Tag: Tax Cuts and Jobs Act

What You Need to Know About IRS’ Updated Opportunity Zone Regulations

Filed in Multifamily, Tax Reform Toolkit by on May 22, 2019 1 Comment
What You Need to Know About IRS’ Updated Opportunity Zone Regulations

In April, the Treasury Department and IRS released a second set of proposed regulations related to the new opportunity zones tax incentive. NAHB has updated its resource page with a new FAQ outlining key points included in both sets of draft regulations.

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NAHB Resources Available to Help Navigate Opportunity Zones

Filed in Multifamily, Tax Reform Toolkit by on March 27, 2019 0 Comments
NAHB Resources Available to Help Navigate Opportunity Zones

Established as part of the Tax Cuts and Jobs Act of 2017, opportunity zones provide tax incentives for investors with capital gains to invest in underserved areas affected by poverty and unemployment. However, as a new tax incentive, many building industry members are still unclear on how to take advantage of this incentive. Learn more about the resources available through NAHB.

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What Happened to the Alternative Minimum Tax?

Filed in Codes and Regulations, Tax Reform Toolkit by on July 5, 2018 0 Comments
What Happened to the Alternative Minimum Tax?

While the corporate alternative minimum tax (AMT) was abolished permanently by recent legislation, the individual AMT still exists. However, the rules are now more taxpayer friendly, and other changes to the tax code reduce the odds that NAHB members will owe the AMT while the changes are in effect. Here’s the details.

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Expiring Provisions of the Tax Cuts and Jobs Act

Filed in Economics, Tax Reform Toolkit by on June 21, 2018 0 Comments
Expiring Provisions of the Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act (TCJA), signed into law at the end of 2017 by President Trump, added 52 temporary provisions to the tax code that will expire between this year and 2027. Nearly half of these expiring tax provisions will lapse at the end of 2025, many of which are of most interest to […]

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NAHB Seeks Safe Harbor for Quarterly Filers

Filed in Economics by on June 8, 2018 0 Comments
NAHB Seeks Safe Harbor for Quarterly Filers

NAHB has called on the Internal Revenue Service to provide a safe harbor for anxious home builders and other small business that pay estimated quarterly taxes but don’t yet know how recent tax reform legislation will be implemented – and thus may underpay.

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Rep. Scalise Talks Housing with Louisiana Home Builders and Business Leaders

Filed in Capitol Hill by on May 4, 2018 0 Comments
Rep. Scalise Talks Housing with Louisiana Home Builders and Business Leaders

Builders and community leaders yesterday enthusiastically greeted House Majority Whip Steve Scalise (R-La.) at a special meeting that covered a wide range of issues affecting the Louisiana economy, housing industry and home buyers.

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About Those Changes to the Business Interest Deduction

About Those Changes to the Business Interest Deduction

The new tax law places limitations on the business interest deduction and the treatment of business interest expenses. The good news: An exception was made for real estate businesses.

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How to Make Sense of the Tax Law Changes

How to Make Sense of the Tax Law Changes

The Tax Reform Toolkit is a series of blog posts featured on Eye on Housing that are designed to help builders and remodelers make sense of the changes in tax law as a result of the legislation passed in December. So far, three articles have helped illustrate key points of the pass-through deductions.

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Pass-Through Income: What if You Have More?

Filed in Economics, Tax Reform Toolkit by on March 27, 2018 2 Comments
Pass-Through Income: What if You Have More?

When pass-through income exceeds certain levels, taxpayers must know three amounts before they can calculate their allowable deductions. This Tax Reform Toolkit post explains how it works.

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New Tax Regulations Affect Transportation Subsidies

Filed in Economics, Tax Reform Toolkit by on March 1, 2018 0 Comments
New Tax Regulations Affect Transportation Subsidies

Lost in the headlines of the new tax law is how it substantially affects how the cost of fringe benefits is taxed for employers and employees — and few will be happy with these changes.

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