October 28, 2015
Landlord Tax Accountant Chicago IL
We do an awful lot of accounting and tax work for Landlords and Developers both here in Chicago and across the country. Why so much? This isn’t something that I have advertised. It’s not something that I have chased down. It’s just something where we have always excelled.
We just finished another quarters worth of work for one of our developer / landlord clients. The have eighteen different entities. Each one doing something completely different for their overall organization. Some of these entities own buildings. Others control the financing. Others operate the buildings and collect rents. Others handle cleaning and security. Others are General Contractors. Its very complicated.
Does it need to be this complicated? Yes. The only way to separate liability is to have separate legal entities handling individual responsibilities. Further, the accounting work for these individual entities must be handled separately. If not, the taxation services could allege a Brother – Sister Relationship between two or more of the entities and for taxation purposes combine them. This would truly hurt the client.
Sophisticated taxation cases such as this one is just something that we have always excelled at. We really enjoy these because they are complicated. There are difficult. We realize that there are very few accounting firms on the planet capable of handling something like this properly, and we enjoy being that firm.
If you are having problems with your Landlord Tax Accountant Chicago Illinois or have issues with your accounting in general, we would love to help. I enjoy hearing from my readers, and can be contacted at
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Chris Amundson is the President of Accounting Solutions Ltd., a full service public accounting firm of Certified Public Accountants and Enrolled Agents handling the bookkeeping, accounting, tax preparation, and audit representation needs of Businesses, Estates, Trusts, and Upper Income Individuals.
October 28, 2015