Federal Taxes Affecting Real Estate

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Here's true one-stop shopping! Volumes 1 and 2 provide 30 chapters examining all of the Federal tax ramifications of real estate transactions, replete with dozens of hypothetical examples, tax planning tips, caveats and more. Volume 3 contains over 100 legal forms and agreements for use in handling all types of real estate transactions, along with 13 practice checklists. Perfect not only for tax practitioners, but for everyone else involved in the real estate industry: lawyers, developers, brokers, management companies, lenders, etc.

Volume 1

Thirty chapters cover:

- Acquisition and development of real estate
- Operating and leasing property
- Depreciation and tax credits
- Installment sales
- Sale-Leasebacks
- Dispositions by involuntary conversion, abandonment, condemnation and casualty
- Like-kind exchanges
- Personal residences (including home office and vacation homes)
- Dealer vs. investor status
- Subdivision and tract development
- Financing commercial real estate transactions
- At-risk rules
- Ownership of property through corporations, partnerships and LLCs

Volume 2

- Ownership of property through corporations, partnerships and LLCs
- REITs, REMICs, condos and co-ops, FASITs
- Financing commercial real estate transactions
- Foreign investment in U.S. real estate
- Estate planning issues
- Valuation of real property interests
- Activities not engaged in for profit
- Accounting methods
- Alternative minimum tax
- Professional responsibilities and practice before the IRS
- IRS Enforcement and guidance

Volume 3

Thirteen practice checklists provide step-by-step guidance on how to: draft deeds, sales contracts, leases, mortgage documents; handle a closing; represent a broker that is leasing or selling units in a development; conduct an environmental site assessment; question a seller or landlord about the environmental condition of the property, and much more!

You'll also get over 100 legal forms and agreements for use in: (a) sales and exchanges; (b) creating and operating real estate entities, like partnerships and LLCs; (c) leasing; (d) environmental concerns in real estate transactions; and (e) development and subdivision.

Also includes subject matter index, tables of cases, IRC sections, etc.

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