ABOUT SCOTT
In May 2019, Scott was selected as a senior analyst in RSM’s cutting-edge Industry Eminence Program, which positions its senior analysts to understand, forecast and communicate economic, business and technology trends shaping the industries RSM serves. These senior analysts advise clients on conditions influencing middle market leaders. Scott’s focus is on the real estate industry.
Summary of experience
Scott is a senior tax advisor in RSM’s Chicago-based national real estate industry practice focusing on consulting and compliance for a variety of real estate entities. With more than 10 years of niche experience in the real estate private equity space, Scott provides comprehensive tax services to a large range of real estate owners. Clients include, but are not limited to, real estate investment trusts (REITs), opportunity funds, joint ventures and family offices.
Scott has significant experience in federal and state tax consulting, structuring and compliance for real estate clients, and regularly consults on matters such as REIT suitability analysis, state and foreign withholding considerations and tax-exempt investor (UBTI) issues including fractions rule structuring and compliance. Additionally, Scott advises clients on the acquisition, development, and disposition of various real estate projects across a range of product types (multi-family, commercial, industrial, senior living, etc.) and the representation of clients before the IRS and other state taxing agencies.
Professional Affiliations and Credentials
- Certified Public Accountant
- American Institute of Certified Public Accountants
- Illinois Society of Certified Public Accountants
Education
- Master of Science, taxation, DePaul University
- Master of Science, with a concentration in taxation, University of Illinois at Urbana-Champaign
- Bachelor of Science, accountancy, with honors, University of Illinois at Urbana-Champaign
Recent Perspectives
INSIGHT ARTICLE
Policy snapshot: Real estate
Based on Biden’s campaign platform, long-term capital gains, currently taxed at 20%, would be taxed at ordinary income rates.
INSIGHT ARTICLE
2020 Election preview: Real estate
With the election approaching, RSM is looking at the economic stakes and the key issues for various industries.
INSIGHT ARTICLE
Forgiving commercial real estate debt brings tax implications
Forgiving commercial real estate debt brings tax implications: RSM tax professionals are working on solutions.
INSIGHT ARTICLE
Real estate industry outlook
New trends are emerging in the real estate industry that will have a lasting impact on where we live, work and learn.
INSIGHT ARTICLE
Tax implications of the CARES Act on the real estate industry
The Coronavirus Aid, Relief and Economic Security Act has led to significant tax changes and relief for real estate owners and operators.
INSIGHT ARTICLE
How the real estate industry can benefit from ESG investing
RSM and Preqin discuss environment social governance and the impact it has on the decision-making process for real estate investment.
INSIGHT ARTICLE
Huge travel-related losses expected in 2020 due to COVID-19 pandemic
The U.S. travel industry is expected to see a 75% revenue drop over the next two months alone, according to one economic report.
INSIGHT ARTICLE
As coronavirus spreads, pain goes beyond hospitality and travel
As the human and economic toll of the Coronavirus mounts, the real estate industry is wondering where it can safely place its bets.
INSIGHT ARTICLE
How ESG is affecting the real estate and construction industries
ESG considerations will become all the more vital in the coming years for all types of real estate and construction companies.