Historic Easement Charitable Deductions

Overview

This strategy uses Historical Preservation Easement – IRC 170 (h), to Create Tax Savings Through Charitable Deductions While Building Communities.

Solution  Detail

• NOTE: Limited Historical Preservation Programs Available Each Year (Average 3)
• 2.5x Maximum Deduction
• 50% Offset of Adjusted Gross Income
• $100K Minimum Contribution
• 7% Cumulative Preferred Return
• 80% Distributive Income until the return of contribution
• Liquidation of fund in year 6
• Strategy Presentation Meeting – 30 minutes via Zoom
• Due Diligence Materials sent by the Program Sponsor for client review
• Analysis of Benefit – Illustration Provided, 48-hour turnaround
• Program Engagement/Contribution Made, 24-hour turnaround
• Confirmation of Contribution delivered by the Program Sponsor
• Program Sponsor to send K-1 Statement anticipated in March

Target Use Case(s)

• Accredited Investor – $200K Income for 2 years or longer OR $1M Net Worth Independent of Personal Residence.
• Minimum Contribution – $100K

Referral Compensation

• TaxWealth’s $5,000 Analysis Fee is not subject to referral compensation splits.
• Based on TaxWealth’s Flat Fee Compensation Schedule for Tax Strategy Engagements. For Alliance Partner:  50/50 Split of the TaxWealth Planning Fee
• 8% Strategy Partner Referral Compensation of the total contribution is paid to TaxWealth.  Funds are distributed 10 business days after TaxWealth receives referral compensation. For Alliance Partner:  60/40 Split of Referral Compensation in favor of the Alliance Partner.
• NOTE: If TaxWealth Receives a simple introduction and completes all the work of analysis, education, document collection, and strategy implementation, the Referral Compensation Split will be 20% to the Alliance Partner.
• Any Advisor or Client Referral from the TaxWealth Alliance agrees to these terms unless otherwise stated.