I am beginning my real estate investment venture soon starting in the Chicago area and would like to talk to a CPA. Please recommend to me some very good CPAs. Thank you!
I recommend finding an accountant who specializes in real estate taxation over one that is local. You may want to consider working with your accountant remotely to expand your options.
I would also recommend looking for a tax strategist who is willing to work with you throughout the year, not just when preparing your tax return. You want an accountant that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.
Good luck and let me know if you have any questions.
@Tim Matthews when you talk to a CPA keep in mind that there are two separate things you are looking to do. One is tax compliance (filing your tax returns) and then there is tax strategy. Tax strategy is what most investors think their CPA does for them, but you need to be explicit about how this is done. In my case, I pay my CPA and accountant for a quarterly meeting to review before our quarterly filings.
There's plenty of qualified CPAs in the Chicago area or CPAs working remote on BP
Thank you all for answers!