Affordable CPA knowledgeable in STR tax savings

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Affordable CPA knowledgeable in STR tax savings

Kayla Utley
Member since 2020 · 39 posts · 8 votes

Hello! We have just one STR that we manage 💯 on our own. My husband has a high paying W-2 job. I am looking for an affordable CPA who is well versed in STR and offsetting W-2 income.

Anyone using a CPA doing a great job for them who doesn’t work for clients with millions to billions invested in real estate?

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  • Randall Tannen
    CPA | Accepting New Clients · Member since 2022 · 62 posts · 36 votes
    2y

    @Kayla Utley

    Hey Kayla, There are a number of tax professionals commenting on the forums here, well versed with STR's and related strategies. Feel free to reach out and speak with a few. Now is not the best time though if your 2023 returns are already filed - so consider reaching out after the October deadlines.

    0Reply
  • Account Closed
    Accountant · San Diego, CA · Member since 2019 · 1k+ posts · 552 votes
    2y
    Quote from @Kayla Utley:

    Hello! We have just one STR that we manage 💯 on our own. My husband has a high paying W-2 job. I am looking for an affordable CPA who is well versed in STR and offsetting W-2 income.

    Anyone using a CPA doing a great job for them who doesn’t work for clients with millions to billions invested in real estate?


    Hey Kayla, While we do have several clients with 8 figure businesses, our model is based on getting folks in early at relatively affordable prices and then growing with them. For someone like you with just one STR we could probably take you on for anywhere from 800-1200 per year, which includes tax advisory, email support, and of course tax preperation and filing

    0Reply
  • Bill HamptonBusiness Member
    Accredited Investment Fiduciary, AIF®, Financial Planner, Tax Strategist, Real Estate Investor · Atlanta, GA · Member since 2012 · 2k+ posts · 977 votes
    2y

    @Kayla Utley

    I recommend finding an accountant who specializes in real estate taxation, tax planning and financial planning.  You may want to consider working with your accountant remotely to expand your options. I would also recommend looking for a accountant willing to work with you throughout the year. You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year. Good luck.
    404-482-3170
    Hampton Tax and Financial Services LLC4.7106 Reviews
    WebsiteView Page
    0Reply
  • Tanner BellamyBusiness Member
    Accountant · Southern California · Member since 2024 · 28 posts · 16 votes
    2y

    Hi @Kayla Utley, 

    I have worked with investors that have used the STR loophole to offset all kinds of income. I am still taking on new clients and would love to help you out if you are still looking. You can check out my profile and book a 15 minute call to see if we would make a good fit.

    Good luck with your search!

    Bellamy & Associates4.837 Reviews
    WebsiteView Page
    0Reply
  • Basit SiddiqiBusiness Member
    Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
    2y

    If you have a STR that you self-manage, it may potentially be deemed as an 'active' property instead of a passive property.

    This will allow you to offset the losses against other forms of income such as the W-2 income from your husband.

    [email protected]917-280-8544
    Basit Siddiqi CPA4.979 Reviews
    View Page
    0Reply
  • Ashish AcharyaBusiness Member
    CPA, CFP®, PFS · FL · Member since 2017 · 5k+ posts · 3k+ votes
    2y
    Quote from @Kayla Utley:

    Hello! We have just one STR that we manage 💯 on our own. My husband has a high paying W-2 job. I am looking for an affordable CPA who is well versed in STR and offsetting W-2 income.

    Anyone using a CPA doing a great job for them who doesn’t work for clients with millions to billions invested in real estate?


    Hi Kayla,

    I have helped hundreds of clients in similar situations lower their tax liability through proper tax planning, entity structuring, and reviewing different tax strategies. We would love to talk with you more about this topic.

    Please complete this form and schedule a FREE call to speak with us.
    https://forms.monday.com/forms/a925aadfd3aaef398765011c22954a5c?r=use1

    If you have any additional questions, feel free to reach us at [email protected]

    Ashish Acharya
    MAcc, CPA, CFP®, PFS

    1-800-522-6091

    [email protected]941-914-7779
    INVESTOR FRIENDLY CPA®5241 Reviews
    WebsiteView Page
    TaxMD™ | AI-Powered Tax Planning
    WebsiteView Page
    0Reply
  • Account Closed
    Accountant · San Diego, CA · Member since 2019 · 1k+ posts · 552 votes
    2y
    Quote from @Kayla Utley:

    Hello! We have just one STR that we manage 💯 on our own. My husband has a high paying W-2 job. I am looking for an affordable CPA who is well versed in STR and offsetting W-2 income.

    Anyone using a CPA doing a great job for them who doesn’t work for clients with millions to billions invested in real estate?


    Checkout taxwisecorp.com and see if it makes sense. Working with real estate investors doing the STR loophole is what we are known for and can help at a reasonable rate. We work with investors who are trying to get their first million all the way up to those with low 10s of millions! 
    0Reply
  • Matt BontragerBusiness Member
    CPA · Henderson, NV · Member since 2016 · 75 posts · 13 votes
    2y
    Quote from @Kayla Utley:

    Hello! We have just one STR that we manage 💯 on our own. My husband has a high paying W-2 job. I am looking for an affordable CPA who is well versed in STR and offsetting W-2 income.

    Anyone using a CPA doing a great job for them who doesn’t work for clients with millions to billions invested in real estate?

    Hi Kayla, my team and I would be happy to chat with you and see what tax savings you are missing out on. We have clients all over the US and 90% of them are investors just like you! Feel free to DM and lets chat!
    Podcast Guest on Show Seeing Greene: CPAs Answer YOUR Top Investing and Tax Questions
    0Reply
  • Ámlèh Quáwáin
    Investor · Golden Beach Florida · Member since 2024 · 89 posts · 10 votes
    1y
    Quote from @Kayla Utley:

    Hello! We have just one STR that we manage 💯 on our own. My husband has a high paying W-2 job. I am looking for an affordable CPA who is well versed in STR and offsetting W-2 income.

    Anyone using a CPA doing a great job for them who doesn’t work for clients with millions to billions invested in real estate?

    I’d be happy to assist you with exploring good tax deductions. Reach out at your earliest convenience 
    0Reply
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