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Updated almost 7 years ago on . Most recent reply

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29
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Daniel Soovajian
  • Vancouver, WA
9
Votes |
29
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What tax professional do I need?

Daniel Soovajian
  • Vancouver, WA
Posted

Hello,

I'm looking for BP's feedback on what type of tax professional(s) could fit my needs, so that I'm not paying for a professional with all kinds of certifications/education that don't make sense and don't add value for my circumstances.

I have a couple buy and hold rental properties across TN and CT right now and plan to BRRRR my first property in 2019. I'm thinking that I need someone who can help with tax strategy (e.g. 1031s), classifying expenses properly (e.g. improvements vs. repairs/maintenance), can file my taxes, and represent me if I'm audited.

Would a CPA be overkill for my situation? Are there any other tax related services that come to mind that someone in my situation should consider? 

Thank you!

Most Popular Reply

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16,978
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13,318
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Ned Carey
  • Investor
  • Baltimore, MD
13,318
Votes |
16,978
Posts
Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

@Daniel Soovajian  Your situation is relatively complex. you own multiple properties in multiple states outside of your own state and you want tax strategy help!  You want a good CPA that is very familiar with Real Estate.  A CPA is absolutely not overkill. In fact using anything but a good CPA would be foolish. 

Since you want strategy help you might want to contact @Brandon Hall. He has somewhat of a unique approach to the CPA business.  He is a popular poster here and has been on at least one podcast

https://www.biggerpockets.com/forums/25/topics/545...

PS I hope I tagged the right Brandon Hall - there are several here

  • Ned Carey
  • Loading replies...