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Updated about 3 years ago on . Most recent reply presented by

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Zachary Spade
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Where should I go for taxes?

Zachary Spade
Posted

This will be the first year Im filing with my rental properties and was thinking I should go somewhere a little better than H and R block like I have in the past, I have all my receipts from the remodle and anything else Ive put into the properties this last year and want to make sure I get the most back. Ive found a good CPA in my city but Im worried they might be a little pricey or more than what I need? My 9-5 job is only about 35k a year.

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Joe Martella
  • Rental Property Investor
  • Cherry Hill, NJ
496
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626
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Joe Martella
  • Rental Property Investor
  • Cherry Hill, NJ
Replied

I would recommend that you not go to H&R Block to get your taxes done.  Generally, the people preparing your taxes there are doing just that.  They aren’t CPAs that know the tax law.  I would strongly suggest that you get an actual accountant.

The next question is who should I hire? If you are looking for a local CPA, I recommend that you go to a local REIA meeting and ask the investors there who they use. If you are good with a remote accountant, there are many on here that answer questions. One CPA has a thread just to answer questions on BP.

Not all CPAs are created equal.  You need to talk to them to see who you feel comfortable working with.   

I hope this helps.  Good luck and welcome to landlording.  

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