Practice Areas > Tax > Tax Planning for Real Estate Developers and Investors
Real estate developers face unique tax problems with the development of real estate. A successful development can result in the tax liability being one of the largest development expense. Development can also create problems with phantom income, in which income is earned as a development is sold out yet all of the cash proceeds must be used to pay down bank loans, leaving nothing for taxes. The lawyers of Clark Skatoff PA have creative tax planning ideas to help real estate developers reduce their federal income tax liability.
Real estate investors also face unique tax problems from the sale of real estate. The lawyers of Clark Skatoff PA have successfully implemented tax savings programs to reduce or eliminate the resulting income tax from the sale of real estate.
Real estate investors can also benefit from utilizing a Section 1031 exchange, where property that is sold is replaced with new property without the payment of tax on the sale of the first property. The tax attorneys of Clark Skatoff PA have extensive experience implementing Section 1031 exchanges on behalf of their clients.
To learn more about the tax practice of Clark Skatoff PA, please call 888-752-8633 or send one of our lawyers an email.