All Forum Posts by: Jose A. Ramirez

Hi Roger,  I can help you.  I'm in South Florida as well.

see the link to my ad below with my contact info:

https://www.biggerpockets.com/forums/517/topics/618020-are-you-paying-too-much-in-income-taxes

Hello everyone,

I am a Tax Advisor who specializes in helping real estate investors organize their business finances and help reduce their tax liability. I have helped real estate investors save up to $97K in taxes through comprehensive tax planning and proper depreciation practices.

Are you currently taking advantage of the new Trump’s Tax Cuts and Jobs Act?

Are you taking advantage of the new Qualified Business Income Deduction?

If you own rental properties, are you taking advantage of the accelerated depreciation methods?

Are you using cost segregation reports to identify personal property assets, improvement assets, and real property component assets to separate these assets out for tax reporting purposes?

I find that most accountants’ primary focus is on keeping their clients in compliance which compliance alone will not save you money.  When I step in with a comprehensive tax plan, this results in tens of thousands of dollars in tax savings. Because I only work with real estate investors, I specialize in unique tax planning relative to this industry.

If I have piqued your interest and feel like you have been overpaying in taxes, please feel free to reach out to me for a complimentary at 954-888-6941.  We are based out of Plantation, Florida and licensed to represent clients in all 50 states.

Serious inquiries only, please.

Looking forward to hearing from you.

Jose A. Ramirez

CEO | Chief Tax Strategist

http://advancedtaxadvisors.net/

$4,800 for a tax plan itself is not expensive.  The real questions should be, do you really need one this early in the game.  A tax plan can be sold an never implemented.  Not using it would not take away its value nor the work a tax advisor puts into it.

I would suggest holding off on buying tax plan for now.  If you are flipping land or any kind of real property, self-employment would apply. To cap said self-employment, an s-corp is recommended once you get to certain income level where the expense of maintaining an s-corp would make sense. At 50K a year in net income, I would not do an s-corp yet.

Hope this helps.