Personal Finance

Should You Fire Your CPA?

Expertise: Personal Development, Commercial Real Estate, Real Estate News & Commentary, Landlording & Rental Properties
90 Articles Written
letters taxes on wooden blocks with calculator and pen

Tax laws are set up for real estate investors to avoid taxes if we arrange our affairs appropriately. Have you been overpaying?

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Sure, having a good CPA is a great start to getting your taxes right—but making sure that CPA is versed in tax strategy could save you thousands.

In the video below, I’ll tell you more about minimizing your taxes and maximizing your wealth.

Related: The Ultimate Guide to Real Estate Taxes & Deductions

Why Real Estate Investors Need a Tax Strategist

Tax season’s here. (Cue the sad trombone.)

This year, make paying taxes less painful (if painful at all!) by consulting with a professional tax strategist, who can introduce you to a host of loopholes, deductions, and approaches to filing your taxes that you never even knew existed.

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Want to learn how you could be saving more on your real estate taxes using loopholes, deductions, and more? Get the inside scoop from Amanda Han and Matthew MacFarland, real estate investors and CPAs, in Tax Strategies for the Savvy Real Estate Investor. Pick up your copy from the BiggerPockets bookstore today!

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Who prepares your taxes? Have you asked if they’re well versed in tax strategy? 

Leave a comment below.

After graduating with an engineering degree and then an MBA from Ohio State, Paul entered the management development track at Ford Motor Company in Detroit. After five years, he departed to start a...
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    John Murray from Portland, Oregon
    Replied over 1 year ago
    I have a new CPA my old CPA retired. Had a good meeting and she seems to know quite a bit about pass through stuff, Roth Conversion, Fed tax code, Oregon tax code and host of other tax minimizing strategies. I have paid no Federal tax in years but a small percentage to the state. Oregon treats capital gains as simple income but the feds give me about and $80K pass. Should go well.
    Michael Plaks Tax Accountant / Enrolled Agent from Houston, TX
    Replied over 1 year ago
    It’s nice that you’re promoting the importance of tax planning. It would be even nicer if you had an actual tax strategist verify your tips. Some of them are not phrased accurately from the technical point of view,