If you are a long-term investor, flipper, rehabber,
wholesaler or you specialize in short sales, pre-foreclosures or options you
may want to talk to us. We have worked with all of the above types of real
estate entrepreneurs. Our specialized knowledge and many years of experience
can help you sort out the following issues:
type of entity should I use (C-Corp, S-Corp, LLC (single member,
multi-member or Illinois Series LLC)?
should I set up my books and records?
software should I consider using?
chart of accounts is designed for real estate investors?
I take profits out of my business without be taxed?
are the special deductions that smart investors can take advantage of when
are 5 ways to reduce your tax liability from a sale of real estate - do
you know if they can help minimize your tax bite?
I know if the accountant I am using is real estate savvy?
deductions are the most frequently missed or under-utilized by real estate
are the tax laws and deductions I can take advantage of when I rent out my
are the most frequently audited items on my tax return and how can I
protect myself - as a real estate entrepreneur?
We frequently give presentations to real estate investor
groups, real estate agents/offices, and business owners about all of the above
issues facing people working in the real estate industry. We attend many of the
local real estate investor association meetings [Chicago Creative Investor
Association (CCIA)] on a monthly basis and are available to discuss tax and
accounting issues facing those members.
In addition to investors we also provide tax and accounting
advice (including preparation of tax returns) for contractors, real estate
agents, mortgage brokers, land planners, attorneys (that specialize in real
estate transactions) and others associated with the real estate industry.
Please contact us if you have questions about your business
or want to explore ways to utilize the tax code to your advantage.