Geneva, IL CPA / Cunningham & Company, LTD

Real Estate Investors:

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:

What type of entity should I use (C-Corp, S-Corp, LLC (single member, multi-member or Illinois Series LLC)?
How should I set up my books and records?
What software should I consider using?
What chart of accounts is designed for real estate investors?
How do I take profits out of my business without be taxed?
What are the special deductions that smart investors can take advantage of when buying property?
There 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?
How do I know if the accountant I am using is real estate savvy?
What deductions are the most frequently missed or under-utilized by real estate entrepreneurs?
What are the tax laws and deductions I can take advantage of when I rent out my vacation property?
What 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.