Most tax people are "HISTORIANS" - they look at LAST years results and tell you what you did!
Michael & Erin work with many investors; they have spoken at investor groups; are former IRS employees; are very creative....and most importantly, will teach you how to plan and prepare BEFORE your investing business makes a mistake.
Good luck with your group.
If I can help in anyway, please don't hesitate to let me know.
Investor · North Charleston, SC · Member since 2017 · 277 posts · 91 votes
9y
@Eric Smathers, I too am looking for a TAX/CPA who is up to speed in REI clients.
In a google search I found a Christopher Moss and Benjamin Scott both in MtP. Again I have not used either but both seem to say they are knowledgeable in REI. I would appreciate feed back if you try them or anyother. Cheers, Buddy
North Charleston, SC · Member since 2017 · 2 posts · 0 votes
9y
I am looking for this as well. Since we're just getting started in our REI journey, I'd like to get started on the right foot tax-wise. I'd like to work with someone who has the heart of a teacher and doesn't just tell me what to do.
Investor · North Charleston, SC · Member since 2017 · 277 posts · 91 votes
9y
@Kara R., I have been doing my own taxes to date and doing REI returns since 1998. I can give you some when we have our get-together or by email.
My last 1031 exchange got tricky with Turbo Tax. I spent an hour with a CPA out in Goose Creek to get an understanding of how it was supposed to be done. But It seemed that although he knew the rules he really depended on his version of some software to do the specific math. Since I am an engineer and a math nerd, I like to understand the rules, do the math first and then check that Turbo Tax is doing what I think it should be doing.
We need to get @Mark Mattison going on setting our next meet-up.
Most tax people are "HISTORIANS" - they look at LAST years results and tell you what you did!
Michael & Erin work with many investors; they have spoken at investor groups; are former IRS employees; are very creative....and most importantly, will teach you how to plan and prepare BEFORE your investing business makes a mistake.
Good luck with your group.
If I can help in anyway, please don't hesitate to let me know.
Investor · North Charleston, SC · Member since 2017 · 277 posts · 91 votes
9y
@Kara R., I have been doing my own taxes to date and doing REI returns since 1998. I can give you some when we have our get-together or by email.
My last 1031 exchange got tricky with Turbo Tax. I spent an hour with a CPA out in Goose Creek to get an understanding of how it was supposed to be done. But It seemed that although he knew the rules he really depended on his version of some software to do the specific math. Since I am an engineer and a math nerd, I like to understand the rules, do the math first and then check that Turbo Tax is doing what I think it should be doing.
We need to get @Mark Mattison going on setting our next meet-up.
Rental Property Investor · Brooklyn, NY · Member since 2014 · 722 posts · 1k+ votes
9y
@Eric Smathers Chris O'Neal of Moody & O'Neal CPAs in Mt. Pleasant. They are a commercial real estate tax firm and have been assisting me as long as I have been in the business.
Charleston, SC · Member since 2014 · 59 posts · 23 votes
9y
A little late to this party but I met with Scott who owns swamp fox cpa Wednesday in summerville off trolley and really liked him. He does a free 1 hour consult to get to know you in order to tell you if he thinks you are a good fit for each other. U can find him if u google swamp fox cpa