We work closely with our client's real estate counsel to provide comprehensive real estate tax planning services.

We advise our clients regarding the proper choice of real estate business entity, a choice that is crucial in obtaining favorable tax treatment.  We assist in designing the business entity to meet the client's business needs, using special allocation and other techniques to accomplish goals.

We help clients identify and realize tax saving opportunities related to the acquisition, development, operation and disposition of real estate.  For example, formal cost-segregation studies acceptable under IRS standards may permit a taxpayer to depreciate property components that are not part of a building structure over shorter time periods.

In a difficult real estate market with declining property values and rents, debt financing, refinancing and debt cancellation become significant issues.  We work with our client's accouting and financial advisors, banks and other funding sources to coordinate the business aspects and resulting tax consequences of property financing transactons.

Clients can benefit from IRC Section 1031 that allows for the tax-free exchange of property that is sold and replaced with new property.  We guide clients and their real estate professionals through the statutory and regulatory requirements that grant tax-free treatment. 

Real property taxes are a major concern of New Jersey real property owners, and we compliment our real estate tax planning practice by offering representation before municipal and county taxing authorities with respect to real property taxes issues, including valuation, special use and available exemptions.

 

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