News
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September 24, 2020
NMHC Rent Payment Tracker Finds 90.1 Percent of Apartment Households Paid Rent as of September 20
"This morning’s results show the real-world impact of lawmakers failing in their responsibilities to their constituents," said Doug Bibby, NMHC President.
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September 24, 2020
IRS Provides Tax Relief for Victims Of Hurricane Sally; Oct. 15 Deadline, Others Jan. 15
In addition, penalties on payroll and excise tax deposits due on or after September 14 and before September 29, will be abated as long as the deposits are made by September 29, 2020.
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September 23, 2020
IRS Issues More Bonus Depreciation Rules
The CARES Act also retroactively changed the recovery period for QIP to 15 years, making QIP eligible for bonus depreciation through 2026.
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September 22, 2020
Final Regs. Outline Trust And Estate Expenses Still Deductible Under TCJA
In Notice 2018-61 issued in July 2018, the IRS announced it would issue regulations to clarify that Sec. 67(e) deductions are not suspended or eliminated by Sec. 67(g).
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September 11, 2020
Landlords of Color Hit Hardest as COVID-19 Cuts Into Rental Payments
While nearly 12% of landlords with a mortgage are in forbearance, those landlords are disproportionately Black and Hispanic, according to a new survey.
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September 10, 2020
IRS highlights higher penalties for some tax returns filed after Sept. 14
Taxpayers who have not been assessed any penalties for the past three years often qualify to have penalties abated.
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September 3, 2020
The Neighborhoods That Are The Best Candidates For OZ Investments
The areas identified are more impoverished and densely populated, with low homeownership rates.
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September 2, 2020
IRS provides tax relief for victims of Hurricane Laura
Oct. 15 deadline, other dates extended to Dec. 31