Thursday Events
Historic Preservation Tax Incentive Program Primer Tonight at 7 p.m. at the Lafayette Avenue Presbyterian Church at 85 South Oxford Street, Timothy Gunn from the Trust for Architectural Easements will give a primer on the Federal Historic Preservation Tax Incentive Program. Learn about the tax benefits of making an easement donation. Call (212) 595-8367 to…
Historic Preservation Tax Incentive Program Primer
Tonight at 7 p.m. at the Lafayette Avenue Presbyterian Church at 85 South Oxford Street, Timothy Gunn from the Trust for Architectural Easements will give a primer on the Federal Historic Preservation Tax Incentive Program. Learn about the tax benefits of making an easement donation. Call (212) 595-8367 to register. Photo by nicolettesara.
Historic Districts Council Lecture
Today, the Historic Districts Council begins its fall lecture series, entitled “On the Town in New York: Historic Theaters and Bars of New York City.” Tonight’s lecture is “Comedy & Tragedy: Tales of Preserving the City’s Historic Theaters.” Scheduled speakers include preservationists and scholars Cezar Del Valle, Tony Robins and Susan Tunick. Advance reservations are required. Tickets can be ordered by calling the HDC office at (212) 614-9107 or by contacting lbelfer AT hdc DOT org. Thursday, 6:30 p.m. $15, $10 for Friends of HDC. The SoHo Playhouse, 15 Vandam Street, between 6th Avenue and Varick Street, Manhattan.
Walking Brooklyn Book Launch
Today, BookCourt in Cobble Hill hosts a reception with author Adrienne Onofri for her first book, Walking Brooklyn: 30 Tours Exploring Historical Legacies, Neighborhood Culture, Side Streets, and Waterways. Wine and refreshments will be served. Adrienne Onofri is a native New Yorker, licensed sightseeing guide, and freelance writer and editor. Thursday, 7:00 p.m. 163 Court Street. (718) 875-3677.
Edward Schwarzschild Book Launch Party
Tonight, celebrate the publication of Edward Schwarzschild’s second book, the short story collection The Family Diamond. Pete’s Candy Store hosts a reading and signing. Thursday, 7:30 p.m. 709 Lorimer Street. (718) 302-3770
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Isn’t it also the case that the deduction has to be amortized so the actual yearly tax benefit is far less than the literature from these organizations indicates? Maybe 1:42pm would comment on the financials of doing this. Btw, sorry about your audit — that sucks.
Be very carefull about applying for an easement. Many people in Brooklyn, (myself included) are now dealing with the expense and agrivation of an IRS audit for past years donations.
These were done within the letter of the law, but that has not prevented them from being targeted as an abusive tax shelter.
“A historic preservation easement is a legal agreement made between a property owner and a qualified charitable or governmental organization to protect in perpetuity a building’s historic exterior. By donating an easement, the owner promises not to change the outside appearance of the property without permission from the charitable or governmental organization. This commitment becomes part of the property deed and extends to future owners as well.”
I’m trying to consider all of the implications of this. I wonder if the charitable or government organization could make the owner have to do things to the exterior.
Is this a tax incentive or the selling of your rights?
Doesn’t Landmarks do this already?