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All Forum Posts by: Fulton Abraham Sanchez

Fulton Abraham Sanchez has started 2 posts and replied 185 times.

Post: Moving, want to rent my house out - LLC or no?

Fulton Abraham SanchezPosted
  • Accountant
  • CPA Miami, FL
  • Posts 191
  • Votes 43

@Tristan Desforges, hi. There are advantages to forming an LLC associated mainly to anonimity, asset protection and tax implications to beware of. You can form your LLC on your own but its always best to get proper legal, expertise advise from an Attorney or CPA to help you see the bigger picture. Best of luck!

Post: CPA Recommendations for the Brownsville / RGV Area

Fulton Abraham SanchezPosted
  • Accountant
  • CPA Miami, FL
  • Posts 191
  • Votes 43

Nicholas, hi. There are over twenty CPAs active here in Biggerpockets. Most of whom work with clients remotely and have real estate experience. Feel free to reach out to one to see if they are a good fit. 

With just one weekend to go before most tax returns are due, more than 90 million Americans have already filed their forms and claimed $183 billion in refunds — leaving nearly half still to cross the looming Tuesday, April 18, deadline.

Here are some last-minute do's and don'ts that can save advisors and clients stress and potentially lower a tax bill.

  • DO answer all questions on 1040
  • DO consider whether an amended return is necessary.
  • DO top up certain retirement accounts.
  • DO know what the deadline is for a Roth conversion.
  • DON'T overpay taxes on Treasury bonds.
  • DO have a handle on 1099s.
  • DON'T annoy financial advisors and accountants.
  • DON'T cheat.

https://www.accountingtoday.co...

If you can find a referee then perfect. Otherwise, there are over 20+ CPA professionals/firms here in Biggerpockets specializing in real estate (key point). Location is not as important as most of them work remotely. Set up a few calls and see who is a better fit for you. 

Best of luck.

Post: Looking for a CPA to assist with taxes

Fulton Abraham SanchezPosted
  • Accountant
  • CPA Miami, FL
  • Posts 191
  • Votes 43

@Joshua Garcia, hi. Welcome to our Biggerpockets community. Look through the BP forum, there are over 20+, very competent CPA firms/professionals listed here. Talk to them and see who is a better fit regardless of location. Most of them work with clients remotely. 

Best of luck!

Post: LLC Location Question

Fulton Abraham SanchezPosted
  • Accountant
  • CPA Miami, FL
  • Posts 191
  • Votes 43

@Connor, hi. You will be better off asking your CPA. There are over 20 very competent real estate friendly CPAs here in Biggerpockets, whom are willing to take you on board this time of year.

Best of luck.

Fulton

Post: Tax Prep Services Needed

Fulton Abraham SanchezPosted
  • Accountant
  • CPA Miami, FL
  • Posts 191
  • Votes 43

@Leonard Romo, hi. There are over twenty very competent, real estate friendly CPAs here in Biggerpockets. Reach out to one you see is a better fit and is able to take you on board this time of year. 

Best of luck.

Fulton

Post: Local Real Estate CPA

Fulton Abraham SanchezPosted
  • Accountant
  • CPA Miami, FL
  • Posts 191
  • Votes 43

Kurtis, hi. There are over twenty very competent, real estate friendly CPAs here in Biggerpockets. Reach out to one you feel is a better fit. 

DM your inquiries. We may be able to help you. 

Best of luck.

Fulton

Post: First year Realtor taxes

Fulton Abraham SanchezPosted
  • Accountant
  • CPA Miami, FL
  • Posts 191
  • Votes 43

@Lisa Wright,hi. I would hire someone who is has experience in real estate tax planning, is real estate friendly, and is available to reply to your enquiries. There are over twenty very competent real estate friendly CPAs here in Biggerpockets. Reach out to one you feel is a better fit.

Best of luck.

Fulton 

Post: Vacant Houses - How to defer capital gains

Fulton Abraham SanchezPosted
  • Accountant
  • CPA Miami, FL
  • Posts 191
  • Votes 43

@Nancy Ireland, it would be best for you to consult with a CPA. Reach out to one you feel is a better fit, is real estate friendly and can reply to our inquiries when needed. There are over 20 very competent CPAs here in Biggerpockets. Most of whom work with clients remotely. 

Best of luck,

Fulton