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Pros and Cons of Different Types of Real Estate Funds

Cherry Bekaert

Tax Advantages – REITs do not have to pay a corporate tax, so there is a higher available payout for investors. Pass-Through Deduction – 2017 tax reforms allow REIT investors to deduct up to 20% of combined qualified income, including qualified REIT dividends from income tax.

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Friday Footnotes: Ex-Deloitte Partner Stole Military Documents on His Way Out; KPMG Reveals Its Partnership Deed | 7.21.23

Going Concern

KPMG Rolls Out Generative AI to Tax Pros, Launches Audit Pilot [ Bloomberg Tax ] Inside KPMG, its tax professionals are leaning on generative artificial intelligence to help corporate tax departments prepare for new requirements to disclose their tax obligations by country.

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Louisiana Tax Relief Granted by IRS After Seawater Intrusion

CPA Practice

The tax deadline extension for Louisiana follows tax relief for several other states this year, including tax extensions for Maine and Massachusetts. John Bel Edwards to declare seawater intrusion of the Mississippi River as a Federally Declared Emergency. Corporate tax returns with original filing extensions of Oct.

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Some States Are Considering Shelving the Grocery Tax

CPA Practice

Almost all states have seen their budget surpluses grow in the past two years, thanks to federal COVID-19 relief funds and increasing corporate tax revenues as the economy recovers from the pandemic. Grocery taxes that remain are “there for a reason. Mississippi Lt. Efforts failed in several other states.

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