Tax Services for Real Estate Companies
The intersection of taxation and real estate is complex at every level – federal, state and local. From acquisition and development to divestiture, and at every step in between, we've helped companies facing your challenges manage their total tax cost, improve their compliance practices and develop comprehensive plans that integrate all of their tax concerns into holistic and effective tax strategies that support their successWhether you are a corporation, partnership, individual or alternative business entity, we have the knowledge and resources to help.
Our services include:
- Tax Compliance and Planning
- Tax and financial modeling for acquisitions and dispositions
- Cost segregation studies and analyses
- Real Estate Credits & Incentives
- Real estate 1031 Exchange planning
Most popular insights
Tax Planning Guide
Our Tax Planning Guide offers topical year-end and year-round tax planning help. Download this guide for an overview on everything from income, investing and charitable giving to retirement and estate planning, all updated with 2010's many tax law changes.
Partnerships with tax-exempt investors face a unique set of tax rules and traps for the unwary
A recent article in Businessweek reported that institutional investors surpassed publicly traded real estate investment trusts as the largest acquirers of domestic office buildings in the first quarter of this year and much of this new capital is coming from investors who are tax-exempt for tax purposes. Learn how partnerships and private equity funds with these types of investors trigger myriad tax rules.
Late election to aggregate rental real estate interests by real estate professionals
August 2011 - The Internal Revenue Code requires treating each rental real estate interest separately unless an election is made to aggregate the interests.
Property used as service station eligible for 15-year recovery period
August 2011 - The IRS concluded in Chief Counsel Advice 201123001 that a truck service center building did not constitute nonresidential real property with a 39-year recovery period for depreciation purposes, but rather a service station building with a recovery period of 15 years. The IRS's holding highlights the importance of taxpayers determining the primary use of assets when considering the appropriate asset classes and recovery periods.
Frequently asked questions on Bonus Depreciation
In March 2011, the IRS and Treasury issued Rev. Proc. 2011-26 to provide guidance on claiming 50 versus 100 percent bonus depreciation. Although Rev. Proc. 2011-26 overall provides taxpayer-favorable guidance, there are many nuances in the rules that have raised various questions regarding what exactly is eligible for 100 percent bonus depreciation. Fortunately, at the May ABA Tax Section meeting in Washington, D.C., Brandon Carlton, Attorney-Advisor with Treasury, addressed many of these questions. Follow the discussion.
