Diagnostic
REAL ESTATE TAX READINESS DIAGNOSTIC.
A structured first engagement for real estate investors, owners, operators, and sponsors with entities, partners, or upcoming decisions.
The Diagnostic is typically the first step, and every Real Estate Tax Office relationship begins with it. For advisory and compliance work, the fit call determines whether it is the right starting point or whether the background review should be included in that engagement. Three tiers, from $5,000.
what you receive
A working map of your tax exposure
Strategic tax review of the most recent tax year, with earlier years considered when the facts call for it
Entity and ownership map
Prioritized action register, with each finding ranked: address now, before the next transaction, or monitor
12-month tax and transaction calendar
Structured document room in the client portal
60-minute walkthrough call
current season
A Diagnostic purchased by November 30, 2026 may qualify for a later engagement credit under the terms below.
Diagnostics purchased by November 30, 2026 may qualify for a credit of 50% of the Diagnostic fee toward one Structure Advisory project, Compliance Portfolio, or Real Estate Tax Office engagement engaged within 45 days of delivery, subject to the engagement terms.
inside the diagnostic
What you receive, up close
what changes after this
You can act on the order of work
The Diagnostic gives you a documented basis for deciding what to address now, what to resolve before a transaction, what to monitor, and which matters require separate advisory or compliance scope. You can use the output to coordinate records, raise questions with counsel or partners, plan upcoming dates, and decide whether a later engagement is appropriate.
See how your entities and ownership relationships connect
Identify missing facts or records before they affect a filing or transaction
Separate immediate issues from matters that can wait
Bring a ranked list of questions to your attorney, lender, intermediary, or internal team
Scope later advisory or compliance work from an organized fact base
work spotlight
Recent work, and the experience behind it
Long-term lease structuring. Working alongside the lessor through every iteration of a long-term lease as it’s built. The rent is uneven, so §467 shapes when it’s taxed, with implications that run through the whole agreement. Each draft is reviewed against the intended tax treatment, with prompt answers at every turn. The lease is expected to close within the next 30 days.
Cross-border restructuring. Delivered a complete restructuring plan to reorganize an existing entity into a new structure built for its foreign ownership: what changes, in what order, and why.
Prior Big 4 experience. Before founding Bastion & Thorne, Chris’s Big 4 work included multi-property §1031 exchanges, joint-venture and waterfall analysis, REIT fund structures, lender-side foreclosures converted into operating assets, and cross-border entity structuring.
the process
Four steps from fit to walkthrough
01
Request a fit call
Complete the short form. If the situation appears aligned, a 30-minute call confirms fit, complexity, and scope.
02
Sign the engagement letter
The scope, fee, and terms are set out in writing before work begins.
03
Provide records for review
Upload tax, entity, ownership, transaction, debt, and lease records through the client portal.
04
Walk through the findings
Review the findings and order of work during a 60-minute call. Any later engagement is scoped separately.
pricing
Three tiers for three levels of complexity
Every tier includes the same core deliverables. These criteria help you identify the likely tier. The final tier depends on the complete facts and is set during the fit call, then confirmed in writing.
Lite
$5,000
Best for compliance-led situations with limited structural complexity.
Up to 3 active entities
Generally 1 jurisdiction
Up to 5 K-1 recipients
No major transaction planned within 12 months
Basic
$7,500
Best for multi-entity holdings with partners or one decision ahead.
4–10 active entities
Up to 2 jurisdictions
6–25 K-1 recipients
One major transaction or structural decision ahead
Complex
By quote
Best for larger, cross-border, fund, or multi-tier structures.
More than 10 active entities
More than 25 K-1 recipients
3 or more jurisdictions
Funds, REITs, family offices, or foreign ownership
current season
If you purchase the Diagnostic by November 30, 2026, a later engagement may qualify for a credit under the terms below.
Diagnostics purchased by November 30, 2026 may qualify for a credit of 50% of the Diagnostic fee toward one Structure Advisory project, Compliance Portfolio, or Real Estate Tax Office engagement engaged within 45 days of delivery, subject to the engagement terms.
The Diagnostic is a review and planning engagement. It generally does not include audit, attest, return preparation, implementation, legal advice or drafting, qualified intermediary services, valuation or cost segregation engineering, or representation before a taxing authority. If the background review is included in an initial advisory or compliance engagement instead of a separate Diagnostic, the same tier pricing applies. Complex pricing is quoted because fund, REIT, family office, and cross-border structures vary widely. Individuals without significant real estate or private equity holdings and one-time filing requests are generally not a fit.
what happens next
The Diagnostic sets the next decision
After the walkthrough, the findings can support a separately scoped Structure Advisory project, Compliance Portfolio, or Real Estate Tax Office relationship. If a later engagement is appropriate, its scope and fee are confirmed in writing.
