Should You Fire Your CPA?

by | BiggerPockets.com

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

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.

About Author

Paul Moore

After graduating with an engineering degree and then an MBA from Ohio State, Paul started on the management development track at Ford Motor Company in Detroit. After five years, he departed to start a staffing company with a partner. They sold it to a publicly traded firm for $2.9 million five years later. Along the way, Paul was Finalist for Ernst & Young's Michigan Entrepreneur of the Year two years straight. Paul later entered the real estate sector, where he completed 85 real estate investments and exits, appeared on an HGTV Special, rehabbed and managed dozens of rental properties, developed a waterfront subdivision, and started two successful online real estate marketing firms. Three successful developments, including assisting with development of a Hyatt hotel and a multifamily housing project, led him into the multifamily investment arena. Paul co-hosts a wealth-building podcast called How to Lose Money and is a frequent contributor to BiggerPockets, producing live video and blog content on a weekly basis. Paul is the author of The Perfect Investment—Create Enduring Wealth from the Historic Shift to Multifamily Housing (2016) and is the Managing Director of two commercial real estate funds at Wellings Capital.

2 Comments

  1. John Murray

    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.

  2. Michael Plaks

    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,

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