News: Finance

Magyar named tax director at G.T. Reilly & Co.

According to Anthony Smeriglio, president and managing director of the public accounting firm of G.T. Reilly & Co., Carol Magyar, CPA, MST, has been named a tax director of the firm. Magyar joined the firm in 1984 after 10 years of combined experience in public accounting and private industry accounting. Magyar is a CPA and holds a Master's of Science degree in Taxation from Bentley College and a Bachelor's degree from Northeastern University. Magyar is a member of the American Institute of Certified Public Accountants and the Mass. Society of Certified Public Accountants. Among other memberships and activities, she is a member and past president of the Norfolk and Plymouth Estate and Business Planning Council. Magyar has experience working with tax-related issues of privately-held business, non-profit organizations and individuals, and she is particularly experienced in consulting in the area of estate tax planning. She has been employed by the firm for 25 years.
Tags: Finance
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The focus on price per s/f compared to the  comparable sales used in the appraisal report - by Dennis Chanski

The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski

Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
Are appraisers on the same page as the assessor? - by Richard Seman

Are appraisers on the same page as the assessor? - by Richard Seman

The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.
Massachusetts real estate transfers  over $1 million face new tax rules as of November 1st - by Daniel Meyer

Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer

Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4