Tax Manager- Real Estate

Ascend Partner Firms•Boston, MA

12h

About The Position

We are seeking an experienced Tax Manager with deep expertise in real estate to oversee tax compliance, planning, and advisory services for real estate clients, including partnerships, funds, and high-net-worth investors. This role requires a strong understanding of the real estate industry’s economic and operating structures, as well as the ability to interpret complex partnership agreements and apply advanced tax regulations. The ideal candidate will serve as a strategic advisor to clients on structuring, transactions, and ongoing tax matters specific to real estate investments and operations.

Requirements

Bachelor’s or Master’s degree in Accounting, Tax, or a related field
Minimum of 6 years of public accounting experience, with a strong focus on real estate clients
Demonstrated expertise in real estate partnership taxation and underlying industry economic models
Extensive experience reviewing partnership tax returns and interpreting complex operating agreements
Strong technical knowledge of: IRC Sections 704(b), 704(c), 752, and 754; 1031 exchanges, disguised sale rules, and partner basis/at-risk rules; Section 163(j), Section 199A, and UBTI reporting; MACRS and ADS depreciation methodologies; Debt-financed distributions and interest tracing rules; State Pass-Through Entity Tax (PTET) matters
Proven ability to lead and manage teams while handling multiple client engagements
Strong analytical, research, and problem-solving skills with attention to detail
Excellent communication skills, with the ability to explain complex tax concepts to clients and stakeholders
Ability to exercise independent judgment and provide strategic recommendations on client tax matters

Responsibilities

Manage multiple client engagements within the real estate sector, including partnerships, real estate funds, and closely held entities
Serve as the primary point of contact for clients, including owners, investors, and senior stakeholders, providing proactive tax planning and advisory services
Review and oversee preparation of complex partnership tax returns, ensuring accuracy in allocations, reporting, and compliance
Interpret and apply partnership operating agreements, including capital account provisions, distribution waterfalls, income/loss allocations, and liability allocation provisions
Advise clients on real estate-specific tax matters, including structuring acquisitions, dispositions, and financing transactions
Apply technical expertise in key tax areas such as: IRC Sections 704(b), 704(c), and 752 allocations, Section 163(j) business interest limitations, Section 199A qualified business income deductions, UBTI reporting considerations
Oversee tax treatment of real estate transactions, including 1031 exchanges, disguised sales, and debt-financed distributions
Analyze and apply depreciation methods, including MACRS and ADS, and advise on cost recovery strategies
Provide guidance on partner basis, at-risk limitations, and Section 754 step-up elections and adjustments
Advise on state and local tax considerations, including Pass-Through Entity Tax (PTET) regimes
Identify and resolve complex tax issues through research, technical analysis, and consultation
Act as a strategic business advisor to clients, providing insights on growth, structuring, and exit strategies within the real estate lifecycle
Develop and mentor staff, manage project budgets and workflow, and contribute to training initiatives
Participate in business development efforts, including expanding relationships within the real estate client base