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IRS Repair Regulations
https://www.nmhc.org/industry-topics/tax-and-accounting/irs-repair-regulations/
On September 13, 2013, the Treasury Department and Internal Revenue Service (IRS) issued long-awaited final so-called Repair Regulations (T.D. 9636) that address how expenses in connection with acquir
IRS Issues Long-Awaited Final Repair Regulations
On September 13, 2013, the Treasury Department and Internal Revenue Service (IRS) issued long-awaited final so-called Repair Regulations (T.D. 9636) that address how expenses in connection with acquiring, maintaining and improving tangible property, including multifamily buildings, should be treated for tax purposes (i.e., depreciated or expensed).
According to the rules, owners must depreciate expenses related to constructing or permanently improving a building, restoring property or converting
NMHC NAA Letter on Implementation of IRS Repair Regulations (November 15, 2012)
https://www.nmhc.org/advocacy/comment-letters/2012/nmhc-naa-letter-on-implementation-of-irs-repair-regulations-november-15-2012/
NMHC/NAA Letter on Implementation of IRS Repair Regulations (November 15, 2012)
11/28/2012 5:41:24 PM
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NMHC and NAA Speak Up on Repair Regulations
https://www.nmhc.org/advocacy/comment-letters/2015/nmhc-and-naa-speak-up-on-repair-regulations/
NMHC and NAA commented on Repair Regulations that address how expenses in connection with acquiring, maintaining and improving tangible property should be treated for tax purposes.
It's Time to Get Rid of Complex IRS Expense Regs
https://www.nmhc.org/news/nmhc-news/2000-2016/its-time-to-get-rid-of-complex-irs-expense-regs/
Tax time is here and the multifamily industry is dealing with complex and sweeping Internal Revenue Service (IRS) tangible property regulations. Specifically, the regulations are focused on expenses
IRS Eases Repair Regs for Small Multifamily Operators
https://www.nmhc.org/news/nmhc-news/2000-2016/irs-eases-repair-regs-for-small-multifamily-operators/
The
Internal Revenue Service (IRS) on November 24 simplified the application of
so-called Repair Regulations that address how expenses in connection with
acquiring, maintaining and improving tangib
IRS Spells Out Debt Income Exclusions for Real Estate Developers
https://www.nmhc.org/news/nmhc-news/2000-2016/irs-spells-out-debt-income-exclusions-for-real-estate-developers/
The Internal
Revenue Service (IRS) published guidance
on June 10 clarifying when real estate developers may exclude cancellation of
indebtedness from their gross income. An apartment building was h
Congress Releases Tax Cuts and Jobs Act
https://www.nmhc.org/news/nmhc-news/2017/congress-releases-tax-cuts-and-jobs-act/
House and Senate conferees on December 15 released the Tax Cuts and Jobs Act. Lawmakers hope to approve the final package early next week, with the House scheduled to vote on Tuesday, and send it to P