Looking for a CPA that can help with tax strategy as well as tex prep

Tampa, FloridaWantProfessionalsAccountant/CPA
Classifieds
2yFollow

Looking for a CPA that can help with tax strategy as well as tex prep

Jack Levy
Member since 2023 · 1 post · 3 votes

Hello, 

I am looking for a CPA that has experience with rentals, crypto, and tax strategy/planning in Florida. Preferably someone local, near or around Tampa, but only because I want to support local businesses. Location is not necessarily a requirement just a "nice to have.". 

I can go into detail here if it's helpful. Any advice or direction is appreciated. 

3Reply
25 views

Most Popular Reply

Joseph Stern
Investor · Tampa, FL · Member since 2020 · 287 posts · 152 votes
2y

Hey Jack, I recommend Rob Montgomery in Parrish FL outside of Tampa, he is very knowledgable on working with real estate investors. 

https://affordableaccountingparrish.com/

2Reply
See this reply in the discussion

7 Replies

Jump to latestLatest
  • Joseph Stern
    Investor · Tampa, FL · Member since 2020 · 287 posts · 152 votes
    2y

    Hey Jack, I recommend Rob Montgomery in Parrish FL outside of Tampa, he is very knowledgable on working with real estate investors. 

    https://affordableaccountingparrish.com/

    2Reply
  • Michael Haynes
    Investor · Tampa, FL · Member since 2016 · 681 posts · 288 votes
    2y

    Hello Jack Levy in Tampa? I would be interested if your Tax Strategy CPA even mentions IRS Publication 523 concerning the Sale of a Residence. The rule states that if you live in your Home for 2 out of 5 years, when you Sell it is Tax-free up to $250,000. During the time you live in your Homesteaded Florida Home for the $50,000 discount off your Property Taxes valuation, you find another fixer-upper to Rent. When you are ready to Sell your Home, you move into your Rental and just do it again Sam. This is the safest and easiest way to add Real Estate to your Investment Portfolio. "Tax-free Real Estate Machine" the rest of your life.

    0Reply
  • Sean O'KeefePro Member
    CPA | Accepting new clients | 50 States · Member since 2022 · 1k+ posts · 871 votes
    2y

    @Jack Levy I don’t think it necessarily matters if the CPA is local provided that they have a strong background in real estate, have experience working with Florida-based investors, and understand unique requirements of Florida compliance. For example, Florida has special requirements for LLCs.

    If you do decide to work with a remote real estate CPA outside of Florida make sure they have the tools and software to make it easy to collaborate.


    Finally, look at the signatures of 20 + real estate CPAs commenting in this forum and you may find one in Florida or someone that is commenting on a topic that is relevant to your situation - just DM them.

    [email protected]628-241-0888
    0Reply
  • Nate MeekerBusiness Member
    Real Estate CPA | California · Member since 2020 · 544 posts · 251 votes
    2y

    @Jack Levy - Crypto can be tricky. Most of my clients use TaxBit to help them keep track of it. Coinbase has some decent internal reporting to. At any rate, just be sure to vet whoever you choose. 

    The CPA Realtor 571 Reviews
    WebsiteView Page
    1Reply
  • Account Closed
    Accountant · San Diego, CA · Member since 2019 · 1k+ posts · 552 votes
    2y

    @Jack Levy,

    We have experience with crypto, but are primarily a firm for real estate investors big and small. Please checkout our website in my bio to see if were a fit! 

    1Reply
  • Michael Haynes
    Investor · Tampa, FL · Member since 2016 · 681 posts · 288 votes
    2y

    Hello Jack Levy in Tampa. Besides targeting a CPA who is familiar with all kinds of business investing and Crypto you could look for an Accountant/CPA in Tampa who worked with the IRS, called an "Enrolled Agent." That is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service. If you Google Search, "Enrolled Agents in Tampa, Florida" you get The 10 Best etc. That made me remember one of my first, "Get Rich Quick" seminars from 40 years ago with Wade Cook or some other "Cookie Cutter" Investment Plan guy. He said, "You never want to start Investing based on the Tax Advantages to a Business." As a small Investor and Trader, of lots of different Markets, I consider this total B.S. Example; Florida has no State Tax, so, any gains from a Sale of Crypto is only taxed at the Federal level. Maybe, that is why all the Billionaires are moving to Florida. Also, if you don't own your Home, you lose out on the Sale of a Residence rule and not Homesteading the Residence you lose the $50,000 discount off your Property Taxes. Plus your Property Tax cannot increase by more than 2% a year as opposed to all the other property taxes which are doubling like the Home Owner's Insurance and Flood in Florida. With Businesses there must be a hundred ways to be Tax-free, Tax-deferred and Minimum Taxed. 

    0Reply
  • Jorge VazquezBusiness Member
    Real Estate Broker · Tampa, FL · Member since 2017 · 1k+ posts · 693 votes
    2y

    I have been investing in real estate in Tampa for the past 20 years. I have a solid CPA in Tampa who has helped me in the past with all of my returns, including my Crypo investments. Inbox me if you want this info. 

    Graystone Investment Group517 Reviews
    WebsiteView Page
    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free