CPA Tax Preparation Fee advice

[Michael Botha]

Hello fellow investors

I was wondering if I could get some thoughts on tax preparation "only" fees for a good CPA (not inclusive of any bookkeeping services). We own a holding company that owns all of the entities that hold our real estate properties. We have 3 separate entities that are held by this primary holding company and the tax prep fee proposed is $12,800. Two entities own a combined 20 properties, one of the entities is a Hawaii LLC and our CPA has proposed $5,500 for this entity that only holds two luxury residential properties (3 rental units), the CPA has also proposed $2700 for our personal returns.

Consulting, as needed, will be billed hourly at $250-$400/hour depending on level of expertise required.

This seems very high to me, if anyone has a referral for a good CPA that can handle mostly real estate investments tax returns in multiple states please let me know.

Thanks Mike

[David Cruice]

Reach out to your local REIC and ask for a referral there.  P.S.  Yes, the fees outlined above seem somewhat exorbitant!