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

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Nick Johnson
  • Rental Property Investor
  • San Diego, CA
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Tax Prep Advice (I have bookkeepers)

Nick Johnson
  • Rental Property Investor
  • San Diego, CA
Posted

I have two LLCs that hold a combined total of roughly 30 addresses. I have a bookkeeper for each LLC. I just need someone that handles RE to assist in Tax Preparation and filing.

I always file an extension and file my return in October. So I have time.

I live in CA and have W2 income here. I own RE in OH, MO, and IL. 

I just need a suggestion or three on which firms or companies are reliable for this task. The last CPA firm I used for the past 3-4 years doubled my tax prep/filing fee so I elected to move on this year. Thanks so much in advance!

Most Popular Reply

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Michael Plaks
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
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Michael Plaks
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
Replied
Quote from @Nick Johnson:
Quote from @Michael Plaks:

@Nick Johnson

It may still be worth it to retain that firm is they did a good job. Tax service fees are rising across the board, and quality work is more difficult to find every year.

Also, please read this:
https://www.biggerpockets.com/forums/51/topics/1222774-expla...


I’m simply not prepared to pay someone nearly $6000 to simply copy my bookkeepers data and file taxes for me. I am looking for an alternate option. 


$6k for 30 properties across multiple states is not entirely unreasonable. But if the only thing your accountant is doing is "copying" your data - then either they do not provide true value or maybe you do not appreciate what they are providing.
https://www.biggerpockets.com/forums/51/topics/1088325-expla...

  • Michael Plaks
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