Mark Patterson, vice president of tax at Duke Realty Corp. (NYSE: DRE), joined REIT.com for a video interview at REITWise 2017: NAREIT’s Law, Accounting & Finance Conference in La Quinta, California.
Patterson commented on some of the challenges faced by REIT tax directors. He stressed that directors need to focus on REIT compliance rules, getting the tax returns out and staying abreast of new tax developments.
Patterson noted that technology is playing a crucial role in accounting activities as the work load continues to expand.
Meanwhile, in order to maximize compliance with REIT tax rules, Patterson underscored the need for a REIT tax director to stay in touch with the company’s CFO and CAO in order to ensure that all parties are in sync.