Know Any Good CPA's, who invest in Real Estate...HELP

Investor · CO · Member since 2020 · 59 posts · 42 votes

Hey BP, One of my good friends is totally just did the worst tax job in 2022 I've ever experienced, I vowed I wouldn't ever use him and mix business and friendship..., but my last CPA totally did me dirty and I had to find somebody I could trust and he always asked me for the business..who better than your good friend? (It's a small town, hard to find somebody you don't know) I got a letter from the IRS for $4200 in late fees, his communication is unacceptable, etc , it was not a fun experience
I just really need a good investor-friendly, honest, go-getter CPA who is accepting new clients, thanks in advance! I'm in Colorado, but I think it's legal to use out-of-state CPA's, to my knowledge, thanks in advance for any help yo can offer !!!

3 Reply

27 views

Most Popular Reply

Daniel HymanBusiness Member

CPA · Milwaukee, WI · Member since 2016 · 2k+ posts · 1k+ votes

Sorry for the poor service you received.

You can check for CPA's that are still taking on new clients by using the search feature above and filter by members. Type in, "CPA."

My Online Accountant572 Reviews

Website View Page

1 Reply

See this reply in the discussion

8 Replies

Jump to latestLatest

Sort by

Daniel HymanBusiness Member
CPA · Milwaukee, WI · Member since 2016 · 2k+ posts · 1k+ votes
4y
Sorry for the poor service you received.
You can check for CPA's that are still taking on new clients by using the search feature above and filter by members. Type in, "CPA."
My Online Accountant572 Reviews
Website View Page
1 Reply
Janet Behm
Accountant · West Jordan, UT · Member since 2017 · 182 posts · 95 votes
4y
Terry,
Timing is EVERYTHING.
The accounting/bookkeeping industry is in the "second tax season" of the year.
In March, Corporate extensions were filed...waiting for a K-1's etc. The DROP DEAD-DEADLINE is September 15. No excuses, no sad songs!
Everybody knows the dreaded April 15th. deadline for personal. The extensions run out on October 15th.
As an industry, we are obligated to take care of our existing clients.
Many of us are short handed (not news anymore). Our waiting list, for new applications to become our clients, is November-December (yes even up to Holidays).
Patience is a virtue...seldom found in real estate investors.
BiggerPockets has some excellent articles on how to select an accounting firm. The search effort will be worth it. Excellent guidance and recommendations!
Because of the short time-frame, be prepared with ALL your documentation for your new accounting/tax firm. You can't afford delays and your new firm will greatly appreciate your thoroughness.
And, "YES," Enrolled Agents and CPA's work interstate everyday with REI's.

0 Reply
Matthew Cervoni
Accountant · Lexington, KY · Member since 2019 · 100 posts · 66 votes
4y
@Terry Ouimet you hit on a couple of important things in your request ~ don't mix business and friendship AND communication is so important in a service industry! In our discovery calls, it shocks me how often people tell me that they haven't heard from their CPA in months despite repeated calls & emails. The small town CPAs who ignore their clients and refuse to adopt new technology will simply not survive much longer.
I'm confident that in this community you'll be able to find what you are looking for, and it is legal to use an out-of state CPA (any good CPA should be able to file any state return).
1 Reply
Terry Ouimet
OP
Investor · CO · Member since 2020 · 59 posts · 42 votes
4y
Agreed, thank you Matthew, I think you just hit on the core of it, his communication was 2/10 and the exact reason I got fined by the IRS..he assumed something incorrect, simply that I was filing my parntership LLC under our personal taxes, just call me bro, simple answer, no IRS fine...I asked him if he preferred me to text or email questions so I didnt want to take advantage of his privacey etc, but he would reply unfinished one line sentence texts like he was texting me with one hand hanging over a cliff while fighting off a bear. Many unanswered emails, he has admitted that he assumed incorrectly about the parntership LLC filing as he took our filing on, which then got me the $4200 fine letter. Take care sir, all the best thanks for the encouragment.
0 Reply
Terry Ouimet
OP
Investor · CO · Member since 2020 · 59 posts · 42 votes
4y
I will do that, thank you Daniel!
0 Reply
Terry Ouimet
OP
Investor · CO · Member since 2020 · 59 posts · 42 votes
4y
Hi Janet! thanks for this great insight, much appreciated. Understood on the "timing" points, I guess that is my frustration, don't take me on as a client if you are overwhelmed and barely able to keep up with existing clients-I'd rather hear a "sorry Im full right now" than a yes and then no response to emails and half baked texts that are not full sentences and incorrect assumptions about how my LLC was formed which led to the IRS fines. I realize most tax professionals are doing their best and are very good, and have no intentions of neglecting or getting their clients fined by the IRS, but...it just happend to me so I have to deal with it and find somebody else. Patience is a virtue, yes..so is honesty and integrity, very hard to find in tax professionals for me at least as of late. The last 3 have really caused us alot of problems and money. Thank you for the heads up on preparing for the next tax professional, and I wish you all the best, thank you for taking time to comment back!
0 Reply
Fulton Abraham Sanchez
Accountant · CPA Miami, FL · Member since 2022 · 192 posts · 43 votes
4y
@Terry Ouimet, hi. Sorry to hear about your unfortunate experience. Reaching out to out-of-state CPA is completely legal and effective. We are an investor savvy CPA firm working with clients across the country. Please do not hesitate to contact us with your enquiries.

0 Reply
Terry Ouimet
OP
Investor · CO · Member since 2020 · 59 posts · 42 votes
4y
Hi Fulton, thank you for responding and the out-of-state info, much appreciated!
0 Reply

Join the conversationCreate a free account to reply, vote on answers and follow this thread.