Zachary M. Nolan

Greenberg Glusker LLP

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Los Angeles "Mansion Tax" - Measure ULA, Its Impact on Property Owners, & Refunds

In November 2022, Measure ULA, commonly known as the "Mansion Tax," was passed into law by the City of Los Angeles voters. This tax applies to all categories of real estate, including commercial, industrial, and residential...more

4/27/2023 / IRS , Like Kind Exchanges , Property Owners , Real Estate Investments , Real Estate Transactions , Real Estate Transfers , Section 1031 Exchange , Tax Planning

IRS Further Extends Deadline for 1031 Exchanges Affected by the 2023 California Severe Winter Storms: Key Points You Need to Know

As a result of the severe winter storms, flooding and mud slides that began in California on January 8, 2023, on January 10, 2023, the IRS issued an initial extension of the 45- and 180-day deadlines for IRC §1031 exchange...more

3/13/2023 / Capital Gains , Internal Revenue Code (IRC) , IRS , Like Kind Exchanges , Section 1031 Exchange , Severe Weather , Tax Planning

IRS Extends Deadline for 1031 Exchanges Affected by the 2023 California Severe Winter Storms: Key Points You Need to Know

As a result of the severe winter storms, flooding and mud slides that began in California on January 8, 2023, the IRS has issued an extension of the 45- and 180-day deadlines for IRC §1031 exchange transactions. ...more

1/13/2023 / Capital Gains , Internal Revenue Code (IRC) , IRS , Like Kind Exchanges , Section 1031 Exchange , Severe Weather , Tax Planning

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