On June 11, the IRS released Proposed Treasury Regulations (the Proposed Regulations) under Section 1031 of the Internal Revenue Code, as amended (the Code), which provide a much-awaited definition of ...

The IRS has issued final regulations that define what property qualifies for Sec. 1031 like-kind exchange treatment (T.D. 9935). The new rules are necessary because the law known as the Tax Cuts and ...

When you purchase a home or piece of property, the tax you pay annually to local government for municipal services such as police and fire protection is often, fittingly, called property tax. Property ...

Home hunters, especially in an old city, may occasionally encounter a tantalizing prospect that is, confusingly, actually a commercial property rather than residential one. Such a candidate could be a ...

In a prior post from 2020, Money and Dirt covered an opinion from California’s Fourth Appellate District holding that an Assessor’s Parcel Number (APN), by itself, “does not necessarily demonstrate ...

CHEYENNE — Wyoming lawmakers on the Joint Revenue Committee moved Wednesday to statutorily define “residential property” as its own property tax class and give it the lowest assessed tax rate of 8.3%.