Since 1987, Dauby O’Connor & Zaleski, LLC (DOZ) has been specializing in the Affordable Housing Industry which allows us to help our clients navigate and succeed in a very complex regulatory environment. We believe in linking arms of our clients with regulatory agencies to provide quality affordable housing for all. Owners, managers, developers and syndicators in the Affordable Housing Industry continually rely on the expertise provided by DOZ.
DOZ performs over 3,100 audits annually for real estate entities owning and managing multifamily apartment communities and 100 syndicated funds that have been formed to invest in these entities. The annual audits are typically a requirement of the financing documents or entity formation agreements. We stay current with generally accepted accounting principles (GAAP) and generally accepted auditing standards (GAAS) and receive continuous training in audit, accounting, government and compliance issues.
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DOZ prepares the annual federal and state income tax returns for over 3,000 multifamily housing related entities. The ownership entities include partnerships, regular C corporations, sub chapter S corporations, limited liability corporations, not-for-profit corporations, and individuals. DOZ has been engaged to perform research in the complex body of tax law applicable to real estate, and as a leader in the industry has valuable expertise in the area of Low Income Housing Tax Credits. DOZ has devoted substantial time and resources working with our clients in order to understand and comply with the new requirements applicable to IRS form 990.
DOZ provides a vast array of consulting services to developers, owners and managers within the Affordable Housing Industry. DOZ has become well known and respected nationally for its expertise relative to the Low Income Housing Tax Credit (LIHTC) program.
Our services include assistance and with the LIHTC application process required to receive a reservation of LIHTC, 10% cost certifications required to carryover LIHTC reservations, review of entity formation and loan documents, assistance in the negotiations with syndicators and lenders, final cost certifications required for issuance of IRS form(s) 8609, agreed upon procedures engagement for compliance monitoring, arbitrage rebate calculations relative to tax-exempt bond financed properties, and consultation with respect to partner interest valuations and exit strategies.