Mark Kavanaugh has joined New York-based CohnReznick LLP (FY14 net revenue of $508.2 million) as a tax partner and member of the firm’s affordable housing industry practice. He is based in the firm’s New York office.
Kavanaugh brings more than 24 years of public accounting experience developing expertise in partnership, corporate and individual taxation for the real estate industry. He brings a comprehensive understanding of the significant impact, both beneficial and detrimental, that income taxation has upon real estate development and ownership. Kavanaugh’s areas of focus have included planning, research and compliance with respect to partnership allocations, the low income housing tax credit, historic rehabilitation tax credits, brownfield redevelopment tax credits, long-term contracts, IRC Section 1031 like-kind exchanges, cancellation of indebtedness and taxation of high-net-worth individuals.
“Mark and I will work closely together to further the firm’s significant expansion of the affordable housing industry practice in the New York metro area,” says Bill Riley, CohnReznick partner and Northeast regional director for the firm’s affordable housing industry practice.
Prior to joining CohnReznick, Kavanaugh was the founding partner of a New York City-based accounting firm that provides deal structuring, audit, taxation and financial analysis services to developers and owners of real estate.
“Mark’s vast experience with the tax issues impacting the affordable housing sector will have a great impact on our New York office, and our current and future clients. We’re delighted to have him on board,” says Steve Mayer, OMP, New York.