Licensed in Illinois and able to practice in other states

Accounting for Real Estate

I have 35 plus years of experience in accounting and income tax in the real estate area. This includes consulting and specialty areas like 1031 Exchanges. The job is not completed until my client is satisfied. I encourage my clients to do some of the work if they want. My clients include brokers, developers, traders and property owners — both rental and non rental.

1031 Exchange

A 1031 (tax-deferred) Exchange involves selling a qualifying property and acquiring another qualifying property within a specific time frame. Exchanging, as opposed to selling and buying a property qualifies the taxpayer for deferal of the payment of income taxes

If you are thinking of selling your existing property you should definitely consider this option. Otherwise, you will pay income taxes when you file your tax return, capital gains at best, ordinary rates at worst.

As an expert in 1031 Exchanges, we will advise you how to:

• minimize taxes
• protect your assets and
• maximize profits

Our firm works with several qualified intermediaries to provide these exchange services. Together we will help you maximize your gains from your real estate investments.

Why Real Estate Investors Choose Us

Specialized Focus on Real Estate

Many accounting firms offer general services—but real estate is a niche that demands specialized knowledge. With 35+ years focused in this area, we understand the unique tax codes, timing strategies, and documentation requirements that come with real estate transactions. We’ve built long-standing relationships by delivering more than just reports—we deliver peace of mind. We also collaborate with trusted real estate finance brokers in Palatine, Illinois, ensuring our clients have access to well-rounded financial insight and support.

Collaborative and Flexible

Want to handle part of your recordkeeping? We’ll show you how. Prefer to delegate everything? We’ve got you covered. Our flexible approach means you stay in control while having expert support every step of the way.

Our Approach to Real Estate Accounting

Our accounting process is built around your investment lifecycle—from acquisition to disposition. Here’s what you can expect:

Transaction-Centered Support

We handle all the moving pieces—capital expenditures, depreciation, asset sales, and cost segregation. You’ll know exactly where your money is going and how it impacts your tax position.

Strategic Planning & Advisory

We work proactively to help you reduce taxable income, make use of IRS incentives, and structure your holdings in a way that builds long-term profitability.

Compliance Without Complication

We keep you ahead of deadlines, updated on regulation changes, and audit-ready—so you can focus on building your real estate business, not worrying about IRS penalties.

Understanding 1031 Exchanges

One of the most powerful tools available to real estate investors is the 1031 Exchange—a way to sell an investment property and reinvest the proceeds into another like-kind property without paying taxes immediately.

Here’s how we help you make the most of it:

• Navigate IRS Rules: We’ll guide you through what qualifies and what doesn’t.
• Time It Right: From the 45-day identification period to the 180-day closing window, we’ll keep you on track.
• Work with Trusted Intermediaries: We partner with experienced professionals who act as your neutral third party.
• Maximize Return: Done right, a 1031 Exchange lets you grow your investments without the tax drag.

If you’re thinking of selling, now is the time to explore this option. Failing to use it could mean paying unnecessary taxes—something we’re here to help you avoid.