Compliance
REAL ESTATE TAX COMPLIANCE.
Real estate tax compliance that understands the structure behind the return. For real estate and private equity investors whose filings involve multiple entities, partnerships, K-1s, state filings, or significant property activity. The Diagnostic is typically the first step.
01 / compliance
Part of the Compliance Portfolio and the Real Estate Tax Office
Entity, Federal, State & International Filings
The federal, state, and international filings included in your agreed scope, prepared from how the deals were actually built.
Real estate compliance gets difficult when the filings are disconnected from the ownership structure behind them. We map the entities, states, and foreign connections in your structure, keep that map current as you buy, sell, and add partners, and prepare the filings from the deal documents, not just the trial balance.
Using the deal documents and ownership records helps identify entity relationships, filing jurisdictions, ownership changes, and reporting requirements that may not appear clearly in a trial balance alone.
What it covers
Partnership returns (Form 1065) and corporate and S corporation returns (Forms 1120 and 1120-S)
REIT returns (Form 1120-REIT), scoped separately
State returns where your property, income, or owners create a filing obligation, including nonresident withholding and composite returns
Entity-level taxes and fees, elective pass-through entity taxes where available, and withholding on real estate sales, such as California Form 593
City and local business taxes where they apply
Foreign-partner withholding (Forms 8804 and 8805), FIRPTA, and foreign-ownership reporting (Forms 5472, 5471, and 8865)
Partnership representative designation where required, and information returns such as 1099s
What you receive
Prepared and filed federal, state, and international returns, a written map of your filing footprint, and a summary of the positions taken and anything that needs attention next year.
02 / compliance
Part of the Compliance Portfolio and the Real Estate Tax Office
Partner, Owner & Payment Reporting
K-1 reporting connected to the partnership’s records and allocation process, with payments planned before they’re due.
Partnerships generally pass income and loss through to their partners, so the entity return, the K-1s, and each owner’s return should tell the same story, allowing for federal and state differences. We maintain tax capital accounts, track built-in gain or loss and partner basis, coordinate owner-level returns where they’re included, and plan estimated payments across entities and owners.
What it covers
Tax capital account reporting on K-1s, with state K-1 packages
Section 704(c) built-in gain or loss and basis tracking for contributed property
Partner admissions, transfers, and redemptions during the year
Owner-level returns, where included, for owners with significant real estate holdings
Quarterly federal and state estimates for owners, and entity-level payments
Extension planning, with payments that cover what’s expected to be due
What you receive
K-1 packages for each investor in the engagement, a tax capital roll-forward reconciled to the partnership records and the operating agreement’s allocations, payment instructions for each estimate, and a short memo on anything unusual.
03 / compliance
Part of the Compliance Portfolio and the Real Estate Tax Office
Fixed Assets, Depreciation & Property Records
Depreciation schedules kept current for a sale, exchange, or exam.
Every acquisition, improvement, and disposition changes the fixed asset schedule, and errors compound for years. We maintain federal and state schedules, which often differ, track placed-in-service dates and improvements, and keep existing cost segregation studies tied to the schedules they support.
What it covers
New acquisitions, improvements, and tenant build-outs
Existing cost segregation studies, coordinated with the schedules
Federal and state differences, including bonus depreciation
Dispositions, partial dispositions, and exchanges
Schedules inherited from a prior preparer or owner
Records that need separate advisory review, flagged early
What you receive
Current federal and state fixed asset schedules for every property, reconciled to the returns.
04 / compliance
Part of the Compliance Portfolio and the Real Estate Tax Office
Year-Round Compliance Management
A compliance year that runs on a calendar, not a scramble.
Filing dates vary by entity, state, tax year, and extension status. We keep a calendar built around your actual obligations, request information on a schedule, track open items through the year, and flag anything a filing reveals that needs advisory attention.
What it covers
Annual intake and scope confirmation
A tax calendar for every entity and owner
An information request schedule, so records don’t arrive at the last minute
Open-items tracking across the year
Extension and payment coordination
A defined path to advisory work when a compliance item reveals a transaction or structural issue
What you receive
A tax calendar, an information request schedule, and an open-items list kept current through the year.
the compliance year
How the year runs
Specific dates vary by entity, state, tax year, and extension status. The calendar is kept around your actual obligations, not a generic checklist.
Q1
Close the prior year
Prior-year closeout, information collection, the filing calendar, and K-1 dependencies.
Q2
Follow through
State and entity follow-up, owner-level coordination, estimated payments, and open-item review.
Q3
Work through extended returns
Extended-return work by each filing deadline, missing-record resolution, fixed asset updates, and year-end transaction tracking.
Q4
Plan the next cycle
Year-end intake, ownership and transaction changes, payment planning, and preparation for the next filing cycle.
who it’s for
Who this is for
A good fit
Real estate owners with multiple entities
Sponsors and operators issuing K-1s
Partnerships with capital account and allocation complexity
Investors with multi-state filing requirements
Families and investment groups with significant real estate or private equity holdings
Not a fit
Individual returns without significant real estate
A few passive rentals with limited complexity
One-off filing requests
how it starts
It typically starts with the Diagnostic
Before a Compliance Portfolio begins, the required background review is completed through the Diagnostic or included in the initial engagement scope. It covers your holdings, entities, records, most recent tax year, and upcoming decisions, so the filing relationship begins with an organized fact base.
Compliance Portfolio, from $10,000 per year
The defined annual filing and reporting relationship, priced by your entities, jurisdictions, partner reporting, owner-level filings, and fixed asset records.
Real Estate Tax Office, from $24,000 per year
Everything in the Compliance Portfolio, plus quarterly advisory meetings, priority scheduling, a tax calendar, a maintained risk log, and an annual advisory credit, separate from any Diagnostic credit, that may be applied to one separately defined advisory project, subject to the engagement terms.
