February 25, 2015

Wednesday’s Academic Roundup

By Shea Cunningham

Regulation and Liability of Credit Rating Agencies – A More Efficient European Law?, by Thomas M.J. Mollers & Charis Niedorf, ECRF 2014, 333-363. How Federal Tax Expenditures that Support Housing Contribute to Economic Inequality, by Henry Rose, Loyola University Chicago … Continue reading

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February 25, 2015 in Tax matters | Permalink | No Comments

February 23, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

Federal judge reprimands Wells Fargo for forged mortgage documents in connection with foreclosure in NY. Goldman Sachs, among others, argues to SDNY that it was wrongfully included in litigation over requiring mortgage customers to purchase force-placed insurance and taking kickbacks. … Continue reading

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February 23, 2015 in Tax matters | Permalink | No Comments

February 6, 2015

Friday’s Tax Roundup

By Shea Cunningham

United States Tax Court holds that properties acquired in tax lien sale by an LLC are not subject to capital gains rates, but rather income tax rates, because the properties are held primarily for sale. Real Taxes on Virtual Currencies: … Continue reading

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February 6, 2015 in Tax matters | Permalink | No Comments

January 28, 2015

Who Benefits from the Low Income Housing Tax Credit?

By David Reiss

HUD’s Office of Policy Development and Research has released a report, Understanding  Whom  the  LIHTC  Program  Serves: Tenants  in  LIHTC  Units  as  of  December  31,  2012. By way of background, The Low-Income Housing Tax Credit (LIHTC) Program provides tax credits … Continue reading

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January 28, 2015 in Tax matters | Permalink | No Comments

January 13, 2015

Housing Subsidies For Those Who Need Them

By David Reiss

The National Low Income Housing Coalition has posted Aligning Federal Low Income Housing Programs with Housing Need. The Executive Summary goes right to the heart of the matter: The number of renters in the United States has steadily increased since … Continue reading

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January 13, 2015 in Tax matters | Permalink | No Comments

January 24, 2014

Preserving Low-Income Housing

By David Reiss

NYC Mayor De Blasio announced an aggressive goal of producing and preserving 200,000 units of affordable housing over the next ten years. New York City will need to be as creative as possible to achieve this goal and will need … Continue reading

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January 24, 2014 in Tax matters | Permalink | No Comments

January 10, 2014

Tax Incentives for Sustainable Homeownership

By David Reiss

Harris, Steuerle and Eng have published New Perspectives on Homeownership Tax Incentives in Tax Notes. The report presents three tax reforms designed to promote homeownership that are fundamentally different from earlier proposals. Many of those earlier proposals would convert existing … Continue reading

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January 10, 2014 in Tax matters | Permalink | No Comments