Real Estate Businesses

A unique approach to real estate accounting.

O’Brien and Panchuk provides accurate and timely preparation of individual tax returns for high-net-worth individuals and families. We go further than just filling out and e-filing tax returns by examining the details of each client’s particular circumstances in order to determine the best strategy for their situation. For example, the income tax situation for an individual who is a few years away from retirement and needs to adjust his portfolio will be very different from that of an individual who is retired and drawing on her investments to fund living expenses.

It will also be different from an individual who is still working and has significant liquid assets and investment income from a managed account. Since the income tax strategies for each of these scenarios will be different, we’ll provide customized tax planning services that are appropriate to each situation — with the goal of creating strategies designed to meet each individual’s short- and long-term objectives.
Real estate brokers and realtors
These real estate professionals often choose the wrong entity structure. For example, they are often taxed as sole proprietors by default. As a result, many end up overpaying self-employment taxes.

And given the uneven nature of real estate commission payments, many brokers and realtors incur estimated tax penalties for failing to pay quarterly estimated taxes on time. We can help brokers and realtors avoid these tax penalties with advanced planning and accurate estimating.
Real estate developers
In addition to choosing the right entity structure, these real estate professionals also face challenges related to the effective use of LLCs, capitalization of costs and interest, and the treatment of active vs. passive income.

For example, real estate developers must identify the right strategy to realize more income from capital gains treatment at lower rates vs. ordinary income rates for active income. We can help developers choose the best strategy for their particular situation.
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Let us help you with your Real Estate Accounting needs

We’re a progressive Tax CPA firm that focuses on each on our clients’ needs and circumstances to provide tailored services and solutions that address their situation. It’s not the “one size fits” all approach that you find at the big box store—it’s a calculated and measured process to ensure that the result is only the very best.

“Great work follows great fit. We  promise our clients award‑winning and  strategically designed experiences for a  digitally driven world.”

Israel morris | business OWNER

In 2007 I started a non profit 501c3 corporation to promote arts programs in public elementary schools. I was in need of a reliable professional accountant that could help me through the process of implementing a strong and well planned accounting program. Max Panchuk was recommended and his support, skill, and dedication has been more than I ever expected.

Steve Petersen, CEO | Steve Petersen Productions, Inc. 501c3

“Great work follows great fit. We  promise our clients award‑winning and  strategically designed experiences for a  digitally driven world.”

Thomas Doe | business OWNER
Call us: (760) 424-2246