Hello BP community! Does anyone have a CPA recommendation for federal and Virginia taxes? We have a small portfolio of six units along with our two W2s. Historically we have completed the taxes ourselves with turbo tax, but we are looking to work with a CPA to file this year. With the extension announced today, I feel like we have a bit of time to search to find the right firm. Any suggestions are welcome!
I use Watson and Mowry in Williamsburg. You can expect to spend $500 to file, but they are thorough, you get a sit down question and answer session, and they are easy to work with. Every year, they send an organizer in December that specifies the documentation required and a worksheet showing your numbers for the previous year. I always turn everything in at the end of February, and they are usually ready to review and file for me by the end of March. Before filing, we schedule a sit down meeting and I come prepared with questions and we go over everything. They are also a resource for me throughout the year when I have questions about how such and such will affect my tax bill. It is a bit of an expense, but I feel like it pays for itself in returns, peace of mind, and education. Hope this helps.
Thanks Helen! We love the idea of having a tax resource and not just an annual filing agent.
Are you open to working with an accountant remotely?
I would prioritize finding an accountant who specializes in real estate taxation over one that is local.
There are 20+ accountants on this message board who specialize in real estate taxation. Feel free to reach out to a couple and use the one you connect with the most.