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Updated almost 2 years ago on . Most recent reply presented by

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Rich Hupper
  • Broker / Investor
  • Tewksbury, MA
348
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1,263
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CPA vs Tax Strategist

Rich Hupper
  • Broker / Investor
  • Tewksbury, MA
Posted

I am trying to figure out this difference between these two pros. I saw a Youtube video about this topic. I am also concerned my CPA may not have enough knowledge how to save me the most in taxes, and or educate me on how to structure my entities properly. 

What is the difference between these pros. I know CPAs are licensed but about about Tax Strategists? Im also looking for a new tax pro in my area if anyone is in Massachusetts.

Most Popular Reply

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Brandon Gale
  • Rental Property Investor
  • Worcester, MA
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Brandon Gale
  • Rental Property Investor
  • Worcester, MA
Replied

@Rich Hupper I'm in the exact same boat, also in Massachusetts. Have had the same CPA for years and he has been fine, but doesn't try to help me save.

I heard something on a podcast recently that really stuck with me, something along the lines of "there are 2 types of CPA's, ones that work for you, and ones that work for the IRS." With mine it feels like the latter. It feels like all he is concerned with is proper filing, when I ask questions about ways to save he usually shrugs them off. I recently asked him his thoughts on doing a cost seg study and he didn't even know what it was.

I'm looking for a new CPA more real estate specialized in Massachusetts as well. Let me know if you find soneone you like and I'll do the same!

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