Real Estate
Premier Real Estate Consulting Services
Premier Real Estate Consulting Services
Operating in the real estate industry has special challenges with regards to tax laws, market conditions, regulatory environment, and the ever-changing shifts in technology. We specialize in the full life cycle of real estate including upfront deal structuring, helping you raise investor capital, managing your portfolio, and liquidating on exit.
Convergence works with a wide variety of real estate clients and has invested significant resources to meet the needs of this industry. Our real estate consulting group serves hundreds of real estate clients throughout the US including:
- Residential, commercial, industrial, retail, hospitality, flex, self-storage, and vacation rental properties
- Real estate sponsors, owners, developers, operators, investors, and construction
- Property and asset managers
- Family-owned and private equity ventures
Tax Compliance Simplification For Your Real Estate Properties
Tax Compliance Simplification For Your Real Estate Properties
All of our real estate clients require that we provide accurate and timely tax information to their investors, while alleviating as much burden on them as possible. With condensed filing deadlines and constant changes in tax law, traditional tax compliance methods increase the risk of errors. We have developed a comprehensive set of tax compliance solutions to help save you time and effort with:
- Faster delivery of IRS and State Schedule K-1 and K-3 packages to your investors through a secure web-based portal or through your internal investor relations department
- Capturing important investor data early in the compliance process to identify issues that require additional resources, such as transfers, buyouts, Section 751 reporting, etc.
- Managing all aspects of the entire workflow process through automation and technology
- Centralized data archiving for improved accuracy and quality control
From collecting data to building customized Schedule K-1 packages, our solution guides you through completing each component in the tax compliance process, helping you save time and resources.
Specialized Real Estate Consulting Services
Specialized Real Estate Consulting Services
Our real estate consulting group offers specialized real estate consulting services, such as:
- Acquisition due diligence, valuations, and purchase price allocations
- Deal structuring, financing, and Section 1031 like-kind exchange strategies
- Cost segregation studies to accelerate tax depreciation
- Business mergers, restructurings, and other changes in ownership
- Tax planning for business sales, redemptions, and liquidations
- Capital gain versus ordinary income planning techniques
- Carried interest calculations and analysis, along with waterfall and distribution structuring
- Complex partnership tax allocations, best practices, and consultation
- Dealing with IRS Bipartisan Budget Act (BBA) partnership audit procedures
- Troubled asset management, bankruptcy, and debt restructuring/cancellation under Section 108
- Involuntary conversions, condemnations, and casualty events
- Multi-state tax structuring, nonresident withholding, composite filings, along with Pass-Through entity (PTE) taxes and State and Local tax (SALT) limitation planning
- Identification of federal, state, and local tax credits and incentives
- Passive activities, At-risk, and real estate professional grouping rules
- US tax withholding for foreign investors, FIRPTA issues, and FATCA rules
- Property tax appeals, abatement, and personal property tax compliance service
- Qualified Opportunity Zones
Real Estate Tax Planning and Compliance Services
Real Estate Tax Planning and Compliance Services
In addition to our real estate consulting services, we also provide traditional accounting, auditing and tax services, such as:
- Federal, International, and State tax planning, modeling, and compliance
- Choice of entity planning and selection of tax accounting methods
- IRS and state tax audit and appeals representation
- Estate planning and wealth preservation
- Business succession planning
- Employee compensation and pension plans
- Insurance consulting
- Lease analysis and review
- Litigation support
- Financial reporting packages
- Internal controls and operational reviews
- Budgeting, forecasting, and cash flow analysis
- ERP design and technology assessments
Contact us today to discuss how our team of experts can help your real estate business recognize significant tax savings.