SOURCE: Charles A. Barragato & Co. LLP

June 15, 2015 06:00 ET

CAB CPAs Real Estate Tax Compliance and Advisory Practice Provides a Value-Add to Real Estate Investors and Owner / Operators

NEW YORK, NY--(Marketwired - June 15, 2015) - Charles A. Barragato & Co. LLP ("CAB"), CPAs and Trusted Business Advisors, provides specialized tax advisory and compliance services to residential and commercial real estate investors and lenders/distressed debt purchasers. Led by partner Robert Tavis, this specialty service demands an in-depth knowledge of the real estate industry as well as the unique tax rules and myriad financing structures utilized to invest in this space.

Says Rob, "The economic downturn of 2007 to 2009 caused a considerable amount of real estate ownership disruptions. As with any downturn, there are opportunities for entrepreneurs. For example, some capitalized on this downturn by purchasing distressed mortgage debt at significant discounts, often with the goal of obtaining ownership of the underlying collateral. However, most investors are unaware of the complex tax laws relating to the ownership and modification of distressed debt; which often have consequences that are not based on economic reality. Needless to say, there was, and is, a premium placed on properly structuring the acquisition of distressed debt and working closely with clients to avoid unintended gain recognition."

Jeff Aeder, Chairman and co-founder of Chicago-based JDI Realty LLC adds, "Analyzing a contemplated distressed debt or real estate purchase and then developing an efficient tax structure in many ways helps drive the economics for our investors. The tax professionals at CAB are leaders in this field. We have depended on them for the past 15 years to deliver cutting-edge real estate tax structuring advice and compliance services, and they always deliver timely and with creative ideas."

About CAB

Charles A. Barragato & Co. LLP ("CAB"), CPAs and Trusted Business Advisors, provides tax, accounting and business advisory services across major markets to a diverse clientele, including high net-worth individuals and affluent multi-generational families, real estate investors and developers, exempt organizations and healthcare providers such as hospitals, physicians and the proprietary businesses serving them.

For further information about CAB's full range services, please visit our website www.cabcpa.com or call (212) 371-4446 and ask for Chuck Barragato, managing partner.

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