Tag: tax reform

Housing in Opportunity Zones

Filed in Land Development, Tax Reform by on July 17, 2020 0 Comments
Housing in Opportunity Zones

Opportunity Zones (OZs) are an economic development tool created by the federal government in the 2017 Tax Cuts and Jobs Act. Here are some examples of successful OZ projects across the country.

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Final Opportunity Zone Regulations Provide Clarity but Add Complexity

Filed in Multifamily, Tax Reform by on February 4, 2020 0 Comments
Final Opportunity Zone Regulations Provide Clarity but Add Complexity

In late December, the Treasury Department and Internal Revenue Service released the final regulations on investing in qualified opportunity funds, which clarify many key issues regarding investments in opportunity zones and how to qualify for the associated tax benefits. NAHB has reviewed the final regulations and updated its frequently asked questions webpage to note key issues related to real estate investments.

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

Filed in Multifamily, Tax Reform 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 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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Upcoming Webinars to Clarify New Tax Law

Filed in Tax Reform by on October 17, 2018 4 Comments
Upcoming Webinars to Clarify New Tax Law

Still confused about the new tax law? Then take advantage of two upcoming opportunities to hear directly from the IRS about the changes made to the business tax code.

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What You Need to Know About the 20% Pass-Through Deduction

Filed in Codes and Standards, Tax Reform by on September 4, 2018 0 Comments
What You Need to Know About the 20% Pass-Through Deduction

The Tax Cuts and Jobs Act signed into law late last year created a new section of the tax code that provides a 20% deduction for “qualified business income” generated by pass-through entities such as LLCs, partnerships and S-corporations. The IRS published proposed regulations to provide clarity to the law and NAHB breaks down what it means.

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Tax Reform and Net Operating Losses

Filed in Economics, Tax Reform by on June 1, 2018 0 Comments
Tax Reform and Net Operating Losses

For businesses, the deduction for net operating losses is now limited to 80% of taxable income (which is determined without regard to the new 20% pass-thru deduction). In other words, business owners may no longer use NOLs to reduce tax liability to zero.

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Treasury, IRS to Release Regulations on SALT Workarounds

Filed in Codes and Standards by on May 23, 2018 0 Comments
Treasury, IRS to Release Regulations on SALT Workarounds

The Department of Treasury and Internal Revenue Service (IRS) have released Notice 2018-54, which announces their intention to propose regulations addressing state legislative proposals that create a workaround for the newly imposed limits to the state and local tax deduction. In plain language, the IRS is warning taxpayers that just because the state law permits them, it does not make the workaround deductible under federal tax law.

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‘Qualified Business Income’ and You

Filed in Economics, Tax Reform by on March 12, 2018 1 Comment
‘Qualified Business Income’ and You

One of the truly new aspects of the tax code signed into law by President Trump is the 20% deduction available to “pass-through” businesses (i.e. LLPs, LLCs, and S-corps). It was a centerpiece of the tax bill, and one which most small business owners have heard about. Nevertheless, it warrants a lot of explanation because it is a lot more complex than it sounds.

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March 5 Webinar Helps Members Understand Impact of Tax Reform on Their Bottom Lines

Filed in Business Management, Membership by on February 14, 2018 0 Comments
March 5 Webinar Helps Members Understand Impact of Tax Reform on Their Bottom Lines

NAHB is hosting a members-only webinar on March 5 to help you understand how recent changes in the tax code could impact your business.

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