Coolidge Wall Co., L.P.A. has received first-tier metropolitan ranking in eight practice areas by U.S. News & World Report and Best Lawyers in the 2018 “Best Law Firms” list. Achieving a tiered ranking signals a unique combination of quality law practice and breadth of legal expertise among ranked law firms. The eight areas for which the firm received first-tier ranking are Corporate Law; Real Estate Law; Banking and Finance Law; Commercial Litigation; Employment Law – Management; Labor Law – Management; Litigation – Labor & Employment; and Litigation – Real Estate. To be eligible for a ranking, a firm must have …
Real Estate and the Tax Bill
On December 22, 2017, President Donald Trump signed into legislation the Tax Cuts and Jobs Act. Of importance, the bill repealed and/or limited many deductions for individuals, such as implementing a $10,000 cap on deductions for state and local taxes, which includes property tax. This cap, however, does not apply to state and local taxes paid while carrying on a real estate trade or business. The change has led to a spell of homeowners hurrying to prepay their property taxes in order to take the deduction when filing their taxes in April of 2018. Outside of the many changes which …