Get expert tax and accounting help!Call(212) 641-0673

Blog

Expert Tax & Accounting Insights — Page 17

Stay informed with the latest tax strategies, accounting best practices, and financial insights from our team of experienced CPAs.

Page 17 of 57

Browsing all posts: Page 17 of 57

How Far Back Can You Do a Cost Segregation Study?
April 17, 2025Tax Strategy & Planning5 min read

How Far Back Can You Do a Cost Segregation Study?

Cost segregation studies are a powerful tool for real estate investors, allowing them to accelerate depreciation on certain components of a property and reduce taxable income. But one common question that arises is: How far back can you perform a cost segregation study? The short answer is that you can apply a cost segregation study retroactively, sometimes going as far back as 15 years after the property acquisition.

April 17, 2025Tax Strategy & Planning5 min read

Is It Worth Doing a Cost Segregation Study?

If you own a commercial property or a residential rental, one tax-saving strategy you’ve likely heard about is cost segregation. But is it really worth doing a cost segregation study? In most cases—especially with high-value properties or sizable portfolios—the answer is a clear yes.

April 14, 2025Tax Strategy & Planning5 min read

What is a Conservation Easement?

A conservation easement is simply a legal agreement that limits specific kinds of development or land use in order to preserve the natural and agricultural as well as scenic qualities of a property. It is true that it restricts future changes to the land.

April 14, 2025Tax Strategy & Planning5 min read

How to Remove a Conservation Easement from Your Property

Removing a conservation easement from land is not like deleting a document or changing a name on a lease. It should be noted that it is a legal process built to be difficult, particularly in the case of perpetual easements. Such restrictions are meant to last forever. There is a reason for this. Yet, situations change—land use priorities shift, and a landowner might begin wondering whether conservation easement removal is even possible.

April 14, 2025Tax Strategy & Planning5 min read

What is an Example of a Conservation Easement?

A conservation easement might sound abstract until it is seen in action. The concept becomes bright through a simple example—a piece of land, a purpose to protect it, and a legally binding agreement in order to preserve it.

April 14, 2025Tax Strategy & Planning5 min read

What Are the Downsides of a Conservation Easement?

Conservation easements sound promising—tax benefits and land preservation alongside a legacy that lasts. Yet, that promise usually arrives with trade-offs. What a conservation easement limits should be recognized—not just what it offers—is critical before committing to one.

Are Conservation Easements a Good Investment?
April 14, 2025Tax Strategy & Planning5 min read

Are Conservation Easements a Good Investment?

Conservation easements often generate buzz among investors searching for land-based opportunities. Such legal agreements restrict the development rights of a property in order to preserve its natural or scenic value—yet might they be considered a viable investment option?

Can You Take Your Land Out of a Conservation Easement?
April 13, 2025Tax Strategy & Planning5 min read

Can You Take Your Land Out of a Conservation Easement?

A conservation easement limits future development on a property in order to preserve its environmental or scenic as well as its agricultural value. The goal is to keep the land intact—generally forever. But what happens if priorities shift? Or does the intended purpose no longer apply? Can land be taken out of a conservation easement?

What is an EIN Number?
April 2, 2025Tax Strategy & Planning5 min read

What is an EIN Number?

An Employer Identification Number (EIN) is a unique tax identification number assigned by the Internal Revenue Service (IRS) to businesses operating in the United States. Often referred to as a Federal Tax Identification Number, an EIN is used by the IRS to track a business’s tax obligations and ensure compliance with federal regulations.

April 2, 2025Tax Strategy & Planning5 min read

Can I Put My EIN Number on the W-9 Instead of My SSN?

Yes, using an EIN on a W-9 form instead of your Social Security Number (SSN) is a common practice that can help protect your privacy and add credibility to your business. However, there are specific scenarios where using an EIN is appropriate and others where an SSN may still be required. Below, we’ll explore when you can use an EIN on a W-9 and the advantages of doing so.

April 2, 2025Tax Strategy & Planning5 min read

Should I Get an EIN or LLC First?

When starting a business, one common question entrepreneurs face is whether to obtain an Employer Identification Number (EIN) or form a Limited Liability Company (LLC) first. The recommended approach is to form your LLC first, as having an official business name is necessary when applying for an EIN. Below, we’ll explain why this order is important and how it benefits your business setup.

April 2, 2025Tax Strategy & Planning5 min read

How Much Does It Cost to Get an EIN?

Applying for an Employer Identification Number (EIN) is a crucial step for businesses, but many entrepreneurs wonder about the associated costs. The good news is that obtaining an EIN is completely free when you apply directly through the Internal Revenue Service (IRS). Below, we’ll explain the process and highlight potential fees you may encounter if using third-party services.

Contact us anytime

Ready to get started?

Please fill out this form and someone will get back with you shortly. We are available in the evenings and on the weekends for your convenience.