Real estate clients have very specific concerns that need to be addressed. When building or developing a property, the entity formation process will have lasting tax implications. This is also true when selling properties, updating or repair work or literally any other type of change. It’s important to be aware of all tax effects, since there is usually more than one way to structure or manage real estate deductions, investment or transactions.
Even one-off partnerships that own single buildings have important questions and often request our guidance regarding interest limitations, tax rewards or consequences. For large transactions, clients don’t always know the tracking or what happens with the tax. Managing these sizable transactions really matter to the owners because it revolves around a big tax bill.