When to start using a CPA?

[Bienes Raices]

My lawyer recommended talking to a CPA about my rental properties. I've never used one before (I've done the itemized deductions by myself once--last year, with Turbo Tax--for my rentals).

Do you typically have the CPA actually prepare the tax return, or just use him or her as a sounding board for tax questions? Would it better or more cost effective to go to an enrolled agent?

[J Scott]

Any time you have income coming from business(es) and/or other investment assets you should be using a CPA (in my opinion).

And yes, using a CPA for tax planning is probably more important than using him for tax preparation (again, in my opinion).

If you don't feel like you're CPA is worth what you're paying him, you need to find a new CPA. A good CPA will save you money, not cost you money.