Cherrytree Group Blog

Yelena Tsvaygenbaum

Yelena Tsvaygenbaum serves as Corporate Counsel for the Cherrytree Group.

Recent Posts

Interview with Melinda Sokoloski, Owner and Lead Photographer of MSAerial

[fa icon="calendar'] Dec 14, 2015 11:19:00 AM / by Yelena Tsvaygenbaum posted in tax credit case study

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New IRS Guidelines Provide Additional Tax Planning Strategies to Real Estate Professionals

[fa icon="calendar'] Mar 21, 2014 11:54:00 AM / by Yelena Tsvaygenbaum posted in Historic Rehabilitation Tax Credit, Investment Tax Credit, federal tax credits, IRS Guidelines

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Special To Banker & Tradesman

     The Federal Historic Preservation Tax Incentive Program, which was established in 1976, promotes historic preservation by encouraging private entities to rehabilitate historic buildings, turning underutilized or even abandoned buildings to vibrant offices, rental units or retail stores. The tax incentive provides private investors with a tax credit in the amount of 20 percent of qualified expenses incurred rehabilitating historic structures, or 10 percent of expenses rehabilitating structures that are not deemed “historic,” but were built before 1936. According to the National Park Service, which administers the program in partnership with the Internal Revenue Service, tens of thousands of structures have been rehabilitated, representing billions of dollars of private investment.
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