2017 Tax Cut and Jobs Act: Issues and Impacts for the Real Estate Industry

For more information contact: Kelly R. Sweeney

Event Description

After much back and forth, the House and Senate both voted to pass the Tax Cuts and Jobs Act (Act), and the President signed the legislation into law on December 22, 2017. The changes made by the Act are arguably the biggest leap towards comprehensive tax reform of the Internal Revenue Code since 1986.

Join us for a lunchtime discussion of the issues and impacts for the real estate development and finance industry, including the following: 

  • Deduction for "qualified business income" 
  • Limitation on losses for taxpayers other than corporations 
  • Increased expensing, expansion of section 179 expensing 
  • Applicable recovery period for real property
  • Deductibility of Interest 
  • Recharacterization of certain gains in the case of partnership profits interests held in connection with performance of investment services 
     

PRESENTERS

Christine E. Bromberg
Partner
Robinson+Cole

Ms. Bromberg provides clients with practical advice and strategy regarding U.S. federal income taxes. Her practice has a particular emphasis on mergers, acquisitions, joint ventures, workouts (in and out of bankruptcy), recapitalizations, divestitures, and spin-offs, as well as all forms of capital-raising activities. Her clients include domestic and foreign corporations, partnerships, and limited liability companies, across a variety of industries and ranging in size from start-up businesses to multinational public corporations.

Stephen V. Alimonti
Senior Manager
Cohn Reznick

Stephen V. Alimonti, CPA, is a senior tax manager at CohnReznick.  He provides tax planning, consulting services, and compliance for a wide range of clients, including high-net-worth individuals, complex real estate partnerships, closely held businesses, and multistate entities.  He has advised partnerships and corporations regarding compliance and structuring related to their foreign investors.

Steve specializes in structuring sophisticated real estate partnership transactions, including advising clients on the Low Income Housing Tax Credit, as well as historic tax credits.


 

LOCATION

R+C Boston Office, One Boston Place 26th Floor Boston, MA, 02108

START TIME

01/30/2018 11:30 AM

END TIME

01/30/2018 1:00 PM