Looking for tax accountant for real estate and crypto

Member since 2020 · 1 post · 2 votes

Looking for recommendations for a CPA with real estate and cryptocurrency experience. Being local doesn’t matter - we have business across several states. Thanks.

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Michael PlaksPro Member

Tax Accountant / Enrolled Agent · Houston, TX · Member since 2014 · 5k+ posts · 6k+ votes

Originally posted by @Mitch Messer:

@Kenzie Davisson Welcome to BiggerPockets!

If you're primarily concerned about federal taxes, then you might be better served by working with an Enrolled Agent (EA).

CPAs are licensed by state, so you might need one for each state you operate within. By contrast, EAs are IRS-authorized tax experts, so a single one can help you regardless of location.

This advice is not accurate, actually. I'm 'saying this being an EA myself. Yes, we have a Federal license, and CPAs have state licenses, but it does not prevent a CPA licensed in one state from preparing a state return in a different state, in most cases. In other words, both EAs or CPAs are solid choices.

If you browse this forum, you will see 20+ CPAs and EAs answering questions. Select a few whose knowledge and personality appeal to you and contact them privately. We all work remotely and nationwide. Also, we all are quite busy, so don't wait.

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Mitch Messer
Lender · Playa del Carmen, México · Member since 2014 · 2k+ posts · 1k+ votes
5y
@Kenzie Davisson Welcome to BiggerPockets!
If you're primarily concerned about federal taxes, then you might be better served by working with an Enrolled Agent (EA).
CPAs are licensed by state, so you might need one for each state you operate within. By contrast, EAs are IRS-authorized tax experts, so a single one can help you regardless of location.
0 Reply
Aaron ZimmermanBusiness Member
Accountant · Chicago, IL · Member since 2018 · 2k+ posts · 1k+ votes
5y
There's quite a few CPAs on here that would be good to reach out to. I would recommend extending your return for 2020 so there's not a mad rush on the new CPA.
[email protected]
Brick House CPAs53 Reviews
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Bill HamptonBusiness Member
Accredited Investment Fiduciary, AIF®, Financial Planner, Tax Strategist, Real Estate Investor · Atlanta, GA · Member since 2012 · 2k+ posts · 978 votes
5y
Kenzie,
I recommend finding an accountant that specializes in real estate taxation and has experience with multi-state tax returns. You may want to consider working with your accountant remotely to expand your options.

I would also recommend looking for a tax strategist who is willing to work with you throughout the year, not just when preparing your tax return. You want an accountant that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.

Good luck and let me know if I can be of assistance.
404-482-3170
Hampton Tax and Financial Services LLC4.7106 Reviews
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Michael PlaksPro Member
Tax Accountant / Enrolled Agent · Houston, TX · Member since 2014 · 5k+ posts · 6k+ votes
5y
Originally posted by @Mitch Messer:
@Kenzie Davisson Welcome to BiggerPockets!
If you're primarily concerned about federal taxes, then you might be better served by working with an Enrolled Agent (EA).
CPAs are licensed by state, so you might need one for each state you operate within. By contrast, EAs are IRS-authorized tax experts, so a single one can help you regardless of location.

This advice is not accurate, actually. I'm 'saying this being an EA myself. Yes, we have a Federal license, and CPAs have state licenses, but it does not prevent a CPA licensed in one state from preparing a state return in a different state, in most cases. In other words, both EAs or CPAs are solid choices.

If you browse this forum, you will see 20+ CPAs and EAs answering questions. Select a few whose knowledge and personality appeal to you and contact them privately. We all work remotely and nationwide. Also, we all are quite busy, so don't wait.
1 Reply
Mitch Messer
Lender · Playa del Carmen, México · Member since 2014 · 2k+ posts · 1k+ votes
5y
Originally posted by @Michael Plaks:
Originally posted by @Mitch Messer:
@Kenzie Davisson Welcome to BiggerPockets!
If you're primarily concerned about federal taxes, then you might be better served by working with an Enrolled Agent (EA).
CPAs are licensed by state, so you might need one for each state you operate within. By contrast, EAs are IRS-authorized tax experts, so a single one can help you regardless of location.

This advice is not accurate, actually. I'm 'saying this being an EA myself. Yes, we have a Federal license, and CPAs have state licenses, but it does not prevent a CPA licensed in one state from preparing a state return in a different state, in most cases. In other words, both EAs or CPAs are solid choices.

If you browse this forum, you will see 20+ CPAs and EAs answering questions. Select a few whose knowledge and personality appeal to you and contact them privately. We all work remotely and nationwide. Also, we all are quite busy, so don't wait.

Yep, I stand corrected! Thanks for clarifying that for all of us to learn!

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Daniel AvenelPro Member
Walnut, CA · Member since 2018 · 4 posts · 3 votes
4y
Hi Kenzie
Did you ever find a solution you are happy with? I have both real estate and crypto businesses (seperate) and need some help with filings and plannings.
Thanks
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