Hello! I’m closing on my first deal this Monday and have began searching for a CPA in El Paso, TX that is familiar with real estate investing. I want to make sure I am receiving the full benefits of real estate but also following all of the correct tax laws. Does anybody have any recommendations?
I recommend finding an accountant that specializes in real estate taxation over one that is local. 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 you have any questions.
Thank you! I might be reaching out to you soon! I appreciate the response.