LGA has extensive experience assisting real estate investors with multi-tier structures involving waterfall distributions, carried or promote interests and foreign investor interests owned by LLC’s, partnerships, individuals and corporate entities. We can also assist with book to tax reporting differences related to fair value accounting differences between GAAP and tax. LGA timely communicates tax law changes, such as the new partnership audit rules, to ensure partnership agreements are amended and required disclosures are made on the tax returns properly to avoid penalties and achieve the desired result in the case of an audit. When the time comes to sell, we provide value-add services including confirming the gains and losses are being properly distributed to the investors and the tax impact is minimized.
Focus on the OUTCOME,not the obstacle
Business Tax Services
Tax Services for Owner Managed Businesses
State Tax Nexus Issues
As states strive to generate more income from cross-border business activity, established laws and regulations regarding nexus and conducting business in a multi-state environment have undergone significant changes and continue to do so. LGA can help your company understand how your operations or remote or hybrid workforce impact what states you are deemed to be “doing business in” and the related impact this has on which states you are taxable in. LGA is ready to help with planning and compliance in multi-state operations to ensure ongoing compliance in this ever-evolving borderless business climate.
Sophisticated Tax Services
LGA works with complex investment partnerships, ranging from entities with one investment to hundreds of investments. Whether your entity invests in brokerage accounts or is an active or passive investor in other real estate or operating entities, our team has your compliance needs covered. From straight forward allocations to special allocations at the specific investment and related state filings, regardless of how many states, our team has done it all and has established systems to ensure an efficient and accurate reporting process for you and your investors. In addition, we work with our clients to ensure that the partnership agreement provisions are understood and are being adhered to and properly reported to avoid potential investor disputes down the road.
Opening a new business presents many obstacles, but tax compliance shouldn’t be one of them. The initial decisions to be made in the first year can be overwhelming – from entity type, methods of accounting, including depreciation policies, tax elections and more, we will spend the time to understand your short and long-term strategic objectives to ensure that we get it right out of the gate. As you grow and have more financial stability, we can guide you to take advantage of other tax advantaged opportunities, ranging from employee benefit retirement strategies, to research and development and other tax credits. As your business takes you into new states or even across the pond internationally, we have the experience to assist you with evaluating your related filing obligations and keeping you compliant with state and federal requirements.
Transitioning from your prior firm to LGA enables us to take a fresh look at how you are accounting for and reporting your results for income tax purposes, often leading to tax savings opportunities and the strengthening of compliance with federal and state requirements. We have the depth and breadth to take a holistic approach to evaluating tax compliance, and leverage specialized knowledge from various firm leaders to ensure that you are getting the best information and advice available. Our 40 years of experience means that we have worked with and advised clients through almost every tax situation and opportunity and will bring this collective knowledge to you to maximize your businesses’ tax efficiency and compliance.
IRS and State Representation
Why Choose LGA?
Tax Minimization
Deep Bench
Team
Culture
International Tax
Business Tax Resources
Understanding energy rebates tax treatment
Navigating the stock repurchase excise tax
Introducing the Business Valuations and Financial Forensics Team at LGA
Business Tax Team Leaders
Scott Sagan
Wayne Karacek
Wayne’s clients include non-profit and for-profit entities with a concentration real estate and construction. Wayne works extensively with closely held companies and their owners providing tax planning and preparation, and when called on, can represent clients before federal and state taxing authorities.