All Forum Posts by: Randall Tannen

Did anyone here find a good book keeper in the Raleigh, NC who specializes in business/investors books? We have many companies so need someone who is experienced with a lot of moving parts.

Have you considered seeking remote accounting services? If so, you’ll open yourself up to a wider group of professionals who can address your real estate accounting needs. Feel free to pm me with any questions.

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You definitely want to get with a real estate savvy CPA. This will result in a change of ownership and property tax will likely be reassessed.

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@Eliott Elias @Lisa Albright

Transferring ownership to an LLC, with no change in beneficial ownership is not subject to NY transfer tax. In terms of closing costs in your personal name vs LLC, there is no tax benefit of an LLC. You'll be able to deduct the same expenses for the STR regardless of an LLC or no LLC. The benefits of an LLC include asset protection, limited liability, increased opportunities for tax planning and so on.

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Albany, New York

There are many competent tax professionals in the BP community. Take a look and see who you’re most comfortable with. If you’re interested in an investor friendly tax professional at a reasonable price, and are open to non-local services, feel free to connect.

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If you’re looking for strategic tax planning at the intersection of your biz and real estate interests, feel free to connect.

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Albany, New York

All Forum Posts by: Randall Tannen

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Post: Need tax accountant in Raleigh, NC

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Randall Tannen has started 0 posts and replied 55 times.

Biggerpockets Logo Post: Need tax accountant in Raleigh, NC

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Post: Need tax accountant in Raleigh, NC

Post: Creative ways to transfer ownership

Post: Transferring property from Owner to LLC after purchase

Post: Tax Professional Recommendation

Post: Tax Strategist/Planner Albany NY area