Cherry Bekaert: Real Estate & Construction Industry Guidance

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Cherry Bekaert

14 episodes

4 months ago

The Inflation Reduction Act (IRA) drastically changed the 45L Energy Efficient Home Credit (Section 45L) and the Section 179D Energy Efficient Commercial Buildings Deduction (Section 179D) quantities and requirements, thus allowing more opportunities for home builders and multi-family developers constructing energy-efficient homes to earn money back. As a result of the major changes in the Section 45L tax credit, there are new qualifications that businesses must meet to benefit from the energ...

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Episodes (14/14)

Cherry Bekaert: Real Estate & Construction Industry Guidance

How Real Estate and Construction Companies Can Take Advantage of the New Section 45L Tax Credit

2 years ago

19 minutes

Cherry Bekaert: Real Estate & Construction Industry Guidance

How New Prevailing Wage and Apprenticeship Requirements Impact the Real Estate & Construction Industry

On January 29, 2023, new requirements for prevailing wage and apprenticeship, as outlined in the Inflation Reduction Act of 2022 (IRA), went into effect. These requirements aim to create good paying jobs in the clean energy space by offering enhanced tax credits to participating taxpayers. The IRA is critical in providing good paying jobs through offering enhanced tax benefits for a range of clean energy and green energy projects to taxpayers. The Davis-Bacon Act ensures prevailing wages are ...

2 years ago

22 minutes

Cherry Bekaert: Real Estate & Construction Industry Guidance

What the Inflation Reduction Act Means for 45L

The Inflation Reduction Act (IRA) was signed into law in August 2022 and creates huge tax credit incentive savings for real estate and construction groups that prioritize clean energy. One tax provision of the IRA was the 45L Energy Efficient Home Credit. Mark Cooter, Cherry Bekaert’s Real Estate and Construction Practice Leader, invites Ron Wainwright, Strategic Tax Partner and Leader of the Firm’s Energy Tax Credits & Incentives Practice within the Tax Credits and Incentives...

3 years ago

21 minutes

Cherry Bekaert: Real Estate & Construction Industry Guidance

How the Real Estate and Construction Industry Benefits from the Inflation Reduction Act

The recently passed Inflation Reduction Act (“IRA”) on the 179D deduction is incredibly important and lucrative new legislation for the Real Estate and Construction industry. The 179D is a tax deduction to incentivize builders and building designers to create energy-efficient commercial buildings. The IRA increased the maximum tax deduction from $1.80 per square foot to $5.00 per square foot. Mark Cooter, Cherry Bekaert’s Real Estate and Construction Practice Leader, invites Ron W...

3 years ago

20 minutes

Cherry Bekaert: Real Estate & Construction Industry Guidance

OZ for Funds, Part 6: Panel Discussion: Opportunities & Pitfalls in Your Opportunity Zone ("OZ") Structuring

Join Jason Hoard, Tax Partner, as he moderates a panel of Cherry Bekaert professionals on the opportunities and pitfalls in OZ structuring. The panel will discuss a variety of topics including how an OZ investment will fit into your overall investment plan, the implications of withdrawing from a Qualified OZ fund, uncovering opportunities with debt including basis issues, and the benefits of carried interest. Listen to the other podcasts in our OZ Fund Series: Part 1 – Opportunity Zone Overvi...

4 years ago

24 minutes

Cherry Bekaert: Real Estate & Construction Industry Guidance

OZ for Funds, Part 5: Optimizing Alternative Capital Sources

Join Ron Wainwright, Partner and Leader of the Firm’s Credits & Accounting Methods practice, and Peter Byford, NMTC Program Senior Manager with Tax Advantage Group by Cherry Bekaert, for a discussion on capital formation. They will analyze the traditional OZ capital stack, highlight the potential synergy with New Market Tax Credits and other additional credits, and examine the implications of social impact investing. Listen to the other podcasts in our OZ Fund Series: Part 1 – Opportunity...

4 years ago

21 minutes

Cherry Bekaert: Real Estate & Construction Industry Guidance

OZ for Funds, Part 4: Meeting the Tests for a Qualified Opportunity Zone Business ("QOZB")

Join Michael Elliot, Tax Director, and Russ Nash, former Tax Senior Manager, for a deep dive on the five basic tests required for a business to qualify as a QOZB: A trade or business for which substantially all (70 percent) of its tangible property (owned or leased) is QOZB propertyAt least 50 percent of the business’s total gross income must be derived from the active conduct of a business in the QOZA substantial portion (40 percent) of the business’s intangible property is used in the...

4 years ago

15 minutes

Cherry Bekaert: Real Estate & Construction Industry Guidance

OZ for Funds, Part 3: Operating a Qualified Opportunity Zone Business

Join Daniel Metzel, Tax Partner, and Greg Davis, Tax Partner, for an overview of the requirements of establishing and operating a Qualified Opportunity Zone Business ("QOZB"). They will break down the intent of the final regulations, the pros, and cons of a one tier versus a two-tier structure, and the applicable testing restrictions. Listen to the other podcasts in our OZ Fund Series: Part 1 – Opportunity Zone OverviewPart 2 – Opportunity Zone Impact on Real EstatePart 4 – Meeting the Tests ...

5 years ago

14 minutes

Cherry Bekaert: Real Estate & Construction Industry Guidance

OZ for Funds, Part 2: Opportunity Zone Impact on Real Estate

Join Mark Cooter, Partner and Real Estate & Construction Industry Practice Leader, and Shannon Makosiej, Tax Senior Manager, for a discussion on how the newly released Opportunity Zone (“OZ”) final regulations impact real estate specifically. They will highlight the recent law changes finalized by the U.S. Treasury which resolve some ambiguity and provide clarity around issues such as the substantial improvement requirement, original use and triple net leases. Listen to the other podcasts...

5 years ago

14 minutes

Cherry Bekaert: Real Estate & Construction Industry Guidance

OZ for Funds, P1: Opportunity Zone Overview

Join Richard Schneider, Partner and Chairman of Cherry Bekaert’s OZ Task Force Team and Polly Hoxha, Senior Manager and Cherry Bekaert’s OZ Champion for Washington D.C., as they kick off our six-part series on the Opportunity Zone ("OZ") regulations which will address fund level topics. Our first podcast series focused on OZ investor incentives and provided insight on key topics that investors need to know. You can catch up with our Investor Series podcast here. Stay tuned for the...

5 years ago

14 minutes

Cherry Bekaert: Real Estate & Construction Industry Guidance

Opportunity Zone Series for Investors Part 4 of 4: Final post 10-year dispositions and how it affects investors

Join Ron Wainwright, Partner and Leader of the Firm’s Credits & Accounting Methods practice, and Jason Hoard, Tax Partner, for a discussion on what we’re seeing nationally with respect to Opportunity Zone ("OZ") investments, particularly in the light of COVID-19. They discuss how the current economic conditions have affected OZ investments and provide insight to possible relief. In addition, they will cover qualified opportunity fund exit strategies. This is the final i...

5 years ago

13 minutes

Cherry Bekaert: Real Estate & Construction Industry Guidance

Opportunity Zone Series for Investors Part 3 of 4: Key Inclusion Events

Part One of our Opportunity Zone (OZ) Series we provided an overview of the OZ incentives and Part Two discussed the capital gains tax incentives. In Part Three we dive into the triggering events that you should avoid in order to meet the guidelines under the OZ regulations. Join Cherry Bekaert’s Mark Cooter, partner, and Shannon Makosiej, senior manager, for a review of events that investors should avoid in order to keep the deferred gain deferred in a qualified opportunity fund (QOF)....

5 years ago

8 minutes

Cherry Bekaert: Real Estate & Construction Industry Guidance

Opportunity Zone Series for Investors Part 2 of 4: Eligibility of Gains and Timing of Investment

Part One of our Opportunity Zone (OZ) Series we provided an overview of the OZ incentives and discussed the final regulations of this program. Part Two will dive deeper into the capital gains tax incentives and the importance of timing as it relates to the rules of the program. Join Cherry Bekaert’s Catherine Bazley, partner, and Michael Elliot, director, for a conversation specifically for investors and when you should consider an OZ investment. They will also provide examples to further out...

5 years ago

10 minutes

Cherry Bekaert: Real Estate & Construction Industry Guidance

Opportunity Zone Series for Investors Part 1 of 4: What You Need to Know About the Final Regulations and an Overview of What is to Come

The Opportunity Zone (OZ) tax incentives provide investors with an opportunity to defer recognition of gains on sales of assets, permanently reduce a portion of the deferred gain to be recognized and permanently exempt any future gain with respect to reinvested proceeds. Join Richard Schneider, Partner and Chairman of Cherry Bekaert’s OZ Task Force Team and Polly Hoxha, Senior Manager, for a discussion on OZ incentives for investors. This is the first in a series of four podcasts highli...

5 years ago

7 minutes