Real Estate

industry Experience

Real Estate

The real estate industry is fast-paced and highly competitive, and as a result poses many challenges to businesses. Success requires that agencies partner with experienced accounting professionals who can help to facilitate planning, strategizing and evaluation of opportunities.
Large modern office building

bgr CPAs work with real estate clients providing strategic tax, accounting and business solutions to developers, apartment owners, home builders, and property management companies.

The expertise at Berman, Goldman and Ribakow is based on more than 70 years of experience in the real estate industry. Our professionals have developed various solutions that have withstood the regulatory and financial fluctuations experienced by many in the industry. We consistently develop customized strategies to fit the individual needs of each client. Our professionals remain up to date on current industry trends, regulatory changes and IRS pronouncements, and in doing so, continually assess the impact that each could have on the success of our clients.

The bgr CPAs real estate professionals conduct the following services for real estate clients:

  • Tax Advantaged Strategies
  • Cost Segregation Studies
  • 1031 Exchanges
  • Cancelation of Debt Issues
  • Business Formation, Structuring and Advising
  • Tax Preparation, Compliance and Planning
  • Financial Statement Preparation

Tax Deferral and Abatement Changes for Property in Qualified Opportunity Zones

August 22, 2018

  A provision in the new Tax Cuts and Jobs Act allows for potential tax deferral and tax abatement on qualified property in qualified opportunity zones. Tax Deferral The new provision allows taxpayers to defer the capital gains tax due upon a sale of property if all or part of the capital gain portion of…

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Real Estate Tax Update

December 28, 2017

On December 27th, the IRS issued an advisory regarding the deductibility of real estate property taxes in light of the new tax law. The “Tax Cuts and Jobs Act” caps the 2018 property and state tax deduction at $10,000 for those who itemize their deductions. According to the IRS, the property taxes must be assessed…

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An Overview of Passive Vs. Non-Passive Income in Real Estate

November 16, 2017

The tax and accounting professionals at Berman Goldman & Ribakow explain the tax implications on passive vs non-passive real estate income. Overview Generally, a passive activity is any rental activity or any business in which the taxpayer does not materially participate. Rental activities include real property rentals, personal property rentals, and rentals of intangibles (if…

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Our team of experienced and skilled professionals has extensive knowledge of the ever-changing laws and regulations within various industries, and has provided our valued clients with accurate, informed insights and business guidance for more than 70 years.