By Cynthia WuAs a tax attorney, a friend of mine has reached out for advice on a real estate transaction. Here's what they asked: You own real estate and want to avoid taxes on

By Cynthia WuKnowing I am a tax attorney, a friend of mine has written to me seeking guidance on a real estate transaction. Here is the message:"You have a real estate holding that

Editor: Cynthia WuTaxpayers are required to file an income tax return to report their taxable income by April 15th following the end of the calendar year and to pay any tax owed by this

Editor: Cynthia WuFBAR is an acronym for the Report of Foreign Bank and Financial Accounts. Under the Bank Secrecy Act, U.S. persons are required to file FinCEN Form 114 (FBAR) if they have

By Cynthia Wu Reassessment and Change of OwnershipRegular transferA “change in ownership” means a transfer of a present interest in real property, including the beneficial use thereof, the value of which is substantially equal