CPA Recommendation in ID

[Megan Herrington]

Would love a new CPA in Idaho. Last tax guy messed up a lot and I caught a lot of his mistakes. We have two rentals rent by room and a househack duplex. We also have a finish carpentry business. Does anyone in the Boise ID area have any recommendations?

[Michael Plaks]

Quote from @Megan Herrington:

Would love a new CPA in Idaho. Last tax guy messed up a lot and I caught a lot of his mistakes. We have two rentals rent by room and a househack duplex. We also have a finish carpentry business. Does anyone in the Boise ID area have any recommendations?

Sorry to hear about the mistakes.

Please read this post about finding a CPA:
https://www.biggerpockets.com/forums/51/topics/1222774-expla...

[Sean O'Keefe]

Quote from @Megan Herrington:

Would love a new CPA in Idaho. Last tax guy messed up a lot and I caught a lot of his mistakes. We have two rentals rent by room and a househack duplex. We also have a finish carpentry business. Does anyone in the Boise ID area have any recommendations?

That's unfortunate. Sorry to hear that.

@Michael Plaks comments in this recent post on making sure the person you hire understands real estate sounds really relevant to your situation. 

[Bill Hampton]

@Megan Herrington

Bigger Pockets is a great place to find a real estate tax accountant. 

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.

I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.

You may want to consider working with your accountant remotely to expand your options.

I would also recommend looking for a accountant willing to work with you throughout the year. You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.

Good luck.

[Aaron Zimmerman]

Sorry to hear about the mistakes. Unfortunately, errors happen in every industry. I hope it wasn't too costly. I think what you're looking for is a real estate CPA as opposed to someone local (unless you value a local relationship). Getting the federal return correct is the most important and with owning two properties, there could be some positive tax benefits. Also - owning a business has lots of opportunities too!