Historic Tax Credits

Preserving historic buildings is our chance to preserve a piece of history in our communities.  Once they are gone, they can never be replaced. Federal and state historic tax credits were created to protect and preserve these historic buildings. Let our Real Estate Solutions Team assist you in navigating the complex structures required to utilize these credits. 

Our success in historic rehabilitation tax credit projects is based on our ability to participate with your development team, including attorneys, property managers, investors, asset managers, consultants, lenders, underwriters and contractors.

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 historic tax credits:

• Analysis of qualified rehabilitation expenditures (QREs)
• Deal structuring i.e. pricing, pay-ins, IRR, developer fees, etc.
• Analysis of Partners’ Capital Accounts under Section 704 (b) of the Internal Revenue Code
• Preparation of financial forecasts and projections
• Tax research
• Cost certifications (Federal and State)
• IRS audit assistance
• Annual project audits (required by investors)
• LLC tax returns
• Analysis of 30% business interest limitation
• Facade easement donations