Tax Considerations in Real Estate Conveyances

Buckingham Attorney Nicholas T. George recounts a recent matter in which he was able to help a client avoid substantial taxes in a real estate conveyance. I thought I would share with everyone the following information.  Recently I represented a
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Ohio Board of Tax Appeals May Accept Property Valuations Not Previously Presented to the Tax Commissioner

In WCI Steel, Inc. v. Testa, the Ohio Supreme Court recently held that a taxpayer is allowed to introduce a new property valuation or appraisal at the Board of Tax Appeals (BTA) not previously presented to the Ohio Tax Commissioner.
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New Market Tax Credits, Part II

  Attorney Neil Bhagat presents a follow-up to his Introduction to New Market Tax Credits:              Recently, Bloomberg Markets Magazine published an article criticizing the use of New Market Tax Credits (NMTCs) to finance commercial real estate developments.  In particular,
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An Introduction to New Market Tax Credits

Buckingham attorney Neil Bhagat provides the following introduction to New Market Tax Credits:             New Market Tax Credits (NMTCs) are an increasingly utilized strategy for encouraging economic development in struggling areas.  At its core, the program allows investors to receive
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