Rental Property Investor · Houston, TX · Member since 2019 · 141 posts · 48 votes
I really need an investor friendly tax person /Cpa in Houston .Any recomendations ?I am in a serious situation .Filled for an LLC in state of Texas using Incfile .LLC was created to keep a rental ppty ,but currently the ppty is still under personal name because no lenders would refinance the rental ppty in an llc name .In a nutshell the LLC holds nothing .But here in texas we have to file franchise tax .Complicated topic. I efiled for zero frachise tax .As of my knowledge the rent collected is included(filed) with federal income tax return and LLC is a pass through entity. A few weeks earlier got a TEXAS SALES AND USE TAX PERMIT come in mail.Not sure what it is .Now i got invoice from comptrollers office saying the LLC owes 1000,s of $$ in Back taxes .Cant figure out what on earth is happening .
We use Michael Plaks. We're in Houston and so is he. He and his team are very good with clear communication, showing you all your angles, and letting you know what you can expect with either. He just saved us $20k+ on our 2020 taxes by using our uniquwe family dynamics. I just wrote this exact thing in a Google review for them, as that's all they ask for in return aside from payment, obviously. Just google his name and you should see REI tax firm. Good peeps in my book.
We use Michael Plaks. We're in Houston and so is he. He and his team are very good with clear communication, showing you all your angles, and letting you know what you can expect with either. He just saved us $20k+ on our 2020 taxes by using our uniquwe family dynamics. I just wrote this exact thing in a Google review for them, as that's all they ask for in return aside from payment, obviously. Just google his name and you should see REI tax firm. Good peeps in my book.
@Jeyo Punnakottil - your problem is most likely a missing Franchise tax report for one of the years. Very common and very easily corrected. PM me, and I can send you my article on this topic. Not allowed to post it here.