FAS 109/ASC 740 Accounting for Incomes Taxes

FAS 109/ASC 740 Review and Preparation
FIN 48 Review and Preparation
Effective Tax Rate Planning
Deferred Tax Inventory Analysis
Valuation Allowance (DTA Analysis)
Staff Outsourcing

Tax Consulting Services

Tax Controversy

RAR Analysis and Consulting
IDR Response
State Notices and Exams
Amended Returns

Transaction Consulting

E&P and Tax Basis Studies
M & A Planning and Due Diligence
Transaction Cost Analysis

Research and Experimentation Credit Analysis
Retraining and other Tax Credit
Choice of Entity Election

Recovery

Net Operating Loss (NOL) Carrybacks
Section 382 Analysis

Executive Compensation

Stock Option Analysis
Golden Parachute Analysis
AMT Analysis

Tax Compliance Services

Return Preparation Services

Return Review

Estimated Tax Planning

Alternative Minimum Tax (AMT) Planning

Fixed Asset Accounting

Records Maintenance
Cost Segregation Studies
Fixed Asset System Conversions

Tax Accounting

Staff Outsourcing

Multistate (SALT)

Multistate Structure Analysis
Nexus, Apportionment Planning and Analysis
Exposure Analysis (FIN 48)
Voluntary Disclosures (VDA)
Audit Management
Amended Returns

PKM Contact

Mickie Huneycutt
mhuneycutt@pkm.com
404-420-5641

Tax Services for Real Estate/Construction

PKM’s construction and real estate group consists of experienced tax specialists; familiar with all facets of the unique federal, state, and local tax laws and regulations impacting the various sectors of your industry. We understand the ins and outs of your business—the risks, the opportunities, the complexities. In fact, we have saved firms a significant amount of money over the years through prudent tax strategies. Because our tax professionals are experienced in the unique tax complexities that face the construction and real estate industry we can help the owners and management of companies reduce their tax burden – at both the business and individual level.

PKM provides a wide range of tax services to the real estate industry, including commercial and residential real estate owners, developers, operators, management companies, and other mid-sized and family-owned real estate enterprises.

PKM’s professionals understand the unique issues surrounding real/estate and construction. We provide services that help our clients to:

Save on self-employment taxes by strategic choice-of-entity tax planning
Calculate complicated special allocations for membership/partner interests
Analyze the tax consequences of various mergers of land development and investment entities
Apply the methodologies of percentage of completion vs. completed contractaccounting
Maintain Section 704(b) targeted “waterfall” partner capital accounts
Analyze Section 199 – the Domestic Production Activities Deduction
Benefit from the election of bonus depreciation and the employment of cost segregationstudies
Determine eligibility to file as a Real Estate Professional
Maximize benefit of tax law changes, including 5-year Net Operating Loss Carrybacks and increased depreciation deductions
Consider tax consequences of bankruptcy proceedings, including proper treatment of cancellation of indebtedness
Plan for capital gain involving the segregation of investment activities from development functions
Utilize capital allocation methodologies for direct and indirect expenses
Accelerate capitalized interest expenses for tax purposes
Track and utilize new Federal and State tax credits as they are introduced
Plan for and prepare multi-state tax returns