BiggerPockets Money17 Helmi 2020

112: Choosing the Right Tax Professional for YOUR Specific Needs with Natalie Kolodij

Natalie Kolodij is a tax strategist. (You’ve probably seen her in the forums!) With April 15 looming around the corner, we’re going to chat about ways to choose the RIGHT tax professional who can best serve YOUR specific needs.

Natalie also shares a few red flags about potential tax preparers, as well as specific things your tax pro should be asking for—and what it means if they do not.

She’ll also share some common missed deductions that can cost you BIG and how to prepare and organize your documents so your tax pro can process your returns quickly, efficiently, and with the least amount of time billed to you.

Looking for that seemingly-elusive real estate professional status? Natalie explains in detail how to qualify for this lucrative benefit. She even shares how long you can depreciate a kangaroo!

If you’re a taxpayer, this show can help you save time and money. If you’re a real estate investor/taxpayer, you can’t afford NOT to listen to Natalie’s advice!

In This Episode We Cover:

The right time for somebody to start looking for a tax professional
How to find a tax professional
How important state-specific knowledge is
What a true expert can bring to the table regarding your return
What a real estate professional is
Benefits of consulting a tax professional prior to buying a property
How to prepare for a meeting with your tax professional
3 most common errors—check these before submitting your return
How to approach a tax return for a house hack or duplex
What to do if you recognize issues with past returns
What depreciation recapture is
And SO much more!

Links from the Show

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