Issue
The client, a real estate acquisition and development company operating in the Carolinas, sought opportunities to improve tax efficiency across its real estate investments. Referred to CBIZ by a business partner, the company wanted to identify and recover previously unclaimed depreciation deductions while maximizing the value of its real estate portfolio.
Solution
CBIZ evaluated the client’s real estate portfolio and prepared lookback studies to identify previously unclaimed depreciation deductions. The studies also helped accelerate depreciation related to current-year acquisitions and property improvements, allowing the client to realize additional deductions from existing investments.
Outcome
Through the lookback studies, CBIZ helped the client recover more than $10 million in accelerated depreciation deductions, significantly reducing taxable income and improving near-term cash flow. The engagement also provided a clearer understanding of depreciation opportunities across the portfolio, helping the client make more informed tax planning decisions moving forward.
| Company Information | |
|---|---|
| Industry | Real Estate Acquisition/Development |
| Entity Type | LLC |
| Ownership Structure | Partnership |
| Geographic Footprint | Southeast U.S. |
| Annual Revenue | $20 Million |
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