest Deduction” which was featured in the Commercial Observer.

Real Estate Alert: Tax Reform Measures You Might Have Missed


By Michael Siino |  Alan M. Blecher  |  December 10, 2017

While there are many provisions in the House and Senate tax reform bills that would affect the real estate industry, there are quite a few that are not making the headlines. Real estate business owners should take careful note of these easily overlooked changes.