Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on . Most recent reply presented by

User Stats

133
Posts
41
Votes
Dustin Burke
  • Investor
  • Wichita, KS
41
Votes |
133
Posts

Do you really need a Tax Attorney?

Dustin Burke
  • Investor
  • Wichita, KS
Posted

When just starting out with fix & flips is it necessary to engage a tax attorney or will a real estate savvy CPA be able to assist with all we will need? 

Can anyone recommend a CPA that is a real estate investor himself?

We will be starting out in Norcal (Central Valley - Modesto - Manteca - Stockton - Lodi - Galt) and/or Reno. 

For more about us follow this URL...    https://www.biggerpockets.com/files/user/DustinB60/file/burke-1-year-business-plan-2018

Most Popular Reply

User Stats

378
Posts
305
Votes
Max Gradowitz
  • Bakersfield, CA
305
Votes |
378
Posts
Max Gradowitz
  • Bakersfield, CA
Replied

For tax questions, you want to consult a CPA. CPAs are trained in the complexities of taxes.  Attorneys do not know any more about taxes than the average person.  Even "tax attorneys" are typically attorneys that defend you against IRS audits and lawsuits, not typically people you want to go to for specific tax advice.

As @Logan Allec said, you want an attorney for forming business entities like LLCs for asset protection, or for drafting any contracts or agreements necessary for your flip business (partnership agreements, etc).

Loading replies...