Real Estate

Real Estate Services

We understand the local real estate market and offer a comprehensive range of financial, tax and accounting services tailored to meet the specific needs of the real estate industry.

Real Estate. Real Results

The real estate industry encompasses a broad spectrum of entities. Commercial real estate developers and managers, investors, and affordable housing agencies all encounter compliance requirements and tax credit opportunities specific to this industry. When you are involved in real estate, it’s important to partner with a certified public accounting firm that has a deep understanding of and experience with the tax and regulatory aspects of this industry. You need to work with a CPA firm in Western Massachusetts that has the knowledge and expertise to help you control costs, optimize cash flow and identify tax opportunities specific to the real estate industry.

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Real Estate Professional Services

Meyers Brothers Kalicka, P.C. has a significant real estate industry practice that serves the for-profit and not-for-profit sectors. Our clients include residential and commercial real estate investors, commercial developers and property management companies, as well as HUD-assisted sectors. Let our technical knowledge, and our business and industry-specific strategies help you maximize the returns on investment of your real estate portfolio.

Income and excise tax preparation and strategic tax planning

Financial forecasts, budgets, projections and feasibility studies

Financial statement audits, reviews and compilations

Development and tax credit applications

Rehabilitation tax credit consulting and compliance

Real estate tax assessment appeals

Cash flow modeling and analysis

Like Kind Exchanges — 1031

Depreciation schedule calculations

Debt structuring, equity financing transactions

Cost segregation studies

Strategic management consulting

Purchase and sales advisory services

Investment account analysis and strategies

Regulatory agency compliance

Areas of Focus: Exempt organization tax returns; Limited partnership and LLC tax returns; Preparation of LIHTC and HUD cost certifications; Audited financial statements; LIHTC; HUD; The Massachusetts Housing Finance Agency (MHFA); The Office of Rural Development; Other assisted developments

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Experienced Real Estate Accounting Team

Submit any inquiry or request for proposal (RFP) below.

Real Estate Accounting Insights

BOI Injunction Lifted

By Katrina Arona • February 19, 2025

The Corporate Transparency Act (CTA) which took effect on January 1, 2024 required "reporting companies" in the United States to disclose information about their beneficial owners to the Treasury Department's Financial Crimes Enforcement Network (FinCEN). In May 2024, a lawsuit was filed claiming that Congress exceeded its authority under the Constitution in passing the CTA. Background: December 3, 2024 in the Texas Top Cop Shop, Inc., et al. v. Merrick Garland, Attorney General of the United States, et al., Judge Amos Mazzant of the United States District Court (Eastern District of Texas/Sherman Division) issued a preliminary nationwide injunction barring the enforcement of the Corporate Transparency Act (CTA). December 23, 2024 the Nationwide Injunction is lifted and filing deadlines are reinstated. Financial Crimes Enforcement Network of the U.S. Department of Treasury (FinCEN) may again enforce the CTA. FinCEN has not extended any filing deadlines. Therefore, all reporting companies should file immediately any beneficial ownership information reports (BOIRs) that were already due, and reporting companies formed prior to 2024 should file their BOIRs by January 13, 2025 (extended from January 1, 2025). December 27, 2024 the federal appeals court on Thursday reinstated a nationwide injuction halting enforcement of beneficial ownership information (BOI) reporting requirements, reversing an order the same court issued earlier this week. FinCEN issued an updated alert on its BOI information page , saying that companies can voluntarily submit BOI reports. February 7, 2025 FinCEN will consider changes to the BOI reporting requirements if a court grants the government's request for a stay of a nationwide injunction in a Texas case, according to a motion filed Wednesday, February 5th. If the stay is granted, FinCEN will extend BOI filing deadlines for 30 days, the government said in its filing in Samantha Smith and Robert Means v. U.S. Department of the Treasury, No. 6:24-CV-336 (E.D. Texas 1/7/25). BOI reporting is currently voluntary, pending further legal developments. Businesses and stakeholders should stay alert for additional updates as the situation evolves. Current Status: February 18, 2025 A federal court lifted the last remaining nationwide injunction stopping BOI reporting requirements. FinCEN which enforces BOI requirements under the CTA said it would extend filing deadline for initial, updated, and/or corrected BOI reports to March 21. However, reporting companies that were previously given a deadline later than March 21 may file their initial BOI report by that later deadline. Resources for consideration: March 21 BOI reporting deadline set; further delay possible BOI Injunction Lifted FinCEN BOI Center

BOI Reporting Update

By Katrina Arona • February 6, 2025

February 7, 2025 FinCEN will consider changes to the BOI reporting requirements if a court grants the government's request for a stay of a nationwide injunction in a Texas case, according to a motion filed Wednesday, February 5th. If the stay is granted, FinCEN will extend BOI filing deadlines for 30 days, the government said in its filing in Samantha Smith and Robert Means v. U.S. Department of the Treasury, No. 6:24-CV-336 (E.D. Texas 1/7/25). BOI reporting is currently voluntary, pending further legal developments. Businesses and stakeholders should stay alert for additional updates as the situation evolves

Underpay your 2023 Taxes? Consider Filing an Amended Tax Return

By Katrina Arona • January 13, 2025

Did you underpay your 2023 taxes? Consider filing an amended tax return.

Real People. Real Stories. Real Results.

MBK Real Estate accounting firm customer testimonials.

"I value my long-term, multi-generation relationship with MBK. MBK provides exceptional service and professionalism."

Francis C. | C & W Breckwood Realty Company, LLC

“We have used MBK since first purchasing Monarch Place and the Sheraton Springfield. The service and advisory we have received from Meyers Brothers Kalicka have been exceptional. Since then, we have subsequently expanded in both real estate and hotel holdings. MBK will continue to be our trusted advisors as we grow.”

Paul P. | Monarch Enterprises