Real Estate Taxation In Tacoma
The Nash Group P.S., Certified Public Accountants
At The Nash Group P.S., Certified Public Accountants, we collaborate with dedicated entrepreneurs in home services, trades, and construction to strategize and achieve financial and life goals.
We believe that business leaders in these essential industries create a better world for everyone.
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The Nash Group specializes in being your CPA for real estate by providing comprehensive tax services tailored for real estate professionals, investors, and developers. Our team of experts understands the unique complexities of the real estate industry, offering strategic tax planning, compliance, and advisory services to maximize deductions, optimize tax strategies, and enhance profitability. Whether you’re dealing with property acquisitions, sales, 1031 exchanges, or rental income, The Nash Group helps you navigate the tax landscape with confidence and efficiency, ensuring you make the most of your investments.
Rental Property
Handling tax returns for rental properties involves reporting all rental income and expenses to the IRS. CPAs for real estate can help rental property owners navigate the complex rental tax laws. Landlords must declare their rental income and may deduct various expenses such as mortgage interest, property taxes, repairs, maintenance, insurance, property management fees, and depreciation.
Properly managing these deductions can significantly reduce taxable income, potentially lowering the overall tax burden. It is essential to keep detailed records of all income and expenses related to the property to substantiate any deductions claimed. The Nash Group offers expert assistance in preparing accurate and compliant tax returns for rental properties, helping you maximize your deductions and minimize your tax liabilities.
Flippers & Contractors
The Nash Group offers specialized tax and financial services for home flippers, helping you navigate the complexities of short-term real estate investments. We provide expert guidance on maximizing deductions, managing capital gains, and optimizing tax strategies for quick turnarounds. Our team ensures you understand the tax implications of flipping properties, from cost basis adjustments to potential tax benefits like 1031 exchanges. We help you structure your transactions efficiently, plan for quarterly estimated taxes, and minimize your overall tax liability. With The Nash Group, home flippers can focus on finding great deals and increasing profits while we handle the financial details.
Real Estate Agents & RE Professionals
Real estate agents benefit greatly from partnering with The Nash Group, which offers specialized tax and financial services tailored to the unique needs of the real estate industry. Our team understands the complexities real estate agents face, from managing commission income and deductible expenses to planning for quarterly estimated taxes and optimizing tax strategies. We provide personalized guidance on tax planning, retirement savings, and cash flow management to help you keep more of what you earn and grow your business. With The Nash Group, real estate agents receive expert support to maximize their financial outcomes and achieve long-term success.
Cost Segregations & Tax Savings
Cost segregation is a tax strategy used by real estate investors to accelerate depreciation deductions and reduce taxable income. By identifying and reclassifying certain components of a property—such as fixtures, flooring, and HVAC systems—as personal property or land improvements, rather than part of the building structure, cost segregation allows these assets to be depreciated over shorter periods (5, 7, or 15 years) instead of the standard 27.5 or 39 years for residential and commercial properties, respectively.
This strategy can significantly increase cash flow by deferring tax payments and allowing for a quicker return on investment. Professional cost segregation studies are conducted by engineers and tax experts to ensure compliance with IRS regulations and to optimize the tax benefits available for real estate owners.
Visit our Cost Segregation page by clicking here to learn how The Nash Group can help you achieve tax savings with this strategy.
what we do
Comprehensive Service Offerings
We provide comprehensive support across tax prep, B&O, payroll, and sales tax, and pair it with proactive advisory, and proven strategies like cost segregation, smart entity structuring, and goal-aligned accounting, all delivered through a relationship-first approach that’s built on truly knowing your business.
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Location
2010 65th Ave West
Fircrest, WA 98466
Hours
Monday – Friday: 9 am – 5 pm
Saturday – Sunday: Closed