Name: William Crane
Title: Tax Partner
Company: Ercolini & Company, LLP
Location: 101 Arch St., Ste. 300, Boston, Mass. 02110
Birthplace and year: South Weymouth, Mass., 1956
Family: Wife, Lisa; children: Casi, Cory, Alyssa, Kellie-Anne
College: Northeastern University, BS, Accounting & Finance; Bentley College, MST, Taxation
First job in finance or allied field: Cohen & Garshlak CPAs, staff accountant
What do you do now and what are you planning for the future? My focus as a tax partner is income planning and tax research for clients - investment and estate planning.
Hobbies: Golf
Favorite book: "The Greatest Game Ever Played"
Favorite movie: "Field of Dreams"
Key to success: Work hard
If you had to choose another vocation what would it be? Pilot
Manchester, NH Most multifamily renovations start with a standard stack: a few floor plans that are copy/pasted up multiple floors. Rendezvous on Elm began somewhere else entirely. 27 residences, 27 different floor plans, and a $10 million project built around the idea that a boutique building should feel boutique, from each angle and for every resident.
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
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.
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
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.