All Forum Posts by: Bill Hampton

@Mayur Chaudhari

You came to the right place. Bigger Pockets is a great place to find an accountant specializing in real estate taxation.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.

I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.

Consider working with your accountant remotely to expand your options.

I would also recommend looking for an accountant willing to work with you throughout the year. You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.

Good luck.

@Lisa R.

You came to the right place. Bigger Pockets is a great place to find an accountant specializing in real estate taxation.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.

I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.

Consider working with your accountant remotely to expand your options.

I would also recommend looking for an accountant willing to work with you throughout the year. You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.

Good luck.

@Michael Faul

You came to the right place. Bigger Pockets is a great place to find an accountant specializing in real estate taxation.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.

I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.

Consider working with your accountant remotely to expand your options.

I would also recommend looking for an accountant willing to work with you throughout the year. You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.

Good luck.

Bigger Pockets is a great place to find an accountant specializing in real estate taxation.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.

I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.

Consider working with your accountant remotely to expand your options.

I would also recommend looking for an accountant willing to work with you throughout the year. You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.

Good luck.

@Evelyn V.

You came to the right place. Bigger Pockets is a great place to find an accountant specializing in real estate taxation.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.

I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.

Consider working with your accountant remotely to expand your options.

I would also recommend looking for an accountant willing to work with you throughout the year. You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.

Good luck.

@Joshua Kavadi

Call John Conwell at 678-524-8231 

@Christian D.

There are other ways to reduce your taxes besides becoming an S-corp. 

For instance, you can open a solo 401k retirement plan and make contributions as an employer and employee. You can contribute up to $69,000 combined as an employer and employee depending on your income. These retirement contributions will significantly reduce your tax liabilities. You can open these accounts for free with various financial institutions. 

Becoming an S-corp has some downsides including additional tax prep fees, payroll processing fees and lower social security income in retirement. 

I recommend speaking with a tax strategist to discuss options to reduce your tax liabilities without becoming an S-corp. 

Good luck. 

@Jenna Chen

Welcome to Bigger Pockets. Bigger Pockets is a great place for education and networking. 

Good luck. 

@Evan Murphy

Welcome to Bigger Pockets. Bigger Pockets is a great place for education and networking. 

@Zhenyang Jin

If your LLC includes you and your business partner, yes you should file a 1065 partnership tax return. The due date for 1065 returns is March 17th this year.

Yes, you can deduct all property related expenses on the 1065 return. 

I recommend that you work with an accountant that has experience with real estate taxation and partnership tax returns. 

Good luck.