David P. McKelvey

David works with companies in a broad range of sectors, specializing in tax issues related to apparel, consumer products, real estate and construction industries. He applies his knowledge and insight to meet the needs of these clients, their banks and other credit grantors, including sureties and factors.  David cuts to the essence of complex matters and devises practical and effective solutions.

His expertise includes:

• Taxation of real estate owners/developers and construction contractors
• Designing and implementing effective succession plans and buy/sell plans
• Taxation and uses of ESOPs and insurance captives
• Tax basis job costing and look-back analysis
• Buy/sell analyses for properties and developments
• Cost segregation studies
• Section 1031 planning
• Corporate consolidation and business operating structure
• Capital gains maximization strategies
• Personal financial planning
• Tax basis partnership tax accounting
• Merger and acquisition deal structuring and tax reporting
• Entity selection and organizational structuring and restructuring
• Representation in tax controversy matters

David is an experienced writer and speaker, addressing a wide range of topics for real estate and construction professionals, including income taxes, sales taxes, multi-state planning, capital gain planning, ESOPs, insurance captives and tax planning. He has been a featured speaker at the American Institute of Certified Public Accountants' Annual Construction Conference.

Affiliations

• American Institute of Certified Public Accountants
• Construction Financial Management Association, Tax and Legislative Affairs Committee, Past Member
• New York Construction Magazine, Contributing Writer
• New York State Society of Certified Public Accountants
• Long Island Community Foundation, Member of the Professional Advisory Committee
• Tomorrow's Hope Foundation, Member of the Board of Regents
• American Heart Association (Long Island), Co-Chairman of the Annual Golf Outing
• Real Estate Institute at Stony Brook University, College of Business, Board Member