Outright Gifting of Property Interests
From the donor's
perspective, the simplest alternative for transferring a family home to
children and grandchildren is to make outright gifts of real property
interests. In this Analysis, Nancy G. Henderson discusses gifting with the
In this Analysis, Patricia
Hughes Mills discusses the tax consequences when homeowners either lose their
homes due to foreclosure or are able to avoid foreclosure by loan modification.
Professor Mills includes a checklist of related questions for attorneys to ask
distressed homeowner clients. She...
Cases in Real Estate
is a weekly update on real estate law, with legal principles illustrated and
explained by lawsuits from around the country. The topics are wide-ranging for
appeal to a broad spectrum of readers including lawyers, homeowners, investors
and the general public. Andrea Lee...
By Patricia Hughes Mills J.D. LL.M
Subject to Internal Revenue Code and regulatory requirements, the method of accounting adopted by a taxpayer determines when items of income and expense are reportable for federal income tax purposes. Different accounting methods may apply for different businesses...
By Philip B. Korb, Wendi L. Kotzen, Christopher Jones, and Richard J. Slavin, Ballard Spahr LLP
Owners of tax-exempt properties in Philadelphia have begun receiving requests from the Office of Property Assessment (the OPA), required by City Council Ordinance 130123, to submit information to allow...