Historic Tax Credits

Partnering with us ensures you have accurate information to support your tax credit incentives. Below are a few of the ways we provide support to help you take advantage of state and federal historic tax credits:

1. Analysis of Qualified Rehabilitation Expenditures (QREs): We meticulously examine your development expenditures to ensure they meet the necessary criteria for tax credit qualification.
2. Deal Structuring: Our experts help you with pricing, pay-ins, Internal Rate of Return (IRR), developer fees, and other critical aspects of your project’s financial structure.
3. Analysis of Partners’ Capital Accounts:  We navigate the complexities of Section 704(b) of the Internal Revenue Code to optimize your capital accounts.
4. Preparation of Financial Forecasts and Projections: Our team assists you in creating accurate financial forecasts and projections to support your historic property development.
5. Tax Research: We provide in-depth tax research to ensure you’re fully informed about the tax credit process and opportunities.
6. Cost certifications (Federal and State): We help you prepare the necessary cost certifications to secure both federal and state historic tax credits.
7. IRS Audit Assistance: In case of an audit, we provide the expertise and support required to navigate IRS procedures and requirements.
8. Annual Project Audits: We assist you in fulfilling the annual project audit obligations as required by investors.
9. Partnership LLC Tax Returns: Our team takes care of the LLC tax returns, ensuring all tax-related aspects are managed effectively.
10. Analysis of 30% Business Interest Limitation: We help you analyze and optimize your business interest limitation to maximize your benefits.