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Updated about 3 years ago on . Most recent reply

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4
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Xavier Karikitan
  • New to Real Estate
  • San Bernardino, CA
3
Votes |
4
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Looking for advice about taxes

Xavier Karikitan
  • New to Real Estate
  • San Bernardino, CA
Posted

We're four rookies out in Southern California. We took the advice from a lot of the users here at BiggerPockets and formed an LLC. We started in mid November and want to start things off right and make sure our taxes are in order. We thought it wise to start keeping track of everything we spent from November 15th to present. We want to establish a relationship with a CPA to help keep us out of trouble with taxes. Any advice on what to look for in a CPA or where to even get started would be much appreciated. We've looked on yelp and other avenues but totally forgot about BiggerPockets

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1,602
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Daniel Hyman
  • CPA
  • Milwaukee, WI
1,602
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2,070
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Daniel Hyman
  • CPA
  • Milwaukee, WI
Replied

@Xavier Karikitan

A multi member LLC has particular tax compliance requirements. You probably know this, but it's critical to have a CPA that gets real estate. Ask open ended questions to potential candidates in order to get a feel and see who you click with.

  • Daniel Hyman
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My Online Accountant
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