All Forum Posts by: Jeremy Bailey

We're not allowed to communicate this way on a public BP forum. Please reach out privately to the people you want to talk to.

It's important to find a CPA that knows real estate tax law back and forth and specializes in that area. It's a logical fallacy to suggest that the CPA must also invest in real estate because that will give them a boost in knowledge related to real estate tax law somehow.

I don't think it's unrealistic to have an expectation that their CPA also is an REI. I would think that is specifically why @Jeremy Bailey is seeking one out on these forums.

@Jeremy Bailey

The phrase that got my attention was "...a real estate specific CPA that I've been unhappy with for many years"

First, why would you stick with someone for many years if you're unhappy, unless you two are married?

Second, what exactly are you unhappy about, since it sounds like your current CPA already checks the box of being a real estate specialist?

It's important to look for CPAs that also invest themselves because they will know the tax code better.

It's important to find a CPA that knows real estate tax law back and forth and specializes in that area.  It's a logical fallacy to suggest that the CPA must also invest in real estate because that will give them a boost in knowledge related to real estate tax law somehow.

For example, how many owners of restaurants are "looking for a CPA that also owns a restaurant."  How many manufacturing enterprises are "looking for a CPA that also owns a manufacturing company."

We can quickly see that argument doesn't make a lot of sense, but I can understand why a lot of people, primarily real estate tax professionals on BP, push it.

I would recommend interviewing a few qualified CPAs that are in and out of state. It's important to look for CPAs that also invest themselves because they will know the tax code better.