On July 4, 2025, President Donald J. Trump signed the One Big Beautiful Bill Act (the “OBBBA”) into law. Congress passed the OBBBA through budget reconciliation, a special legislative process that allows Congress to advance...more
7/9/2025
/ Alternative Minimum Tax ,
Base Erosion and Anti-Abuse Tax (BEAT) ,
Budget Reconciliation ,
Business Taxes ,
Corporate Taxes ,
Foreign Derived Intangible Income (FDII) ,
GILTI tax ,
Income Taxes ,
Inflation Reduction Act (IRA) ,
International Tax Issues ,
New Legislation ,
OECD ,
Oil & Gas ,
Popular ,
Qualified Business Income ,
Research and Experiment Tax Credit ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Legislation ,
Tax Reform
On July 1, 2025, a little over two weeks after the Senate Finance Committee released its draft tax title (the “Initial Senate Draft”), the U.S. Senate secured sufficient votes to advance its version of the “One Big Beautiful...more
7/8/2025
/ Business Income ,
Corporate Taxes ,
Foreign Investment ,
Internal Revenue Code (IRC) ,
Investors ,
New Legislation ,
Proposed Legislation ,
Real Estate Investments ,
REIT ,
Senate Finance Committee ,
Tax Liability ,
Tax Planning ,
Tax Reform
On June 16, 2025, the Senate Finance Committee released its draft tax title for inclusion in the Senate’s version of the budget reconciliation bill, known as the “One Big Beautiful Bill Act” (the “OBBBA”). While the Senate...more
6/19/2025
/ Budget Reconciliation ,
EBITDA ,
FDAP ,
FIRPTA ,
Foreign Corporations ,
Foreign Investment ,
International Tax Issues ,
Investors ,
New Legislation ,
Proposed Legislation ,
REIT ,
Senate Finance Committee ,
Shareholders ,
Tax Liability ,
Tax Planning ,
Tax Reform ,
Taxation
On September 12, 2024, the Department of the Treasury (the “Treasury”) and the Internal Revenue Service (the “IRS”) issued long-awaited proposed regulations (89 FR 75062) (the “Proposed Regulations”) on the application of the...more
Along with the broader market, real estate investment trusts (“REITs”) and publicly traded partnerships, frequently referred to as master limited partnerships (“MLPs”), have increasingly embraced the principles of...more
9/8/2023
/ Carbon Capture and Sequestration ,
Environmental Social & Governance (ESG) ,
IRS ,
Leases ,
MLPs ,
Partnerships ,
Private Letter Rulings ,
Qualifying Income ,
Real Estate Investments ,
REIT ,
Shareholders ,
Taxable Income
In a ruling that may impact real estate investment trusts (REITs) with leases that have percentage or contingent rent clauses, the IRS recently changed its prior position that rent paid under a formulaic rent escalation...more