Topic: Internal Revenue Service

IRS Rules on Real Estate Investment Trust Conversions – Do You Have The REIT Stuff?

“In recent years, there has been a considerable expansion of the types of companies holding non-traditional real estate assets that have elected to become real estate investment trusts for US federal income tax purposes.” (Laurence Crouch and Eileen O’Pray of Shearman & Sterling) For the right business, converting to a Real Estate Investment Trust (a… Read more »

IRS Tax Credit Guidance Is Welcome News to Renewable Energy Industry

“The American Taxpayer Relief Act of 2012 extended the eligibility of these [energy tax] credits for projects that begin construction before January 1, 2014. The types of projects included in this extension are wind, open-loop biomass, closed-loop biomass, geothermal, landfill gas, trash, qualified hydropower, and marine and hydrokinetic renewable energy facilities.” (Leonard, Street and Deinard)… Read more »