Tax Services - Real Estate

Reduce exposure and realize potential savings with targeted strategies.

Any real estate decision a developer, owner or operator makes over the lifetime of a project has tax implications. Wipfli’s specialized team of tax professionals works closely with local, regional, and national commercial and residential real estate clients, developing customized tax planning strategies to reduce tax exposure and realize potential tax savings – with the goal of maximizing after-tax yield.  Advisors follow through with timely, accurate tax compliance in this era of increasing tax law change and complexity.

Teams have significant knowledge and experience in the following areas:

• Business formation and capitalization
• Tax accounting methods
• Tax issues related to leases
• Minimizing the impact of the various loss limitation rules – basis, at-risk, and passive limitations
• Debt structuring - tax planning in connection with the cancellation or restructuring of debt under Section 108 and other tax issues related to distressed property
• Charitable contributions of real estate by developers
• Section 179D energy efficient tax deduction for commercial and government properties
• Section 45L energy efficient home credit for multi-family properties
• Historic rehabilitation tax credit
• Capital gains planning techniques versus ordinary income tax planning 
• Deferring taxable gain with Section 1031 like-kind exchanges or Section 1033 involuntary conversions
• Business mergers, acquisitions, restructurings, and other changes in ownership
• Tax planning for business sales and liquidations
• Tax audit and appeals assistance
• State and local tax planning and compliance
• Key employee tax issues, including implications of equity compensation alternatives
• Business succession planning 
• Tax-efficient exit strategies 
• Estate and gift planning