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Tax strategies like Section 1031 exchanges and qualified opportunity fund investments can help real estate and construction professionals defer taxes and even exclude some income from tax altogether. Here’s how.

February’s tax policy updates are here, and our tax policy specialists break down the month’s top news and developments from Congress, the IRS and Treasury, and the courts.

Final regulations under IRC Section 987 have firmed up the “foreign exchange exposure pool” method for calculating and recognizing foreign currency gains and losses of non-U.S. business activities operating as “qualified business units.” This article reviews the process.

The Real Estate and Construction Essentials webinar series provides technical updates, brings awareness to new technology solutions, and highlights strategies for your success.

On February 1, U.S. President Trump signed four executive orders introducing tariffs on imports from Mexico, Canada, and China, scheduled to go into effect on February 4. Following last-minute negotiations, tariffs on Canadian and Mexican goods were delayed for one month.

A big tax benefit from 2017’s TCJA began phasing out at the end of 2022. The 100% bonus depreciation continues downward with qualifying property getting 80% for 2023, 60% for 2024, and now 40% for 2025.

Our tax policy specialists bring you the top news, keeping you up to date on the major tax policy developments happening in Congress, the IRS and Treasury, and the courts.

Uncertainty about the future of tax legislation has made M&A-related negotiations and structures more complicated. Despite not having clarity about the contents of future legislation, there are still ways for buyers and sellers to meet their respective goals.

IRS notices denying part or all of a claim for the employee retention credit or demanding repayment of a previous refund require thorough responses and allow only days to provide them. Learn more about these tight deadlines.

The original law for Michigan’s flow-through entity tax election had some administrative issues that were addressed by a bill signed into law on January 17. Our Michigan state tax specialists walk through these changes and what they mean for taxpayers.