All Forum Posts by: Brandon Krasner

$1,500 per entity may seem high at first glance, but the cost can vary significantly depending on the complexity of your tax situation, especially with multiple LLCs, state filings, and the need to correctly allocate capital contributions and losses on the K-1s. Your CPA is likely considering the intricacies involved in ensuring everything is filed correctly, which could save you from potential headaches down the road.

That being said, I understand the desire to explore more cost-effective options. One approach could be to reach out to tax professionals in other states with lower costs of living, as they might provide quality services at more competitive rates. Sometimes, regional pricing differences can work in your favor without compromising the quality of service. You might be surprised at the amount of tax professionals who operate in a virtual environment!

Hey Brandon, 

While the $1,500 per entity quote might seem high, it could save you a lot of headaches down the line, especially as your portfolio grows. I've seen situations where people tried to cut corners with cheaper software or DIY options, only to face costly IRS issues later. It might be worth finding a trusted tax professional who understands your needs and can help you avoid bigger problems in the future. Look at it as a positive thing, this means your making some big moves and need someone on your team who can handle that part for you since your doing so well. Its a good perspective shift! 

@Brandon Krasner

Turbox charges $1749 for a full service partnership/business return. $1500 and up is the going rate. You may have to adjust your expectations. 

There are over 20 real estate accountants on this site. Reach out to a few and see who is accepting new clients. 

You can also ask investors in your local real estate investors association for recommendations. 

Good luck.