real estate - industry experts
comprehensive real estate tax consultants
With decades of real estate tax accounting experience, DCA is a leader in the real estate industry for tax services. Our focus is on tax structuring for investors, real estate agents, brokers, developers, and property managers, We cater to the uniqueness of each project and investor to ensure maximum tax efficiency. Our real estate tax accountants will work to:
Structure tax efficient entities for various real estate activities
Conduct a portfolio analysis
Help create a tax planning and savings strategies
Help you make smart real estate investment decisions
Prepare your annual tax returns
Monthly and quarterly accounting services
Perform tax projections to make sure you don’t have any surprises
There are numerous tax advantages to owning real estate, particularly if you’re an investor seeking the long-term stability and growth potential that real estate may provide. Some of the tax-related real estate situations or tax professionals can help with include:
Depreciation: Depreciation expense can offset taxable income and save money on your tax bill. Because assets may be depreciated over different lives, including sometimes immediately, we can help you plan for the initial tax year and the years to come so you aren’t surprised later.
Cost segregation: Smart investors know that allocating the purchase price is an important consideration. Cost segregation studies are an effective tool to make sure the most advantageous asset class lives are considered. Proper planning can save valuable tax dollars sooner rather than later.
Installment sales: Also known as seller financing or a seller carry-back mortgage, this is a method of reducing taxes on the sale of real estate. Installment sales are only available to property investors (not house flippers). They allow an investor to defer capital gains tax, but the entire amount of accumulated depreciation must be recaptured at the initial time of sale.
Section 1031 tax-free exchange: A 1031 exchange allows you to trade one property for another without paying taxes. You must follow specific rules, and you must be classified as an investor. In return, you get to use 100% of the profits from the sale to reinvest in the next property. This maximizes the growth and compounding of your investments.
Step-up in Basis: A step-up can generate a considerable amount of additional basis and future depreciation.
Advisors for Real Estate Agents
We also assist real estate agents who want to transition into an investor role. Becoming a first-time investor is often daunting. We help real estate agents leverage their real estate market knowledge to create structures that maximize tax saving opportunities. Having a trusted advisor can help real estate agents grow wealth that is separate from commission income and build a real estate portfolio.
Top Real Estate Tax Accountants Michigan
DCA assists real estate developers, investors, and real estate agents implement the best tax strategies and enhance the values of their real estate holdings. We know how competitive and fast-paced the industry is, so our real estate tax consultants will provide the latest information, anticipate needs, and offer solutions that clients might not have considered. We also have serve a niche in accounting and tax services for mobile home communities throughout the country.