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Real Estate

Real Estate Accountant

Herman P Ortiz CPA P.C. - Provides wide range assurance, accounting, tax and consulting services to the Real Estate Industry.  Our clients Include Residential and commercial real estate investors/land lords, commercial developers, property management companies and real estate brokers. 

With our experience and knowledge of the real estate industry we are confident that we can assist your organization with financial and non-financial obstacles it may face.

Our Real estate services include:

Accounting, Assurance and Consulting Services

  • Financial statement audits, reviews and compilations in accordance with GAAP or other comprehensive basis of accounting
  • Accounting and recordkeeping services
  • Preparation of Loan Proposals, Loan Packages and Loan Modifications for real estate deals
  • Forensic accounting services with regards to real estate transactions and assistance to owner, manager, investors and their attorney in rectifying real estate related controversies
  • Due Diligence for real estate acquisitions
  • Review of internal control systems
  • Fraud review and assessments
  • Employee Benefit Plan Audit

Tax and Consulting Services

  • Business Income tax return preparation and strategic tax planning
  • Assistance with Real estate depreciation schedule calculations
  • Assistance in implementing cost segregation studies to maximize depreciation deductions
  • Real estate Like Kind Exchanges — 1031
  • IRC sections 754 Basis Step-up calculations
  • Tax Deferral transactions
  • Tax Treatment on abandonment of real estate properties, land, improvements and partnership/ shareholder interest.
  • Tax efficient structuring (and restructuring) of new ventures, operations, or the expansion of existing operations.
  • Assistance with Tax free reorganization of multiple entities.
  • Payroll

For more information about “Real Estate” services please fill out the contact form below. 

We want to hear from you!

Please fill out this form and let us know how we can be of service. We will happily offer you a consultation to determine how we can best serve you.