Real Estate

As the single largest component of the U.S. GDP, the real estate industry is a vital contributor to the health of our economy. It is a sector that touches everyone - from where we live, to where we work and play. Understanding the factors that influence the swings in this cyclical industry is imperative in serving our real estate clients.  At KN+S we understand what is important to the real estate entrepreneur – cash flow! Our goal is to assist the client with understanding their current situation, forecasting their future needs and opportunities, and finding ways to improve after-tax results.

The services rendered to our real estate clients vary but have included some of the following:

  • Developer or investor? – and the related tax impact and differences
  • Accounting method considerations – cash, accrual, percentage of completion or completed contract; what’s allowed and what’s best?
  • Cost segregation studies
  • Purchase and/or development cost allocations
  • Tax deferred real estate exchanges
  • Independent audits of financial statements
  • Financing, refinancing and debt workout plans
  • Rental real estate passive activity limits and planning
  • Qualifying as a “real estate professional”
  • Partnership structures and special allocations
  • Family limited partnerships and gifting strategies

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