Managing the day-to-day aspects of your property can be challenging enough. Let the experts who specialize in addressing standard real estate tax practices help you meet necessary filings and compliance needs.
In addition to completing annual tax returns for your real estate projects, our tax savings strategies include:
- Provide guidance on the structuring of entities and ownership of assets for both existing and new projects
- Offer advice on sales and use tax as well as payroll tax related issues
- Perform cost segregation studies providing your property with the greatest depreciation benefit
- Advise on the availability of tax credits including low-income housing, certified historic structure and new markets
Low-Income Housing Tax Credits (LIHTC) make affordable housing developments not only possible, but financially viable. Since the introduction of the Low-Income Housing Tax Credit (Section 42) in 1986, SVA has helped real estate developers, nonprofit organizations and community housing agencies obtain these credits. In fact, most of the federal low-income housing tax credits awarded in Wisconsin have been to SVA clients.
Investors who make qualified equity investments in low-income communities can qualify for federal New Markets Tax Credits (NMTC). SVA professionals work directly with both developers and Community Development Entities (CDE), which invest in low-income communities, to structure their transactions using the NMTC program.
With a large base of developers, we are able to provide your CDE with potential real estate projects in order to complete your Qualified Low-income Community Investment (QLICI).
Looking to give a historic building a second life? Historic rehabilitation preserves the architectural vision and cultural heritage of previous generations and provides distinctive spaces to live and work. Bring us your plans and we will help you structure financing and tax credits to make historic rehabilitation both feasible and profitable.
Our real estate professionals understand the technical requirements of the Certified Historic Structure (CHS) Credit program and monitor changes to the tax code, with particular attention to changes affecting:
- 24-month and 60-month rehabilitation window
- Substantial rehab requirements
- Impact on low-income housing tax credits (LIHTC) eligible basis
- Pass through election in master lease structure
- State historic credits
Energy Tax Credits and Deductions
Certain properties that utilize solar or geothermal sources to generate electricity, heating/cooling or hot water may qualify for federal energy tax credits. SVA professionals can help you take advantage of these ever-changing subsidies to help finance your project.
Tax Incremental Financing (TIF) is a development tool used by municipalities to help finance varied property improvement projects from regional shopping centers to large single use facilities. Municipalities have found TIF critical in redeveloping blighted areas and attracting new economic development to their communities.
SVA can assess the potential of utilizing TIF as part of an overall financing structure.
Our SVA professionals have a comprehensive knowledge of and broad experience with complex tax, accounting, business and transactional issues. We can prepare your federal and state income tax returns no matter how complicated they may be.
Our experienced real estate consultants can help you structure the transaction so your proposal becomes a winning proposal. Using an internally developed template for financial modeling and feasibility, we can forecast the results of different financing strategies. The template produces schedules showing financial projections for:
- Rates of return on investments
- Tax credits
- Profits and losses
- Cash flow
- Residual value
- Tax savings
- Balance sheet