Historic Tax Credits
Experienced guidance on historic tax credit projects
Freed Maxick offers developers a depth and breadth of professional services to assist in navigating the historic tax credit (HTC) arena. Our HTC team works through the deal from start to finish, providing innovative solutions to underlying tax, structuring, compliance and business issues encountered throughout the development and application process. Our Firm has helped several developers achieve their economic goals through the federal and state benefits that come from historic rehabilitation projects.
Extensive Tax & Consulting Services
Freed Maxick’s HTC services are based on our extensive experience with business and transactional issues inherent in financing and developing historic tax credit projects. We are committed to providing a thoughtful and innovative approach to ensure that our client’s needs are met. Our HTC industry experience includes various services in connection with the investment tax credit under IRC section 47 and state historic tax credit programs including:
Transaction, Tax & Compliance Consulting
- Transaction and entity structuring
- Financial projections and analysis
- Identification and resolution of key tax and business issues
- Debt and equity finance advice
- Evaluation of equity investment proposals
- State historic tax credit subsidy analysis
- State tax credit application assistance
- Tax capital basis analysis
Accounting Services
- Cost certifications for qualified rehabilitation expenditures
- Annual audits and financial statements
- Annual tax compliance
- Agreed upon procedure reports
Investor Services & Consulting
- Evaluation of financial projections from the investor perspective
- Financial feasibility analysis
- Analysis of historic investments on book earnings
- Analysis of Internal Rate of Return (IRR) and Return on Investment (ROI) metrics
- Capital adjustor calculation