Tax & Consulting Services

Choosing the correct entity structure is important for proper asset protection and tax planning strategies. There is not a one size fits all "entity package" so investors should be wary of professionals who try to sell start up services in mass. Everyone's tax position and goals are unique and deserve one on one attention to start you on the right path towards success in your investments.

Planning for taxes is more than just avoiding surprises in the Spring time. Working with a tax advisor throughout the year can save you thousands in taxes by providing you with alternatives that can't be applied after the calendar year has ended.

Cost Segregation Studies are a great tool for real estate investors to accelerate depreciation on newly acquired assets and can be a creative solution to offset income from other sources. This strategy can help you supercharge your investments and retain more cash in your pocket to acquire more property sooner rather than later.

When it comes to §1031 exchanges, installment sales, depreciation methods, partial asset dispositions, and the various types of real estate activities investors engage in, a specialist is crucial to ensure your tax returns are not just accurate but prepared in the most advantageous route. In many cases there is more than one right way to file a tax return. But in order to maximize the utility of your investment dollars, you need your tax returns filed the in the most tax efficient way.

Are you a Real Estate Professional?

If your answer is yes, maybe, or even who knows - do you meet the IRS criteria to be a Real Estate Professional?

Did your answer change from yes to maybe?

There are significant tax benefits that can be achieved with Real Estate Professional status. Due to the fact that this area of tax is so often litigated in Tax Court, it's extremely important that you understand the pros, cons, and requirements involved with achieving this status. The right tax advisor can guide you along this path and enable you to protect yourself from audits.

A lot of investors whether starting out or seasoned professionals, prefer to be more hands on with their bookkeeping. With one on one training I help investors leverage their time through the efficiencies gained from Quickbooks to maximize it's utility and customize it to meet their real estate specific needs. If you're flipping, wholesaling, holding nightly rentals, long term rentals, a retail agent, etcetera, we'll customize your financials specific to your niche that makes sense to you and provide valuable insights to your investments.

I highly encourage clients to actively monitor their financials throughout the year in order to be proactive with their business model and Quickbooks is an excellent tool to accomplish that goal.