Real Estate Perspectives, August 2021

August 23, 2021

Nonprofit newsletter August 2021

New York City Commercial Rent Tax—Don’t Be Caught Unaware
By Jennifer Prendamano

Commercial tenants in Manhattan may not know that they are subject to New York City’s Commercial Rent Tax law. But they should inform themselves – and examine their lease agreements – or risk being hit with unexpected penalties.
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The American Families Plan: Tax Impacts the Real Estate Industry Should Look Out For
By Steve D. Brodsky

When President Joe Biden’s administration announced the American Families Plan (AFP) in April, it was clear that if the plan became law, the real estate industry would be significantly impacted. We look at four provisions that would affect the industry most.
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Business Meals Temporarily Qualify for 100% Tax Deduction
By Dannell R. Lyne

Expenses for business related meals are currently deductible at a full 100% tax as a temporary measure intended to help the restaurant industry, which has suffered severe economic damage during the COVID-19 pandemic.
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