Certified Public Accountants
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Real Estate E-News October 2013

This newsletter is published by RubinBrown’s Real Estate Services Group to inform our clients and contacts about relevant industry updates, legislation and accounting information.

IRS Issues Final Version Of Tangible Property Regulations

As released in a previous RubinBrown E-Focus Newsletter, these new regulations will apply to all forms of for-profit businesses and will require additional one-time filings effective for tax years beginning January 1, 2014. Taxpayers are asked to work closely with their tax advisors regarding proper compliance and elections to make.

For the full article, please click here.

RubinBrown’s Annual Apartment Statistical Survey

Our 2013 statistical survey has arrived! This year’s report highlights key 2012 operational and financial data from over 400 audited properties across 30 states. In summary, 2012 proved to be another prosperous year in the multifamily housing industry.

Please click here to read the Apartment Stats.

IRS Guidance On Historic Tax Credits Forthcoming

RubinBrown was in attendance at last week’s Historic Tax Credit Conference in Washington, D.C. to listen to the IRS’ Craig Gerson discuss the upcoming guidance on the federal historic tax credit program.

The issue is a top priority for the IRS and favorable guidance in the form of a revenue procedure that will provide a safe harbor is expected to be available in the coming weeks. RubinBrown will keep you posted when the guidance arrives!

RubinBrown Partner Featured In Latest Affordable Housing Finance Publication

Real Estate Partner-In-Charge Bryan Keller was recently published. His article addressing FASB’s proposed accounting changes for the LIHTC industry and investments in tax credit entities is featured in both Affordable Housing Finance’s latest magazine edition and on their website.

For the full article, please click here.

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