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Updated about 6 years ago,
How Important is it that Tax CPA Specializes in RE?
Hi there!
We're considering switching Tax CPAs this year; we'd like someone to provide proactive tax advice in addition to standard tax filing. We have both a flipping business (typical LLC) and a rental business (series LLC), and currently own five single-family rentals. Future target is to grow rental company to 30 rentals and we want a CPA that can provide situational recommendations as we increase in size.
Would appreciate 1) thoughts on whether it is 100% recommended to use only Tax CPAs that specialize in real estate (e.g. vs. a family friend who owns a general tax business) and 2) any recommendations on real estate CPAs that can provide tax services and proactive advice for the state of Texas.
Any info / advice would be very much appreciated!
Cheers,
N