Residential Real Estate – A 2023 Snapshot

2023 has been a challenging year for residential real estate and everyone is eager to guess, anticipate and predict what 2024 will bring. Without a crystal ball and a magic wand, it is hard to anticipate and change what will happen next year but before we move into the future, it is important to see where we are in December of 2023 and utilize this information to guess what might occur in the new year. Residential interest rates in 2023 have been the focus of everyone’s attention as this is a key factor in evaluating the economy. In December of 2022, the interest rate for a thirty-year residential mortgage averaged about 6.33%. The latest numbers reported that the average interest rate is 7.03%. The good news is that this average is actually lower than interest rates in the proceeding weeks and months. Similarly, fifteen-year fixed mortgage rates which averaged 5.67% in December of 2023

Cryptocurrency Case Law: What Accountants Need To Know

By Eric P. Rothenberg, Esq. – (Published Article) For many years now, I’ve written articles and spoken on cryptocurrency taxation to lawyers and accountants. The first case, “Kraken I”, was decided August 8, 2022, and the second case, “Kraken II” was just decided on June 30, 2023. While Kraken II is really all about each side (the IRS and Kraken) arguing what information must be provided to the IRS to comply with the summons, it also offers keen insight into the thinking behind IRS decisions and regulations. You may read the entire published article here (Published Article)

1031 Exchanges and Vacation Homes – What you need to know.

With it being vacation season when many people gather with families and friends at their vacation property, owners often wonder what they can do to address the tax ramifications of their vacation property should they decide to sell. Vacation property, especially those on Cape Cod and other high demand vacation spots, appreciate quickly and with that owners become concerned about the capital gain tax consequences upon the sale of the property. In other instances, real estate investors want to consider using proceeds from the sale of investment real estate to acquire a vacation or second home, utilizing the profits from the sale to defer the taxes. Over the last forty years, there has been some changes as to whether vacation property could be subject to a 1031 exchange – this article will detail the history and the state of the law in 2023 on vacation property 1031 exchanges so that

Estate Planning Pop Quiz

Posted by Robert L. Arone August means school is back in session or just around the corner, signaling the return of new school supplies, homework, and pop quizzes. Try your hand at this estate planning pop quiz to see if your knowledge of estate planning makes the grade. Question #1: True or false? The only people involved in an estate plan are the client and the estate planning attorney who drafts the documents. Answer: False. Many advisors such as financial planners, certified public accountants (CPAs), and insurance agents play an important role in the estate planning process. For example, one of the first steps in creating an estate plan is understanding what property the client owns. This may include tangible property such as real estate, vehicles, and collectibles, as well as intangible assets such as retirement accounts and insurance policies. A client’s advisors can help the estate planning attorney understand everything the client owns

Your Role in a Client’s Summertime Family Gathering

Posted by Robert L. Arone Along with warmer weather and lazy days spent at the pool, summertime also often includes a family gathering, such as a Fourth of July barbecue, a family vacation, a reunion, or time spent at a family cabin or lake house. Whatever the form, in our always-on-the-go society, getting the whole family together is a rare occurrence. Clients should take advantage of this time together to discuss their estate and financial wishes with their families. As an advisor, you can help facilitate and encourage this discussion in the following ways. Meet Your Client’s Trusted Decision Makers Now You can encourage a client to discuss their estate and financial plans with their family by offering to meet with your client and their trusted decision makers now. Clients often select adult children to act in trusted decision-making roles, such as a successor trustee, executor or personal representative, or

Articles

Residential Real Estate – A 2023 Snapshot

Cryptocurrency Case Law: What Accountants Need To Know

1031 Exchanges and Vacation Homes – What you need to know.

Estate Planning Pop Quiz

Your Role in a Client’s Summertime Family Gathering

How Can We Help?

© 2025 by Orsi Arone Rothenberg Turner, LLP. All rights reserved.

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Articles

Residential Real Estate – A 2023 Snapshot

Cryptocurrency Case Law: What Accountants Need To Know

1031 Exchanges and Vacation Homes – What you need to know.

Estate Planning Pop Quiz

Your Role in a Client’s Summertime Family Gathering

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How Can We Help?

© 2025 by Orsi Arone Rothenberg Turner, LLP. All rights reserved.

Attorney Marketing by Bardorf Legal Marketing

Have A Question?