The people behind the
great ideas at MWE.
Scott O’Sullivan, CPA - Partner
Scott O’Sullivan has over 15 years of experience in real estate tax planning, deal structuring, tax accounting, and partnership taxation. At MWE, he is involved with different facets of real estate including acquisitions, financing, debt restructurings and modifications, 1031 exchanges, energy and sustainability related incentives, rehabilitation tax credits, cost segregation studies and other transactions and planning on behalf of prominent real estate developers, investors, property managers, nursing home owners and operators, and other diverse businesses. He joined MWE in 1996 as a senior tax accountant and became a partner in January of 2008.
A widely-recognized authority on real estate taxation, Scott has written several articles that were published in such publications as Real Estate Weekly and the MANN Report and has spoken at numerous events such as "Real Estate Repositioning: A Strategy for the New Economy” as well as the NYC Real Estate Expo; one of the largest events in the real estate industry. Other speaking engagements covered topics such as the impact of the Federal rehabilitation tax credit on NYC real estate, tax incentives within recently passed legislation that benefit owners of repositioned/retrofitted buildings; current trends in structuring leases to maximize tax deductions from both landlord and tenant perspectives; efficiency and solar projects for commercial properties; cancellation of indebtedness income; choice of entity; IRS regulations related to expense vs. capitalization of improvements to tangible property and related tax planning.
Scott holds a Bachelor of Science in Accountancy from Villanova University and a Master of Science in Taxation from Hofstra University. Additionally, he has successfully completed various real estate finance and investment courses at New York University’s School of Continuing & Professional Studies’ Real Estate Institute. He is a member of the American Institute of Certified Public Accountants (AICPA), the Long Island Real Estate Group (LIREG), CoreNet Global and the Pastoral Council of his local Parish. Scott lives in Point Lookout, New York with his wife Maureen and four children.
October 1, 2015: Avenues for Real Estate Tax Savings
November 7, 2013: Energy Efficient Retrofits and Renovations - Tax Incentives
January 19, 2011: Retrofits, Renovations, and Construction Projects - Tax Considerations
- Real Estate Developers Should Possibly Wait on Immediate Tax Law Response
- When Purchasing Loans, Look Beyond Dollars and Cents
- New Regulations Offer Rare Tax Boon for Real Estate Businesses
- Tax Savings Associated With Repositioning, Retrofitting And Greening Of Properties
- Expenditure Structuring in Connection with Tenant Leases
- January 15, 2021MWE Named a 2021 Forbes Best Tax & Accounting Firm
For the second year in a row, MWE was named a Forbes Best Tax & Accounting Firm in America.MWE was one over 170 firms recognized in both the tax and accounting categories out of 18,000+ tax & accounting firms.
- January 5, 2021COVID-19-Related Relief Is Signed Into Law
Updated: January 7, 2021 On December 27, 2020, President Trump signed into law the Consolidated Appropriations Act, 2021 (“The Act”).This was the fourth stimulus package passed in 2020 and comes after months of protracted negotiations.
- March 30, 2020Significant Tax Provisions of the CARES Act
On March 27, 2020 President Trump signed into Law the Coronavirus Aid, Relief, and Economic Security Act.The sweeping legislation gives substantial relief to business owners and individuals.
- March 24, 2020New York State Provides Limited Penalty Relief For Sales Tax Vendors
In the wake of declaring a State Disaster Emergency, New York Governor Cuomo has issued an executive order expanding the Tax Commissioner’s authority to abate late filing and payment penalties to also allow the Commissioner to abate interest on quarterly sales and use tax filings and remittances with a due date of March 20, 2020…
- March 20, 2020New Employment Tax Credits Under Families First Coronavirus Response Act
President Trump has signed into Law the Families First Coronavirus Response Act (FFCRA).The FFCRA requires that certain employers provide expanded paid leave and/or emergency family leave to certain employees.