July/August 2008

7090 N. Marks, Suite 107   Fresno, CA  93711

| 559-431-8334 | www.cpawiebe.com
 

 

 

Can you believe that half of 2008 is already over?  So it is a good time to review your mid-year results and perform a tax plan for the balance of 2008 to strategize for a favorable outcome. 

Feel free to contact one of our partners today to set up an appointment to review your tax situation. 

The new green standard will help remodelers

The American Society of Interior Designers Foundation and the U.S. Green Building Council have released the nation\'s first sustainable residential remodeling guidelines. This article describes various aspects of the REGREEN program, including resources available on the REGREEN Web site and benefits of going green. A sidebar on IRS Notice 2008-40 offers information on the IRS\'s expanded advice about regulations that allow commercial building owners to deduct part or all of the cost of installing energy-efficient equipment.
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Turbulence in the real estate market -- What to do in the meantime

If the current real estate market is making it harder to sell your commercial property, beefing up your leasing strategies could help you weather the storm until the selling climate improves. This article offers statistics on vacancy and rental rates in various market segments, so you can see what\'s moving and what\'s not. Plus, it offers tips on structuring various types of commercial leases. A sidebar explores how an Internal Revenue Code Section 1031 exchange can help you trade up, while deferring taxes on the transaction.
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Thriving markets are out there -- You just need to know where to look

Commercial real estate developers and investors can still find market segments and geographic areas that continue to show promise. This article looks at some markets that you may have overlooked. For example, as families lose their homes due to the subprime mortgage crisis, they are flocking into the rental market. And the demand for industrial space continues to rise. The article offers some hope in an otherwise dismal real estate market.
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Tax credits reward low-income housing investors

Affordable housing is often viewed as a less-than-attractive investment option fraught with excessive government rules and regulations. But many developers and investors are finding that such potential headaches are offset by the financial rewards of the federal low-income housing tax credit program. This brief article explains how the program works.
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Ask the Advisor -- How will debt forgiveness tax relief ease the mortgage crisis?

The Mortgage Forgiveness Debt Relief Act of 2007, which became law last December, was enacted to help stem the snowballing foreclosure and economic landslide brought on by the subprime mortgage crisis. This article explains how the new law will provide relief to homeowners who receive debt forgiveness in a foreclosure or in a mortgage workout.
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This publication is distributed with the understanding that the author, publisher and distributor are not rendering legal, accounting or other professional advice or opinions on specific facts or matters, and, accordingly, assume no liability whatsoever in connection with its use. ©2008 REAja08