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Account Closed
  • New to Real Estate
  • OH/TN/FL
35
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From Self Preparing to Hiring A Professional: Recommendations

Account Closed
  • New to Real Estate
  • OH/TN/FL
Posted

Hi BP!

I've searched the forums and blogs, but I didn't quite find what I was looking for. I'm currently in FL but will be purchasing a house and relocating to OH for work starting next month, January 2017. My husband is Active Duty Navy and we plan to purchase at least two MF investment properties in 2017 (one in Memphis, TN and one in Cincinnati, OH). I'm looking for recommendations on finding a tax professional to help with tax preparation services and tax strategy. Due to being a military family and in this day and age, I'm not sure how valuable local even is... Previously we've self prepared or just used software. However, this year is more complicated and with our investment goals for next year, it seems a great time to get a professional involved!

Thoughts, recommendations, advice? Thanks! 

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Kerry Baird
  • Rental Property Investor
  • Melbourne, FL
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Kerry Baird
  • Rental Property Investor
  • Melbourne, FL
Replied

We have used an EA, or enrolled agent.  This is an IRS certified tax expert, who can stand in your stead in the event that you are posted overseas and have to deal with an audit.  We spent 16 years in England, where we couldn't just pop on over to an accountant.  I highly recommend using an enrolled agent.

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