Services
Industries
Overview
Kadir Sunardio has been with ORBA since December 2000. Kadir is an integral member of our firm’s auditing and accounting services practice and is the senior manager on many of his clients, including real estate investment companies, real estate management companies, homeowner associations, HUD projects, benefit/retirement plans, service providers and not-for-profit entities. For these clients, he has led many audit engagements, prepared all of the necessary tax filings, and performed tax and accounting research for them. In addition, he has been involved in representing clients in corresponding with the IRS and the U.S. Tax Court.
Services
Industries
Overview
Kadir Sunardio has been with ORBA since December 2000. Kadir is an integral member of our firm’s auditing and accounting services practice and is the senior manager on many of his clients, including real estate investment companies, real estate management companies, homeowner associations, HUD projects, benefit/retirement plans, service providers and not-for-profit entities. For these clients, he has led many audit engagements, prepared all of the necessary tax filings, and performed tax and accounting research for them. In addition, he has been involved in representing clients in corresponding with the IRS and the U.S. Tax Court.
Proactive
Kadir does not shy away from putting in the extra effort to ensure his clients overall well being. He believes that clients should never have to sacrifice one thing for another, such as accuracy for efficiency or personal attention for reasonable fees. It is his opinion that clients should be able to have their cake and eat it too.
Outside of the Office
Kadir is not afraid to take on new challenges that come his way. Whether it is a new business engagement or the challenges of learning three Chinese dialects, he is always eager to take on a challenge. He has enjoyed traveling to the Far East as well as 30 of the 50 states. He loves to read in his spare time and also enjoys assisting friends in acquiring rental properties.
Civic Activities
- Dream On Education, Treasurer
Certifications & Licenses
- Certified Public Accountant
- CERTIFIED FINANCIAL PLANNER®
Memberships & Affiliations
- American Institute of Certified Public Accountants
- Illinois CPA Society
- Le Tip International Founder and Former Treasurer, Greater North Suburban Chapter
- National Association of REALTORS®
Education
- B.S., Accountancy, University of Illinois at Urbana-Champaign
- M.S., Policy and Economics, University of Illinois at Urbana-Champaign
Blogs
Valuation Matters: Appraisers Apply Four Tests to Determine Highest and Best Use
An important factor for an appraiser to consider when valuing real property is its “highest and best use.” This article reviews the four tests appraisers typically apply to determine that use.
Crowdfunding Comes to Commercial Real Estate
You have probably heard of Kickstarter and other popular crowdfunding platforms that are used to obtain funding from individual investors for everything from independent movies and music to health care and legal expenses. In the past few years, crowdfunding platforms have also popped up to offer individuals a way to invest in commercial real estate […]
Using Blockchain to Build a Better Real Estate Transaction
Blockchain technology first gained attention as the digital ledger that makes Bitcoin transactions possible. Today, it has migrated to other areas that could benefit from a distributed, unalterable ledger. Here’s some valuable information for commercial property investors who are unfamiliar with how blockchain can benefit them.
Ask the Advisor: Is Defeasance Right for Me?
As the real estate market has improved in many parts of the United States, and interest rates are poised to climb in the near future, many property owners are considering pursuing defeasance to exit their loans. Many, however, do not really understand what is involved. This article provides input on how defeasance works and when it is best to use it.
Key Considerations of Going Solar
With interest in solar power soaring in recent years, savvy commercial property owners with plenty of rooftop space or other types of large open areas are determining whether to use some of that space for solar panels. Solar installations can cut operating costs, reduce taxes and even create an additional revenue stream. This article explains how solar power can also come with complex issues that require careful consideration.
Real Fixer-Uppers: ETFs Drive Infrastructure Improvements
Exchange-traded funds have continued to grow in popularity and have gathered assets at a rapid pace. They trade like stocks and have the diversity of mutual funds. As this blog explains, ETFs may offer a safer, more dependable income stream than some other types of real estate investment options, as many governments are ready to spend trillions of dollars on infrastructure projects.
How to Protect Your LLC Investments
Real estate owners and developers often form limited liability companies (LLCs) to hold title to property. One key reason for making the switch is that LLCs limit personal liability. While these entities do offer protection from personal liability for the debts and liabilities of the entity itself, some exceptions exist that could drain an owner’s or developer’s personal finances. This article discusses some of the ways that personal liability can exist and how it can be minimized.
Several options are available for giving real estate to charity. Each option can produce a charitable tax deduction and help avoid taxes. Some options could even leave the donor with an income stream for a period of time. This article takes a look at outright gifts, bequests, charitable remainder trusts and “bargain sales.”
Newsletters
Real Estate Group Newsletter – Winter 2019
Our Real Estate Group’s Winter 2019 Newsletter discusses seller financing and if it’s a viable option for investors, as well as insight on the Opportunity Zone tax incentive.
Real Estate Group Newsletter – Winter 2018
Sitting Pretty – Real Estate Industry Among the Big Winners on New Tax Law JEFFREY NEWMAN, CPA, JD By passing the Tax Cuts and Jobs Act (TCJA) in late December 2017, Congress granted the holiday wishes of many involved in real estate. While the TCJA brought good cheer for the business community in general, the […]
Real Estate Group Newsletter – Winter 2017
ORBA’s Real Estate Group Newsletter is a quarterly publication focused on effective real estate practice management. The Winter 2017 issue includes two articles: “Passive Activity Self-Rental Rule Applies to S Corporations ” and “The Tax Court Weighs In: Lessee’s “Project Costs” Payment is Rental Income for Lessor.”
Real Estate Group Newsletter – Winter 2015
The ORBA Real Estate Newsletter is a quarterly publication focused on effective business management. The Winter 2014 issue includes two articles, When an Owner of Real Estate Contemplates a Sale and How a Trust Qualified for an Exception to PAL Rules.
Real Estate Group Newsletter – Winter 2014
Although much of the nation has seen an increase in home sales, there are still areas in the United States that are dealing with sluggish markets. If you find yourself in this situation, it may be better to surrender the property rather than try to satisfy the loan obligations. But be careful. Why? Because discharging the debt may lead to unwelcome tax consequences.
