Is it important for tax accountant to be local?

[John Mazzella]

Hi BP,

I am an out of state investor and looking for a tax accountant to provide some advice on how to structure my operations and file my taxes next year. How important is it for your CPA to be local to your properties? If you own properties in multiple states how do you handle that?

Thanks in advance!

[Ashish Acharya]

Originally posted by @John Mazzella:

Hi BP,

I am an out of state investor and looking for a tax accountant to provide some advice on how to structure my operations and file my taxes next year. How important is it for your CPA to be local to your properties? If you own properties in multiple states how do you handle that?

Thanks in advance!

No, but you want to get a CPA who knows some random rules about your state. Not all CPAs are created equal, just like everything else.

I know tax preparer who will not file Ohio city tax because they have no idea.