Admin

Answers

Rainmaker
1,009,338
Mark Don McInnes, Sandpoint-Idaho
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Same as with electrician and plumbers.  I use a professional.  Mark

Oct 17, 2015 05:44 AM
Rainmaker
1,607,625
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

For many, many reasons I use a CPA.  Chief amongst those reasons is I wouldn't hire a plumber to sell my house!  The tax code is immense and crazy.  If you want any chance in making sure the taxes are done right, hire a professional.  Just like you wouldn't hire a plumber to sell your house, don't hire a Realtor to do your taxes!

Oct 17, 2015 06:26 AM
Rainmaker
5,775,569
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Professional, there are many things like that, that we are not worth our time learning about.  A

Oct 17, 2015 06:09 AM
Rainmaker
5,590,899
Barbara Todaro
Keller Williams Elite - Franklin, MA
"connecting land with builders"

OMG...I wouldn't think of preparing my own.... I have never....would probably get myself in a mess...

Oct 17, 2015 05:26 AM
Rainmaker
1,157,857
FN LN
Toronto, ON

I do my own taxes.  It is much faster, efficient, simpler, free, I don't need to explain anything and it is correct.

Oct 17, 2015 09:04 AM
Rainmaker
1,772,273
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

I have a CPA who writes off all the necessary things, I would always leave it to a professional.

Oct 17, 2015 07:27 AM
Rainmaker
1,513,583
Raymond E. Camp
Ontario, NY

An accountant as there is just too much to keep track of.

Oct 17, 2015 05:27 AM
Rainmaker
5,977,405
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Real Estate Broker

There's my husband, who's a semi-professional at it by now, who handles all the day to day record-keeping and gathering. But the final docs are all done by a professional.

Oct 17, 2015 04:50 AM
Rainmaker
3,988,509
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

We have used a CPA for 30 years. Our return is now over 150 pages long because of all the entities we are involved in. The same accountant does 75% of those entities' tax returns too. It's complicated.

Oct 17, 2015 11:06 AM
Rainmaker
1,395,438
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

We used to do it ourselves but the money invested in paying a professional has been well worth it.

Oct 17, 2015 10:50 AM
Rainmaker
982,865
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

I have a CPA. 

Oct 17, 2015 09:28 AM
Rainmaker
1,732,485
Inna Ivchenko
Equity Union - Calabasas, CA
REALTOR® | Residential & Commercial

I never do my own taxes. I do not want to be liable if there are any mistakes. I'm a single mom working as independent contractor and somehow IRS always has some questions to me.

Oct 17, 2015 08:44 AM
Rainmaker
2,820,432
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Professional.  I wouldn't dream of doing it any other way.  I think mine was more like 60+ pages.

Oct 17, 2015 08:26 AM
Rainmaker
634,682
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

I have a degree in Financial Management and always do my own. I used to have a CPA check it but rarely do now. 

Oct 17, 2015 06:48 AM
Rainer
217,110
Sharon Altier
Coldwell Banker Realty - Elmhurst, IL
Luxury Property Specialist, CSC, SFR

Professional..

Oct 17, 2015 05:48 AM
Rainmaker
1,714,632
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

We are in QuickBooks daily and our fields are aligned with our CPA's. On January 2nd we can hit a button and send to him. This saves about two weeks of backtracking time, or more for some folks, and it also saves money since it saves the CPAs time. 

Oct 17, 2015 05:46 AM
Rainmaker
3,047,623
Richie & You
pearlsforthesoul.com - Cedar City, UT
Author & Consultant

Same CPA who is also an attorney for decades now...

Oct 17, 2015 05:43 AM
Rainmaker
6,563,553
Joan Cox, Retired Broker/Owner
Denver, CO
Enjoying Every Day to Its Fullest!

I definitely have a CPA, and she keeps me on track so I do not get behind in paying taxes.

Oct 17, 2015 04:53 AM
Rainmaker
523,160
Doyle Davison
Huntington Beach, CA

Do you do your own taxes is like selling your own home with no experience... NO.. CPA only... Not even a bookkeeper  NONONO

Oct 21, 2015 02:58 AM
Rainmaker
2,579,930
Rebecca Gaujot, Realtor®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

No way do I do my ow taxes, I have a CPA and like you I would definitely be lost if I tried to do my own.

Oct 20, 2015 01:19 PM
Rainmaker
5,278,226
Richard Weeks
Dallas, TX
REALTOR®, Broker

CPA all the way

Oct 17, 2015 11:54 PM
Rainer
171,073
Richard L. Sanderson
Richard L. Sanderson Consulting - Kalama, WA
helping improve local property tax systems

Paul S. Henderson, Realtor, Tacoma Washington - I'm an accounting nerd that is also an economist, so I love to track numbers, report them, and make comparisions. I neatly prepare all the accounting records and send them off to our CPA so she can finalize them. Fortunately for my wife and I we have complicated income streams and investment earnings, so getting a CPA involved is a wise investment.

Oct 17, 2015 07:17 PM
Rainmaker
2,759,872
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good Sunday morning Paul. I do use a CPA.

Oct 17, 2015 06:14 PM
Rainmaker
849,095
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

CPA  I wouldn't go without one.  It would be like being a FSBO instead of using a Realtor.  Too much room for error, loss or law suits.

Oct 17, 2015 04:42 PM
Rainmaker
1,684,073
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

We used to do our own, now we use a professional.

Oct 17, 2015 02:16 PM
Ambassador
3,778,724
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

I use a professional.  It's just way to complicated to do myself, or even with Turbo Tax.

Oct 17, 2015 12:52 PM
Ambassador
7,383,369
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I delegat this task, and she does an excellent job.

Oct 17, 2015 12:25 PM
Rainmaker
967,406
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Use a pro; too complex for me - stocks, Ed IRA's; bond redemptions; dividends, estate - makes my head spin. I tried looking things up, but too scared to make a mistake as rules change so often and there are so many different forms.

Oct 17, 2015 11:13 AM
Rainmaker
728,040
Jeffrey Jones
AZ Home Seekers - San Tan Valley, AZ
AZ Home Seekers, azhomeseekers.com

professional for both our corporate and personal!

Oct 17, 2015 09:09 AM