Posted by Tom Bazley, CPA on June 04, 2004 at 11:23:15:
Most of the clients I deal w/ like the fact that I’m close enough they can come to my office & meet w/ me when needed. That said, I do have clients that are out of state. I’m not sure it matters where your accountant is located, unless you have a personal preference. I would say it’s more important that you find one w/ the experience & expertise in what you’re doing.
RE Attorney and RE Accountant - Posted by Rudy Rountree
Posted by Rudy Rountree on June 04, 2004 at 09:40:24:
I’m an investor who has just received the funding for my projects in Montgomery, Alabama. I have a business system in place for buying, rehab and selling properties. Now the missing pieces to my puzzle are a RE attorney and a RE Accountant. I live in California but do business in Alabama. I plan on using Land Trust to hold title and Would like to set up a corporation to buy and sell and to get around the DEALER tag with the IRS. And an LLC for buy and hold. should I look for an Attorney and Accountant in Alabama or California?
Re: RE Attorney and RE Accountant - Posted by Roger Garay, E.A.
Posted by Roger Garay, E.A. on June 09, 2004 at 16:38:45:
I concur with both of the other posts with one variation. Get the Attorney in the State where the RE transactions take place and the accountant (tax consultant) where you can drop in and visit and discuss your plans/options and their tax consequences in person. A long distance attorney may deal with you on a correspondence basis from time to time. Those communications are “privileged” whereas any written materials your tax consusltant keeps are not so “privileged.” And, yes, look for specific experience. Just because someone has initials after their name doesn’t mean they have any clue about your business.
Re: RE Attorney and RE Accountant - Posted by JOHN K HASLACH, CPA MST
Posted by JOHN K HASLACH, CPA MST on June 04, 2004 at 14:45:47:
Wherever you find one the CPA, to get the greatest benefit, make sure he has significant experience advising clients on tax matters related to real estate. Don’t just look for an accountant who can prepare your tax returns. Be prepared to pay for his expertise. What you pay will not compare to the benefits you receive.