Partnership Taxes
I've read quite a few tax and accounting related posts during the time I've been on the forum and always find them helpful, especially RECPATAXMAN. My wife is an accountant, but not a CPA. She did public accounting for 5 years for a small firm and then moved to an accounting position in a small companies accounting department. I'm think my real estate investing is coming to the point where it may be getting beyond her experience and skillset, since it's not what she does every day now. I currently have 11 properties operated under 2 LLC's. I want to make sure that the current tax filings are getting done correctly and that I'm:
A. Taking advantage of every deduction / loophole allowable
B. I'm not needlesly exposing myself to future tax liabilites
To that effect, what are reasonable hourly rates I can expect from a real estate CPA to do a review of my 2006 / 2007 taxes and make sure I'm on track for the future ? I realize it's busy season now, so this is probably something for the May time-frame.