Cherrytree Group Blog

Changing the Game: The Future of Tax Credits

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

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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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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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