Riverboat Review: New IRS Ruling on Floating Casinos
By EsqSocial Corporation 23/01/17
In PLR 201628009, the IRS determined that a dockside casino barge and a moored riverboat constituted “real estate assets” for purposes of the REIT qualification test. The taxpayer requesting the ruling owned, operated, and developed casinos and...
By: Miles & Stockbridge P.C.