News & Insights: michael w. hurwitz
What Are the Tax Implications of a Typical Foreclosure Action?
By Michael W. Hurwitz | June 17, 2020
There is a long list of repercussions associated with foreclosures, but few taxpayers consider the tax implications—until they must file their tax return.
Reopening the Workplace: Thoughts from Inside the Industry
By Michael W. Hurwitz | May 20, 2020
Industry leaders discuss how landlords, tenants, consumers, and businesses will alter their behavior and actions in light of COVID-19, and what challenges will they encounter as we move to restart the economy.
With Historic Preservation Tax Credits, Old Buildings Offer Great Opportunity
By Michael W. Hurwitz | May 6, 2020
Historic buildings that qualify for the Historic Preservation Tax Credit program can be a wise choice for investors.
Tax Alert: Key Issues Addressed in Final QOZ Treasury Regulations
By Michael W. Hurwitz | 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 | Michael W. Hurwitz | 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.
New Draft Federal Forms Issued in Response to Heightened Scrutiny Of QOZ Program
By Michael W. Hurwitz | November 19, 2019
The Qualified Opportunity Zones (QOZs) tax-incentive program has recently come under heightened scrutiny by the national media due to alleged abuses.
IRS Issues New Proposed Regulations On Qualified Opportunity Funds
By Alan M. Blecher | Abe Schlisselfeld | Michael W. Hurwitz | 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.
Tax Alert: IRS Issues New Proposed Regulations on Qualified Opportunity Funds
By Alan M. Blecher | Abe Schlisselfeld | Michael W. Hurwitz | 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.
Everyone Loves Talking About Qualified Opportunity Zones
By Michael W. Hurwitz | January 31, 2019
By now, most real estate professionals have heard about the Qualified Opportunity Zone (“QOZ”) program created by the Tax Cuts and Jobs Act of 2017.
Update on the Qualified Opportunity Fund Program
By Michael W. Hurwitz | July 27, 2018
By now, most real estate professionals have heard about the Qualified Opportunity Fund program created by the Tax Cuts and Jobs Act of 2017 (TCJA).
Qualified Opportunity Funds
By Michael W. Hurwitz | March 16, 2018
As part of the extensive Tax Cuts and Jobs Act of 2017 (TCJA), Congress created a little known but beneficial tax program to incentivize the inflow of capital investments into qualified low-income communities. The Qualified Opportunity Zone program offers significant tax benefits that are designed to reward taxpayers who reinvest capital gains from certain property sales into a Qualified Opportunity Fund.
New Tax Bill Protects 1031 Exchanges for Real Property
By Michael W. Hurwitz | January 15, 2018
Now that we know 1031 Exchanges will still be allowed for real property under the new tax law, learn more about this popular tax-deferral strategy for real estate investors. Michael Hurwitz explains the requirements, deadlines and common pitfalls associated with 1031 exchanges.