Real Estate Development
Construction-Period Return Preparation
Federal and state income tax returns are prepared for entities engaged in active construction, reflecting capitalized costs, interest allocation, start-up expenditures, and timing rules applicable prior to placed-in-service dates. Returns account for development-stage limitations on deductions and income recognition.
Project-Level Entity Filings
Partnership and LLC returns are prepared for single-purpose development entities, including accurate capital account maintenance, partner allocations, and compliance with governing agreements. Filings reflect changes in ownership, capital contributions, and construction financing.
Completion and Disposition Reporting
Tax returns are prepared to reflect transitions from development to operational status, including depreciation commencement, lease-up income, or property disposition. Reporting addresses basis adjustments and transactional consequences arising at project exit.
State Construction Nexus Filings
State income tax returns are prepared for development entities with physical presence, contractors, or property interests in multiple jurisdictions. Filings reflect construction-related nexus and jurisdiction-specific reporting rules.