Question For CPA’s Who chose RE Tax

[Jordan M.]

Hello everyone,

I recently graduated college, with a Bachelors in Accounting. I am also taking a Masters program that will allow me to sit for the CPA Exam. I have a huge passion for investing in real estate and I think specializing in real estate tax would be extremely beneficial for me.

My question is how would I 'specialize' in real estate tax? I would love to own my own tax business one day where I could help other real estate investors with their taxes, and questions or concerns. I am extremely excited to hear feedback from other CPA's on BP, on ways I could gain more knowledge or learn how to specialize in this particular field! Thank you in advance!

[Steven Hamilton II]

Study study study. What you don't know CAN and WILL hurt your clients. Carry good E&O. Tax is something you truly should have a mentor in. I'd recommend getting industry experience under someone before going solo. It is not for the faint of heart. It can be a very stressful field. I've been in business a long time and I'm still learning new things.

You need to be able to research. If you don't know how to do research tax is NOT a field for you.