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Updated over 1 year ago on . Most recent reply presented by

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Tax advice and suggestions

Anthony Freeman
Posted

Does your current tax advisor keep you updated with new modifications to the tax code?

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151
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Janet Behm
  • Accountant
  • West Jordan, UT
86
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Janet Behm
  • Accountant
  • West Jordan, UT
Replied

Anthony,

Good seeing you again!!

The tax code is like trying to pick up a night-crawler on your sidewalk. Slippery and hard to "grasp."

Real estate is complicated. You probably won't get much from an accounting firm that "specializes" in a half dozen different industries.

Look for help from firms that specialize in real estate, then look to see if they advertise 'being in your niche.'

When we niched "hard" I was amazed at all the stuff I had never heard of! A 'general' firm can't afford to do the research, DAILY, to identify the tax breaks available to an REI.

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