Madison Title Agency | Madison 1031 | LeaseProbe/Real Diligence | Madison SPECS

News & Notes
winter 2018

Greeting and Introduction Presented by Moshe Hildeshaim, Director of Operations, Madison SPECS
The Intricate Art of Forecasting NOI The Tax Horizon: Capitalizing On Opportunities by Working with a Trusted Advisor
By Daniel Kasten, CPA, CFO, MCRES
Given the new tax landscape, there is value to leverage a Trusted Advisor’s ability to listen, reason, imagine, and proactively solve issues in order to capitalize on the opportunities and diminish the risks and pains related to the Tax Cuts and Jobs Act. Read more...
 
The Intricate Art of Forecasting NOI The Tax Cuts and Jobs Act and IRC § 1031 Like-Kind Exchanges
By Lee David Medinets, Esq., Chief Counsel, MCRES
The centerpiece of the “Tax Cuts and Jobs Act” (PL 115-97, December 22, 2017, 131 Stat 2054), as finally enacted, is to reduce the maximum corporate tax rate from 35% to 21%. Read more...
 
The Intricate Art of Forecasting NOI Tax Cuts and Jobs Act: Changes to Depreciation
By:  Charles Tover, CPA, Tax Director, Madison SPECS and Ari Lasky, Madison SPECS
There are two significant changes within the hot-off-the-press, new Tax Cuts and Jobs Act that will affect many property owners Read more...
 
The Intricate Art of Forecasting NOI In the Matter of Emerson Properties, et als.
By Lee David Medinets, Esq., Chief Counsel, MCRES
California state taxes are determined by and collected by the California Franchise Tax Board (the “FTB”).  Taxpayers who disagree with a determination of the FTB can take an appeal to the California Board of Equalization (the “BOE”).  Read more...
 
The Intricate Art of Forecasting NOI Industry Spotlight – Focus on
Charles Tover

By Lee David Medinets, Esq., Chief Counsel, MCRES and its affiliates
News and Notes talks with Charles Tover,
Tax Director, Madison SPECS. Read more...
 
The Intricate Art of Forecasting NOI You Asked – Questions posed by and answered for Clients
This is a new column that will feature real questions submitted online by clients to Madison’s team of industry experts to answer. You asked. We answered. Read more...
 
The Intricate Art of Forecasting NOI Tedeschi v. Lake George Park Comm’n, 56 Misc. 3d 1219(A) (Sup. Ct. 2017)
By Isabel Baumgarten, Esq., Associate General Counsel, MCRES
Can a property owner add a dock to a common area or does that constitute violation of a community’s restrictive covenant? Read more...
 
The Intricate Art of Forecasting NOI Carrington v. Chicago Title Ins. Co., 2015 WL 6758365 (N.J. Super. Ct. App. Div. Nov. 6, 2015)
By Ira Karas, Esq., Counsel, MCRES
Does a title insurer have a duty to defend a lawsuit initiated against the insured based on an alleged agreement with the insured regarding title to the subject property? Read more...
 
 

a note from THE PRESIDENT
In a letter penned after the signing of the United States Constitution, Benjamin Franklin wrote “In this world, nothing can be said to be certain, except death and taxes”.

What that certainty is, at least with respect to taxes, lies in the provisions of the recently passed Tax Cuts and Jobs Act – the first major reform of the United States tax code since 1986. The new tax law introduces important changes that will affect you, individually, and your business in 2018. Changes to look out for personally include an increase of close to 50% in your standard deduction, a new $10,000 cap on the state and local tax deduction and a potential adjustment to your tax liability due to the new tax brackets and rates. On the business side, as a result of the reduced corporate tax rate from a maximum of 35% to 21% and the new limitations on net operating losses and net interest expenses, companies will be induced to review their corporate structure and accounting methods.

But how does this further affect the real estate owner and investor? In the pages of this newsletter, our own in-house experts weigh in to provide some clarity and guidance on the new tax law’s effects. We’re confident that you will find the information helpful as you navigate the particulars of how the new tax law impacts you and your business with your trusted advisors. We thank you for your continued business and will continue to be on the look-out for ways to better service your portfolio and transactional needs in 2018.

Itche (Joseph) Rosenbaum
 

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The material contained in this newsletter is for general informational purposes only. This information should not be construed as tax, legal, or other professional advice or opinion. You should consult qualified professional advisors to review your specific circumstances and action plan.