Looking for real estate CPA in Austin

[Edgar Galvan]

Can anyone recommend a real estate CPA in Austin TX for the following? Looking for professional help to setup everything right before we expand. My Father and I currently own two rental properties. 

-Rental Property bookkeeping 

-Tax planning

-Tax Return prep and filing

-LLC setup

[Bill Hampton]

Edgar, 

Are you open to working with your accountant remotely? I recommend finding an accountant who specializes in real estate taxation over one that is local. You may want to consider working with your accountant remotely to expand your options. 

I would also recommend looking for a tax strategist who is willing to work with you throughout the year, not just when preparing your tax return. You want an accountant that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.

Good luck and let me know if you have any questions.

[Jeff Stein]

The nice thing about Texas is that there is no state income tax so taxes can easily be done from out of state if that is something you are interested in. Unfortunately I do not know anyone local in your area, but feel free to message me if you have any other questions or need some help.

[Basit Siddiqi]

@Edgar Galvan

If you and your father are planning to invest in real estate through an LLC - you will be responsible for creating an LLC and filing annual tax returns for the LLC.

Partnership tax returns are due March 15 of every year and are required to be filed before you can file your individual tax return.

Good luck in your search for a CPA.

[Michael Plaks]

Originally posted by @Edgar Galvan:

-Rental Property bookkeeping 
-Tax planning
-Tax Return prep and filing
-LLC setup

The first three of your tasks are indeed for us real estate accountants. The last one is for attorneys. Beware of CPAs who offer to set up an LLC, they should not. Definitely not here in Texas.

As for attorneys, one of the firms you might want to consider is Royal Legal which is in Austin, headed by @Scott Smith who is very active on BP and on this forum.

[Jerel Ehlert]

Although allowed, a CPA is not the one to turn to for entity formation. There are legal aspects beyond the tax that should be considered. Let me know if I can help.