Beware of the “Reciprocal Trust” Doctrine
Having spouses’ trusts that are too similar isn’t simpatico with the IRS and may trigger unintended tax consequences.
Commercial, industrial, and residential real estate businesses are affected by swings in the lending environment, interest rates, material costs, and advancements in technology that create greater efficiencies. Depending on these factors and more, you need to keep close watch on your expenditures, property valuations, and costs associated with development and construction. You also want to make certain you are taking advantage of every tax credit and incentive available so that you can reinvest in your business.
Rich in Industry Experience
Lumsden McCormick has been serving real estate operators, developers, and investors for more than 30 years. We understand that the needs of the industry are multifaceted with complex reporting and transaction requirements. We collaborate with you to assess your needs and devise innovative approaches to financing and management that align with your long-term goals.
Our certified public accountants well versed in real estate proactively consider every detail to properly guide clients through all types of transactions, from assisting with tax-deferred property swaps to performing cost segregation studies and maximizing development incentive credits.
Our real estate services include:
Audit and Assurance Services
For more information about our accounting and consulting services for real estate businesses contact Brian Kern or complete the form below.
Given the proposed tax rate increase to individuals, planning will be the key to mitigate financial stress. Your key takeaways from this one-hour discussion will include planning strategies that you can implement now.Learn More