Some handy summaries of the recently passed tax law:
From TheTaxBook (links to two pdf files)
Archive for June 5th, 2007
Posted by taxguru on June 5, 2007
The Perils of Holding Real Estate in a Corporation – Besides the never-ending question of what type of business entity is appropriate for a particular business activity, another important issue is how to hold title to business and investment assets. While, as with practically every aspect of taxes, there is no one size fits all answer to this, there is one key way in which to frame the question. Is the asset expected to increase or decline in value, because the real differences crop up with assets that will be sold at a gain.
Tax Guru - Ker$tetter Letter 