Spring, TX · Member since 2016 · 36 posts · 17 votes
Hi All,
I have recently started growing my SFR portfolio in Houston area and now looking for a tax professional to help me with setting up an appropriate system going forward, e.g., correctly setting up LLC or partnership with my wife, other steps to help with tax optimization. Does anyone a good recommendation for a tax professional, preferably in Houston area? Any other recommendations/pointers for me? Thanks a lot in advance.
If you want someone local, you may want to reach out to @Michael Plaks
Regarding creating an LLC in Texas, be mindful that it may require the filing of a franchise tax return in Texas. Luckily, Texas is a commuity property state which may exempt a husband/spouse from filing a separate partnership tax filing obligation.
I have recently started growing my SFR portfolio in Houston area and now looking for a tax professional to help me with setting up an appropriate system going forward, e.g., correctly setting up LLC or partnership with my wife, other steps to help with tax optimization. Does anyone a good recommendation for a tax professional, preferably in Houston area? Any other recommendations/pointers for me? Thanks a lot in advance.
Congrats! Its always good to start working with a CPA earlier on
Congratulations on the growth! It's great that you are looking for an accountant early on. While finding a tax professional who is local can be ideal, sometimes a remote tax professional can service you better than someone local. Often times you can find a more specialized service when working with remote tax advisors who specialize in real estate tax law. There are several on this forum, so feel free to reach out to some to see if you can find the best fit!
I have recently started growing my SFR portfolio in Houston area and now looking for a tax professional to help me with setting up an appropriate system going forward, e.g., correctly setting up LLC or partnership with my wife, other steps to help with tax optimization. Does anyone a good recommendation for a tax professional, preferably in Houston area? Any other recommendations/pointers for me? Thanks a lot in advance.
Hey Sartaj,
I highly recommend reaching out to folks providing value in the forums and asking if they are currently taking on clients. As accountants we are not allowed to promote ourselves as it is against the forum rules. Or you can make a post in the classifieds!
If you want someone local, you may want to reach out to @Michael Plaks
Regarding creating an LLC in Texas, be mindful that it may require the filing of a franchise tax return in Texas. Luckily, Texas is a commuity property state which may exempt a husband/spouse from filing a separate partnership tax filing obligation.