Exceed your business
Serving some of the region’s largest real estate companies has afforded us additional insight into the complex issues surrounding the industry.
Our extensive knowledge allows us to provide consultation beyond traditional accounting, auditing, and tax preparation and offer industry-specific advisory services designed to minimize risk and maximize profitability.
Understanding the interworkings of the real estate industry helps us give you results and personalized attention ultimately to improve your bottom line and expand your industry. We do this by exceling in the following:
Enacted on December 22, 2017, the Tax Cuts and Jobs Act, made several signiﬁcant changes to the tax code. One of these changes included a new tax incentive program, Internal Revenue Code Subchapter Z – Opportunity Zones, aiming to promote investments in designated low-income census tracts. Participating investors may beneﬁt from deferred and reduced capital gains, including zero tax on the appreciation of the investment at disposition.
All or a portion of realized capital gains is invested in these economically underperforming areas or “opportunity zones” either directly or through a Qualiﬁed Opportunity Zone Fund (QOF).
A deferral of the tax on realized capital
A 10% reduction of the tax if the investment is held for 5 years by December 31, 2026, or date of disposition, and an additional 5% reduction if held for seven years (15% total).
No taxable gain on the sale or exchange if investment is held for 10 or more years.
Under the traditional system, the investor would owe approximately $24 in federal tax (assuming 20% capital gains rate and 3.8% net investment income tax) compared to $20 if invested in a Qualiﬁed Opportunity Zone. *Rates are estimates and are subject to change. Please consult your tax advisor.
 Investors receiving gains on a K1 may be able to elect December 31 as the date of the gain, regardless of the date of the actual sale.