All Forum Posts by: Steven Hamilton II
Steven Hamilton II has started 25 posts and replied 5110 times.
Post: Anyone heard of virtual CPA -"1800 accountant" is the company name - and use them?
- Accountant, Enrolled Agent
- Grayslake, IL
- Posts 5,272
- Votes 2,325
If you knew how many situations we've had to fix from there. They have put clients RE into s-corps which is flat out malpractice. I know @Chelsea Monkhas seen her share of issues as has @Natalie Kolodij
Post: Looking for a CPA to help with tax prep and strategy
- Accountant, Enrolled Agent
- Grayslake, IL
- Posts 5,272
- Votes 2,325
Post: Looking for a tax accountant with REI experience around DFW
- Accountant, Enrolled Agent
- Grayslake, IL
- Posts 5,272
- Votes 2,325
@Chelsea Monk is great and she's in TX. She works with clients worldwide.
Post: CPA or EA For Self-Direct CA 568 Filing
- Accountant, Enrolled Agent
- Grayslake, IL
- Posts 5,272
- Votes 2,325
Not that I can self promote but I know the mods will say I'm new of the few that does handle SDIRA filings. @Natalie Kolodij I won't get yelled at right?
Post: DIY Cost Segregation
- Accountant, Enrolled Agent
- Grayslake, IL
- Posts 5,272
- Votes 2,325
You truly should not DIY a Cost Seg(nor do I recommend the one mentioned) Use an engineer with experience in this field.
Yes, it CAN be worth it depending upon location and land allocation.
Typically you will see a 20-25% acceleration of depreciation from your acquisition price.
For a small project like yours you could use a system like the KBKG Residential Cost Segregation tool. The average firm will be between 1250 and 2500 on average for a statistical study on yours. Keep in mind, you'll get what you pay for and data is only as good as what goes into it.
Post: Real Estate CPA Rockstars
- Accountant, Enrolled Agent
- Grayslake, IL
- Posts 5,272
- Votes 2,325
Post: Tax Strategist, Accountant, Advisor Needed
- Accountant, Enrolled Agent
- Grayslake, IL
- Posts 5,272
- Votes 2,325
@Russell Brazil Thanks for the tag.
I have clients out in Frederick, MD already. Don't hesitate to reach out with any questions.
Post: Finding an Accountant and screening Questions to ask them
- Accountant, Enrolled Agent
- Grayslake, IL
- Posts 5,272
- Votes 2,325
Here is my list that I put together a long time ago. Most of us have clients everywhere.
https://www.biggerpockets.com/...
Post: Properties Titled Personally but Reported on Partnership 1065
- Accountant, Enrolled Agent
- Grayslake, IL
- Posts 5,272
- Votes 2,325
Well. This is why you need an accountant and why titling is important.
What state are you in?
You should reach out to @Natalie Kolodij she could give you some great advice.
Post: Looking for a good tax person
- Accountant, Enrolled Agent
- Grayslake, IL
- Posts 5,272
- Votes 2,325
The IRS office in Melbourne is very reasonable. I've definitely had my share of arguments with them. @Natalie Kolodij Thanks for the tag.