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Tax, SDIRAs & Cost Segregation

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Cham Vee
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Looking for tax professional for small real estate investor in Texas

Cham Vee
Posted Feb 22 2024, 11:12

Investors, Can you please recommend a tax professional in Texas based on your experience ? Appreciate it a lot. 

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Sean O'Keefe
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Sean O'Keefe
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Replied Feb 22 2024, 13:05

@Cham Vee

I don't think the location of the CPA matters provided that they have a solid background in Real Estate and software/tools to support you remotely.

There are 20+ real estate CPAs commenting in this forum. Pick one that is commenting on your specific situation and DM them.

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Basit Siddiqi
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#5 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • New York, NY
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Basit Siddiqi
Pro Member
#5 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • New York, NY
Replied Feb 22 2024, 14:27

@Michael Plaks is located in Texas.

You may want to consider reaching out to him.

The big thing with Texas is that they do not have a state income tax. However, they do have a franchise tax filing obligation if you have an LLC doing business inside of Texas.

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Zachary Jensen
Tax & Financial Services
#4 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • San Diego, CA
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Zachary Jensen
Tax & Financial Services
#4 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • San Diego, CA
Replied Feb 23 2024, 07:00

Hey @Cham Vee,

Given we are accountants, we cannot promote our services on BP as its against the rules.

To help in your search:

be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise. Not too low either, you don't want to go with someone who is just focused on price as this is a quality of a not-so-great accountant. Accountants are in such demand, that the best are not even accepting clients half the time.

The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.

Another thing I see is folks thinking they need to have a tax professional in their state. We as a firm have investors working with us who have rental properties all over the US big and small.

Finding a real estate-focused tax professional and one who can help with advisory and grow with you would be my suggestion to focus your efforts on finding. Best of luck in your search!

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Replied Apr 19 2024, 17:19
Quote from @Cham Vee:

Investors, Can you please recommend a tax professional in Texas based on your experience ? Appreciate it a lot. 


 It is true that you can hire a professional not only around Texas, but you can also use and connect with experts and professionals at just a fraction of the cost. Try asking the ones that connect you here in the forums. As for me, take a look if you are interested in outsourcing tax professionals that cater to Texas, visit this link: https://www.biggerpockets.com/business/page/536