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Updated about 1 year ago on . Most recent reply

User Stats

38
Posts
10
Votes
Luke Tetreault
  • Investor
  • Horseheads NY
10
Votes |
38
Posts

Finding a good CPA

Luke Tetreault
  • Investor
  • Horseheads NY
Posted

Has anyone had troubles in their early years of investing finding a responsive CPA? I am on my second CPA / Advisor and continually running into the same issues. I do a little bit of everything, flip homes, hold rentals, and have a few air BnB's. I know there are so many different advantages of holding some of these properties and im just not getting any guidance. They have been the send everything in at the end of the year and let me know what my taX bill will be type. I'm looking for more guidance throughout the year, when hired that is what I was told I would be receiving and it's just not happening. And its not because I went with a cheap company, I did the opposite to try and insure quality. I want to stay on top of everything as the year goes on, and if I can make any decisions to help save on taxes. I want to be prepared. There's so many reels on social media explaining so many different loop holes and I feel like I'm missing out on the advantages of real estate. Just wondering if this is a common feeling to have, or any recommendations of CPAs / Advisors who really work with you. Thank you! 

  • Luke Tetreault
  • Most Popular Reply

    User Stats

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    Michael Plaks
    #1 Tax, SDIRAs & Cost Segregation Contributor
    • Tax Accountant / Enrolled Agent
    • Houston, TX
    6,014
    Votes |
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    Michael Plaks
    #1 Tax, SDIRAs & Cost Segregation Contributor
    • Tax Accountant / Enrolled Agent
    • Houston, TX
    Replied

    @Luke Tetreault

    I believe these two posts can provide some helpful background regarding your concerns:

    https://www.biggerpockets.com/forums/51/topics/1088325-expla...

    https://www.biggerpockets.com/forums/51/topics/998718-explai...

  • Michael Plaks
  • Loading replies...