Cherrytree Group Blog

Opportunity Zones: By the Numbers

[fa icon="calendar'] Nov 14, 2018 10:16:09 AM / by Warren Kirshenbaum posted in opportunity zones, tax credit, Low Income Housing Tax Credit (LIHTC), Federal Tax Credit, state tax credits, o zone, OZ, tax reform

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In December, 2017, the Tax Cuts and Jobs Act of 2017, established Opportunity Zones by way of a provision of the Internal Revenue Code i.e Section 140OZ-2 (the "OZ Rules"). Pursuant to the OZ Rules, Treasury directed the individual states to designate certain census tracts as Opportunity Zones.

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Investment Tax Credit History and Future

[fa icon="calendar'] Jul 20, 2018 4:57:46 PM / by Samuel Kirshenbaum posted in ITC, Investment Tax Credit, Cherrytree Group, Federal Tax Credit, federal, Tax credits

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The investment tax credit permits businesses to deduct a specified percentage of certain investment costs from their tax liability, becoming a powerful tool that subsidizes business investment, thereby promoting the market.

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Sources of Passive Income

[fa icon="calendar'] Jul 13, 2018 3:43:41 PM / by Samuel Kirshenbaum posted in Passive Income, Tax credits, Cherrytree Group, Renewable Energy, Investment Tax Credit, federal tax credits, Historic Rehabilitation Tax Credit

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The most common form of wealth stems from active income, money earned from performing a service. This is capital made from but is not exclusive to jobs providing salaries, tips, or commission. But many times, the public hears of enigmatic stories about immense financial growth through various means of passive income.

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Changing the Game: The Future of Tax Credits

[fa icon="calendar'] Jul 13, 2018 3:03:51 PM / by Warren Kirshenbaum posted in Tax planning, tax credit, Cherrytree Group, warren kirshenbaum, family office, federal tax credits, Investment Tax Credit, Historic Rehabilitation Tax Credit, Passive Income, IRS Guidelines, Renewable Energy, Federal Tax Credit, Tax credits, opportunity zones

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These are exciting times in the tax credit world!  In addition to tax cuts, the 2017 Tax Reform brought about other significant changes, including “Opportunity Zones”, which are a new concept that can potentially link tax credit projects and capital gain deferrals in a single deal.

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Massachusetts Supreme Court Rules on Millionaire Tax Plan

[fa icon="calendar'] Jun 19, 2018 9:30:00 AM / by Samuel Kirshenbaum

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Monday, June 18, 2018 marked a huge judicial victory for Massachusetts businesses lobbyists and corporations. In a 5-2 decision, the state Supreme Court ruled against the imposition of a surtax on all incomes over $1 million dollars, thereby derailing a plan that would have raised the state income tax by 4 percentage points per dollar for those taxpayers earning above $1 million dollar. 

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June 2018

[fa icon="calendar'] Jun 18, 2018 3:57:08 PM / by Melina Ambrosino posted in Tax credits

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The Cherrytree Group is excited to announce that these will be our last few weeks at 233 Needham St, Suite 510. We have called this office home for nearly 8 years now, but we are excited for our next journey!

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Brownfields and Historic Tax Credit Extension

[fa icon="calendar'] Jun 18, 2018 3:25:19 PM / by Melina Ambrosino posted in Federal Tax Credit

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On May 31, 2018,  Massachusetts Governor Charlie Baker signed into law the $1.8 billion Housing Bond Bill (H.4536). Included in this bill is the 5 year extension of the Massachusetts Brownfields Tax Credit and Massachusetts State Historic Tax Credits

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Revitalization with tax credits: good for small businesses, good for the community

[fa icon="calendar'] Feb 19, 2018 8:31:57 PM / by Melina Ambrosino posted in Federal Tax Credit, melina ambrosino, warren kirshenbaum, Tax credits, Historic Rehabilitation Tax Credit

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Most towns in America have more than a few run-down, abandoned buildings. They sit as eyesores on Main Streets while the community watches — or tries to ignore them. They require too much time and investment to attract developers to restore them.

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Development Planning: Utilizing Incentives

[fa icon="calendar'] Nov 7, 2017 10:42:47 AM / by Melina Ambrosino posted in Brownfields Tax Credits, Federal Tax Credit, WinnDevelopment, The Kraft Group, Development Planning: Utilizing Incentives, Event, Gillette Stadium, melina ambrosino, warren kirshenbaum, larry curtis, brian earley, robert atwood

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BOSTON –  Over 50 Massachusetts developers, architects, attorneys and tax professionals gathered at Gillette Stadium to listen as industry leaders discussed the field of tax credit acquisition and syndication for historic preservation, renewable energy creation or remediation of contaminated land.

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Cherrytree closes on Massachusetts Historic Rehabilitation Projects

[fa icon="calendar'] Aug 31, 2017 2:40:37 PM / by Warren Kirshenbaum posted in Historic Rehabilitation Tax Credit

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BOSTON –Cherrytree Group, LLC, (“Cherrytree”) a Newton Massachusetts tax credit advisory firm has announced the closing and funding of two (2) historic rehabilitation projects in Massachusetts.  Cherrytree closed the state and federal tax credit equity financing of the projects using its Preserve & Renew (“P&R”) branded partnerships, which raised over $2 million in tax credit equity from individual investors.

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