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Updated 3 days ago on . Most recent reply presented by

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161
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Nick Johnson
  • Rental Property Investor
  • San Diego, CA
15
Votes |
161
Posts

Tax Prep Advice (I have bookkeepers)

Nick Johnson
  • Rental Property Investor
  • San Diego, CA
Posted

I have two LLCs that hold a combined total of roughly 30 addresses. I have a bookkeeper for each LLC. I just need someone that handles RE to assist in Tax Preparation and filing.

I always file an extension and file my return in October. So I have time.

I live in CA and have W2 income here. I own RE in OH, MO, and IL. 

I just need a suggestion or three on which firms or companies are reliable for this task. The last CPA firm I used for the past 3-4 years doubled my tax prep/filing fee so I elected to move on this year. Thanks so much in advance!

  • Nick Johnson
  • Most Popular Reply

    User Stats

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    Michael Plaks
    #1 Tax, SDIRAs & Cost Segregation Contributor
    • Tax Accountant / Enrolled Agent
    • Houston, TX
    6,080
    Votes |
    5,183
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    Michael Plaks
    #1 Tax, SDIRAs & Cost Segregation Contributor
    • Tax Accountant / Enrolled Agent
    • Houston, TX
    Replied
    Quote from @Nick Johnson:
    Quote from @Michael Plaks:

    @Nick Johnson

    It may still be worth it to retain that firm is they did a good job. Tax service fees are rising across the board, and quality work is more difficult to find every year.

    Also, please read this:
    https://www.biggerpockets.com/forums/51/topics/1222774-expla...


    I’m simply not prepared to pay someone nearly $6000 to simply copy my bookkeepers data and file taxes for me. I am looking for an alternate option. 


    $6k for 30 properties across multiple states is not entirely unreasonable. But if the only thing your accountant is doing is "copying" your data - then either they do not provide true value or maybe you do not appreciate what they are providing.
    https://www.biggerpockets.com/forums/51/topics/1088325-expla...

  • Michael Plaks
  • Loading replies...