All Forum Posts by: Francis Maduka

As a CPA, I'm going to disagree with the others - and not because of what I do.

I've been helping real estate investors with their taxes for decades.  Often times, the first thing I do when I'm reviewing a self prepared tax return (or even a professional one), is determine if we need to amend the prior year's due to errors.  Sometimes we can correct errors in a current year, but the forms to do so are fairly complicated.

If you (or your tax preparer) miscalculates basis or depreciation; or mistakenly deducts something that needed to be depreciated (or depreciates something that could have been deducted), getting everything corrected is expensive and time consuming.

Start as you mean to go on.  A good CPA will not only make sure you're compliant and reduce your audit risk, but may also be able to offer strategies and insight to save you taxes in the current as well as future years.

Best of luck to you!

Sydney the CPA is very experienced with investors and is great.

 Dm me i have both contacts 

Thanks Nick! That’s exactly the kind of info I’m looking for.