GOP-Controlled House Passes Second Phase of Tax Reform Bill
On September 28, The Washington Post reported that House Republicans were able to pass the second phase of tax reform that would include making individual tax cuts from last year’s bill permanent and extending deductions for certain business owners. Under the bill, the rate reductions for individuals and the doubling of the child tax…
Major Tax Breaks for Foreign Entities Selling U.S. Real Estate Interests
There are many foreign investors, including individuals and corporations, who invest in the U.S. real estate market. There are several taxation provisions that govern the sale of foreign-held investment properties. The Protecting Americans from Tax Hikes Acts of 2015 (PATH) contains provisions which direct how real estate profits are taxed, and created exceptions when the…