Florida Tax Professional

[Dustin Seager]

A little late in the game but we are struggling with the 8582 Form in filing our taxes. We are hoping to connect with a Florida tax professional.

[Account Closed]

If i could chime in and help in the search:

be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise. Not too low either, you don't want to go with someone who is just focused on price as this is a quality of a not-so-great accountant. Accountants are in such demand, that the best are not even accepting clients half the time.

The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.

Another thing I see is folks thinking they need to have a tax professional in their state. We as a firm have investors working with us who have rental properties all over the US big and small.

Finding a real estate-focused tax professional and one who can help with advisory and grow with you would be my suggestion to focus your efforts on finding. Best of luck in your search!

[Michael Plaks]

Quote from @Dustin Seager:

A little late in the game but we are struggling with the 8582 Form in filing our taxes. We are hoping to connect with a Florida tax professional.

"A little"? :)  You are super late, and all established tax professionals will have to file an extension for you at this point and complete the work after 4/15.  

Location really does not matter, especially since you are in Florida that does not have state income tax. This forum features over 20 real estate tax accountants, and we all work remotely and nationwide. You can find us by browsing this forum. 

But if you insist on a Florida CPA, start with @Ashish Acharya

[Account Closed]

Plenty of Tax Professionals on this forum who serve Florida.

[Bill Hampton]

@Dustin Seager

I recommend finding a tax strategist specializing in real estate taxation. You may want to consider working with your tax strategist remotely to expand your options.

I would also recommend looking for a tax strategist willing to work with you throughout the year, not just when preparing your tax return. You want an accountant who 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 in your search.

[Basit Siddiqi]

Form 8582 is used to calculate your passive loss carryforwards to the following year.

We need to properly tag each investment that you have as either passive or active.
Furthermore, we have to properly calculate all passive loss carryforwards from the prior year to the current year.