Target Capital Account
Partnership and real estate tax

The objective tax read on your partnership deal.

An operating agreement decides who really pays the tax. We read yours and tell you, in plain English, whether it holds up.

Find your starting pointSee how it works
Red-Flag Report
12-point tax review
Capital accountsClear
Preferred returnClear
Waterfall tiersReview
Phantom incomeFlag
Loss allocationsFlag
Sec. 704(b)Review
Built by a CPA who reads operating agreements for a living·The same 12-point tax review every time·Sponsors, investors, and law firms
Who we help

Three seats at the table. One straight answer.

Investors
Your Investor Tax Advocate
Vet a deal’s tax terms before you invest, so the K-1 holds no surprises.
from $500→
Sponsors
Your Tax Optimization Advisor
Fix the tax structure while it is still cheap to change, before the PPM is drafted.
from $1,500→
Attorneys
Your Fractional Tax Advisor
A partnership-tax review desk for your firm, delivered under your own brand.
pilot pricing→
How it works

Straightforward, on your timeline.

01

Send the documents

Upload the operating agreement and offering materials. There is nothing to schedule to get started.

02

The 12-point read

Every deal goes through the same tax review: allocations, waterfall, phantom income, and K-1 impact.

03

A plain answer

You get a scorecard and a conversation: what is clear, what to fix, and what to ask before you sign.

Substantial economic effectClear
Qualified income offsetClear
Deficit restorationReview
Minimum gain chargebackFlag
Phantom income exposureFlag
The deliverable

Clear answers in plain English.

Every review comes back as a scorecard. The same twelve tax checkpoints, each marked green, yellow, or red, with the reason and the fix written so you can act on it.

See what fits you
Free primer

Operating agreement taxes, in five short emails.

A free 5-day course on allocations, phantom income, and what your K-1 is really telling you. Plain English, no fluff.

Five emails over five days. Unsubscribe anytime.

Before you sign, structure, or advise, get the tax read.

Find your starting point