Tax Credit Specialist

2 weeks ago


Chicago, Illinois, United States Colliers International Full time

About Colliers International

We're a leading global real estate services company, and we're looking for a talented professional to join our team as a Tax Credit Specialist. As a key member of our team, you'll play a crucial role in helping our clients maximize tax savings by analyzing fixed assets and federal tax depreciation methods.

Key Responsibilities

  • Conduct research and apply relevant tax codes to determine appropriate recovery periods and in-service dates.
  • Perform site inspections to identify all depreciable properties.
  • Conduct takeoffs using blueprints and physical site inspections.
  • Prepare detailed analyses of construction costs and the depreciable tax basis of recently constructed, acquired, or renovated properties and look back studies.
  • Estimate unit costs using costing programs such as RS Means and industry-standard techniques.
  • Review clients' historical fixed asset depreciation schedules, current year capital maintenance plans, and repair and maintenance costs for accurate tax accounting.
  • Analyze construction cost ledgers, contractor payment applications, and other cost documentation, reconciling them with accounting records.
  • Evaluate property data through records, appraisals, and tax assessments.
  • Write reports and prepare forms (e.g., IRS 3115) to support analysis findings.
  • Train staff and expand the practice.

Requirements

  • Undergraduate degree in Engineering, Architecture, Building Construction, or related field.
  • 10+ years of direct cost segregation experience and/or capital asset accounting and depreciation.
  • Strong knowledge of building systems, construction techniques, and construction documentation (i.e., AIA forms G702 and G703, change order logs, project cost summaries, etc.).
  • Strong knowledge of construction cost estimating techniques (i.e., Marshall & Swift Valuation Service, R.S. Means).
  • Strong knowledge of Federal tax law relating to fixed assets and depreciation (Section 1245 and 1250 property, Rev Proc. 87-56, IRC 168, etc.), Federal tangible property regulations, and the Tax Cuts and Jobs Act.
  • Confidence and professionalism to effectively communicate via email, phone, and in person.
  • Computer proficiency in MS Office (Outlook, Word, Excel, and PowerPoint).

What We Offer

Colliers International provides equal employment opportunity to all persons. No employee or applicant for employment will be discriminated against because of race, creed, origin, marital status, sexual orientation, age, otherwise qualified disabled or veteran status, or any other characteristic protected by law.



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