Real Estate/Contractors
In addition to traditional services such as tax planning and income tax return preparation, compliance, audits and reviews,
we provide a broad range of special services to our real estate clients, including the following:
- Compilation of forecasts and projections for syndication
- Restructuring of multiple real estate entities to exploit passive loss rules
- Assistance with real estate acquisitions and related entity selections, including consultation on the formation of LLCs
- Specialized advice on issues in all aspects of partnership taxation, including 704(b) allocations, allocation of liabilities,
receipt of partnership interests for services, disguised sales, etc.
- Expedited K-1 preparation service to ensure prompt delivery of partnership, S Corp., and LLC income tax returns
- Consultation on accounting systems and integration with various realty management software packages. We serve clients
using MRI, Skyline, SBT, Timberline, MAS-90, Platinum, Open Systems, Navision and others.
- Percentage rent audits and HUD audits
- Structuring of like-kind exchanges, Starker trades and reverse swaps
- Depreciation planning for constructed buildings (cost allocations)
- Valuation of real estate through discounted cash flow analysis
- Analysis of mortgage foreclosures and reacquisition
- Review of leases and lease structuring from both the landlord and tenant perspective to maximize tax benefits
- Structuring of low income housing credit, rehabilitation credit, and certified historic structure credit (including facade
easements) deals
- Analysis and minimization of capitalized interest and other expenses on constructed buildings
- Litigation support and expert witness testimony
If you would like to speak with a member of our real estate services team, contact Mike Kovacs or Kal Shiner at 312/670-7444.
