Summer 1999, Vol 24, No 2

Abstract: The Internal Revenue Service (IRS) Restructuring and Reform Act of 1998 was signed into law by President Clinton on July 22, 1998. The law is far-reaching; multi-functional; surprisingly complex; and it affects a broad cross-section of taxpayers in a variety of significant ways. If real estate investors are to maximize after-tax profits and maintain appropriate levels of capital investment, they must have a working knowledge of the latest legislative changes that could impact their real estate income-producing activities.