Sometimes that involves letting them make mistakes, allowing them to be uncomfortable, and deal with the consequences of their own actions.  

Whether it’s connecting sellers with the right buyers or creating win-win opportunities, I thrive on taking action and delivering results.  

One key difference is that Prime also includes monthly bookkeeping in their pricing.For reference, here’s what Taxstra provides for $1,500:• Preparation of individual tax return• Electronic filing of federal & state returns• Review of prior-year return for consistency• Up to two hours of post-filing support for minor corrections/questions• Digital document storage• Short-term rental loophole assistance• Personalized video walkthrough of the tax return• IRS/State correspondence for any notices or inquiries• Year-round access for “quick questions” (not requiring additional research)Does anyone here have experience with either of these services, or have recommendations on what to prioritize at this stage?

The NBOA will be aligning all the property owners to communicate updates to advocacy efforts with additional calls to action so please join their email list • Applies to SFH, condos, 2-4 units, mixed use and large apartment buildings.• Allows tenants up to 9 months to purchase the building including 60 days’ notice before listing and up to 90 days after receiving an offer to decide to exercise their right of first refusal.• Building owners have to turn over detailed information about their operations and finances, and even share their rent rolls, leases, and P&L statements with tenants and the DOH.• Demolition fees of $60k and more wipes out decades of equity for distressed sellers. • You can’t vacate units without just cause and you are required to keep tenants for 6 months after closing even if they are MTM or their lease expires, eliminating owner occupied buyers.• Because of the long timeline, we can no longer execute 1031 exchanges.• The tenants have the right to sell the contract to a third party for a profit.This ordinance will drive out small, local owners, replacing them with cash-rich, out-of-town corporate owners.

So, Realtors, how/what do you do to prepare for an Appraiser when you feel that the house is at the top end of pricing, yet you got a full price offer?

I assume they use a computer with tax software to prepare your taxes.

However, I realize that rental property taxes come with many nuances, and I want to ensure I’m maximizing tax savings while staying compliant.I’d love to hear recommendations on the best approach to tax preparation for my rental property.

When my wife and I started out we new we wanted to invest but did not know how to, we took action and unfortunately found a family friend realtor (amazing learning experience) then we found bigger pockets. 

Aren't all tax preparers the same?

The NBOA has put together a page with more detailed info, updates and additional calls to action at nboachicago Make sure you sign up for their newsletter and stay up to date on how you can get involved.Brie Schmidt, Designated Managing Broker of Second City Real Estate and Bob Floss, Owner of Floss Law have an extensive video on YouTube/ChicagoBrie.