How Real Estate Partnerships Can Defer the Tax Impact of Canceled Debt

Real estate partnerships looking for a way to minimize the tax impact of canceled debt may be able to use qualified real property business indebtedness (QRPBI) to exclude forgiven debt from taxable income.

2022-09-08T16:36:50-04:00September 6, 2022|Categories: Construction and Real Estate|Tags: |

The CHIPS Act and Its Impact on the Construction Industry

The CHIPS Act was signed into law on August 9, marking a multi-year, $280 billion investment in advanced manufacturing and technology. The construction industry – and Virginia – stand to benefit in more ways than one.

2022-08-09T12:08:26-04:00August 9, 2022|Categories: Construction and Real Estate|Tags: |

Work Opportunity Tax Credit Can Help Construction Contractors in the War for Talent

Amid the labor shortage, construction contractors can recruit from certain targeted groups that traditionally face barriers to employment. In return, they can claim the Work Opportunity Tax Credit.

2022-08-02T08:35:50-04:00August 2, 2022|Categories: Construction and Real Estate|Tags: , |

Businesses Already Strained by COVID-19 Should Prepare for Hurricane Season

Coming off the heels of the pandemic, sectors such as insurance, real estate, hospitality and healthcare are particularly vulnerable this hurricane season. To help understand the risks, we take a look at how different industries can prepare for such a catastrophe – before it hits.

2022-09-29T13:15:28-04:00July 22, 2022|Categories: Construction and Real Estate, Healthcare, Hospitality|Tags: , |

The Impact of ASC 842 on Commercial Real Estate

Private company adoption of the new lease accounting update, ASC 842, is well underway. The impact will be felt in areas other than the balance sheet, especially for businesses in commercial real estate and construction.

2022-06-15T12:01:53-04:00June 1, 2022|Categories: Construction and Real Estate|Tags: , |

The Impact of Inflation on Commercial Real Estate

Commercial real estate is usually known as a hedge against inflation. Is that still the case? There are many variables to consider and investors need to look at the whole picture.

2022-04-07T13:48:08-04:00April 7, 2022|Categories: Construction and Real Estate|Tags: , , |

FinCEN Proposed Rule for Real Estate to Combat Money Laundering, Fraud

FinCEN issued a request for public comment in advance of a new proposed rule subjecting all-cash real estate transactions to new recordkeeping requirements. If passed, real estate would fall under increased regulatory oversight.

2022-03-01T14:25:06-05:00March 1, 2022|Categories: Construction and Real Estate|Tags: |

Changing Guidance for Federal Contractors Over Vaccine Mandates

An executive order could require federal construction contractors to implement a vaccine mandate on all federal jobs; however, recent court challenges make following the standard tricky, especially from one contract to another.

2022-02-01T14:15:34-05:00February 1, 2022|Categories: Construction and Real Estate, Government Contracting|Tags: , |
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