Developing News: 2014

By now you have likely heard about the new tangible property regulations. These new rules, which were a decade in the making and are almost 400 pages long, are expected to affect every taxpayer that uses tangible property in its business.

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NOTE: The information in this post was updated on October 13, 2015. Read the update.

Many hotels, clubs, restaurants and similar establishments provide complimentary food,

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The link light rail is currently planned to expand, extending east into Bellevue with long-term goals of extending to Lynnwood.   With the expansion of the link light rail, some owners are finding themselves in unfamiliar territory: their property or a portion of their property is being taken under eminent domain.

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It’s no secret that the real estate market is heating up again. It’s easy to confirm this by the number of cranes I can see from Clark Nuber’s downtown Bellevue office.

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As our area continues to emerge from the economic downturn and our core locally based companies continue to add jobs to our community, new apartment and mixed-use developments are still a viable venture for real estate developers.

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NOTE: The information in this post was updated on October 13, 2015. Read the update.

Many owners of commercial or residential rental property in Washington are surprised to learn that they may owe business and occupation (B&O) tax to the state as a result of their rental activities.

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When was the last time you looked at your non-real estate holdings? If it has been more than a year (or you can’t remember), now is the time to dig out your statements and take a deeper look.

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For the past several months, CPAs everywhere have been patiently waiting to see if Congress would take action to extend the many tax savings provisions that were set to expire (and actually did) on December 31st.

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