MWA is now CLA

We are excited to share that we plan to join CLA (CliftonLarsonAllen LLP) on November 1, 2018. CLA is a national professional services firm that, like us, has developed an approach to business grown out of a passion for the businesses in our communities and a deep concern for the people who make them run. Please click here for more information:

https://www.claconnect.com/media/mwa-cpa-and-business-advisory-firm-joins-cla


As CLA, we can offer you even deeper knowledge and capabilities when you need it — while retaining the agility we have today.
All told, this transition should feel seamless. Take a look at CLAconnect.com to get a feel for CLA — creating opportunities for businesses, individuals, and communities through industry-focused wealth advisory, outsourcing, audit, tax, and consulting services.
If you have any questions or concerns, please do not hesitate to contact us. We look forward to continuing to serve you.
 

How We Drove Our Client’s Real Estate Deal from Offer to Closing

Client Profile

One of our real estate clients envisioned an exciting new way of structuring a Section 1031 like-kind exchange for a deal with the intention of deferring capital gains tax on the transaction. 

Pain Point

Our client was the promoter on a deal where the investors would be part of a co-ownership structure while still enjoying the tax benefit of a Section 1031 exchange through the use of a Delaware Statutory Trust (DST). The client had already researched this potential deal structure and needed guidance about whether it was a viable option. 

The Right Solution

We really enjoy taking on new challenges like this, and our extensive experience in the real estate industry enabled us to compile a tremendous amount of conclusive research surrounding DSTs and the client’s desired 1031 exchange. Our research led us to using a Tenants In Common (TIC) solution, and we clearly identified the specific structural requirements and helped the client understand how the transaction should be conducted from beginning to closing. Our client completed the transaction and deferred hundreds of thousands in tax liability for his investors.

Above and Beyond Results

We gave our client peace of mind by preparing a supporting memorandum that substantiated the deal, helping the client draft communications to the investors and supporting the client’s legal team to ensure every step of the transaction was conducted properly. 

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