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Defer Tax with a Like-Kind Exchange

Do you want to sell commercial or investment real estate that has appreciated significantly? One way to defer a tax bill on the gain is with a Section 1031 “like-kind” […]

Five Talent Acquisition Approaches in a Competitive Market

The competition for talent is fierce these days. In any market, finding the right person for the right job is no simple task, and it requires an organized and well-reasoned […]

Considering a Life Insurance Policy?

Life insurance is one of many financial instruments out there. Its primary purpose is to provide a financial benefit to the dependents of the insured. I remember during my childhood, […]

Considerations When Converting Your Home into a Rental Property

In some cases, homeowners decide to move to new residences, but keep their present homes and rent them out. If you’re thinking of doing this, you’re probably aware of the […]

New Yorkers: Determining State Residency Can Have Substantial Tax Consequences

If you have been reading Berdon blogs regularly, you may be familiar with the importance of state residency for state income tax purposes. Determining residency matters because a resident is […]

Data Science: A Missed Opportunity for Real Estate

Many real estate firms, owners, and investors are missing out on the opportunity of leveraging the advantages of data science. Based on a 2019 KPMG PropTech Survey, only 25% of […]

Restricted Securities – FMV No Longer Discounted for Contractual Restriction

What’s New? Good news! We no longer need to factor in a contractual restriction prohibiting the sale of an equity security when estimating the fair value of that security. Let’s […]

Applying the Research Tax Credit Against Payroll Taxes

The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to eligible businesses. Claiming the credit involves complex […]

Is a Spendthrift Trust Right for You?

Do you have a loved one to whom you want to leave money or assets to but who may not be financially responsible? A spendthrift trust may be an appropriate […]