David Thaw

Vice President, Gumbiner Savett Inc.

  • Taking Advantage of Tax Provisions

    By David Thaw, Gumbiner Savett

    New legislation providing tax incentives for small businesses signed into law by President Obama includes a number of significant tax provisions for businesses to aid in the U.S economy's recovery. The Small Business Jobs Act of 2010 allows businesses to immediately write off much of the cost of capital investments, instead of having to depreciate them over a period of time.

    National 01 December 2010 16:05
  • Real Estate Tax Planning for 2010: Dealing with Distressed Assets

    By David Thaw, Gumbiner Savett Inc.:
    There are a number of options when it comes to dealing with non-performing assets, and much of it depends on the status of the property. The loan may be heading for default or the owner may have already completed a workout with the lender. No matter what the action, it is prudent to consider the tax consequences to ensure that your choice provides the best outcome in the long run.

    National 03 November 2010 07:34
  • The Carried Interest Debate: Legislation That Threatens the Real Estate Industry

    By Richard Parent and David Thaw, Gumbiner & Savett Inc.:
    On June 24, 2010, the Senate failed to pass the House-approved American Jobs and Closing Tax Loopholes Act (H.R. 4213), which was the legislation that, in part, proposed to change the way carried interest is taxed. Whether some version of the carried interest legislation will be voted on in the Senate this year is uncertain.

    National 01 September 2010 05:10