Recommendations for a CPA in Omaha? Preferably one who knows about both real estate investing and using airbnb. Want to make sure everything is good to go before tax season comes up, and look into starting a LLC or S Corp. Thank you!
I'd recommend finding somebody on BP who specializes in real estate, there are plenty of CPAs on here that are excellent. Airbnb rental income is a relatively specialized area and you want somebody who sees clients with short term rental income regularly.
Hope this helps
There are many options of finding a local CPA with experience in real estate tax strategies.
1. Use the search function if a BP member previously was in search of a CPA. I like this approach because you can ask the posters who they ended up using and if they like working with them.
I went ahead and pulled up 4 posts of Nebraska BP members asking for a CPA.
2. Attend local real estate investment networking events. You can use the Events section of BP or go on meetup.com for groups/events.
3. Find the big players in Omaha on BP.
Add the keywords "Omaha" and/or "Nebraska" to the BP keyword alerts. You will notice that there are frequent posters who respond to topics with these keywords. Feel free to add these individuals to your network and ask who they use as a CPA.
4. If you are still unable to find a local CPA - Feel free to broaden your search by looking for a CPA that works with clients remotely. There are many CPA's on BP that do so.
In the meantime - feel free to ask any tax related questions. I would be glad to give my input.
It should be noted that Airbnb income can be taxed differently than long-term rentals. You should connect with a CPA that understands this concept.
You may want to speak with your accountant about holding the Short-term rentals within the S-corp. There may be potential payroll tax savings with this approach. However, please be mindful that is usually not advisable to hold potential appreciating properties such as real estate within a corp.
Good luck on your search!
Join the Largest Real Estate Investing Community
Basic membership is free, forever.