Subscribe to our Newsletter!
We send out occasional newsletters regarding taxes and IRS topics effecting real estate investors.
Details of the Core FAM program
1 business entity
$375 / mo
2 business entities
$575 / mo
3 business entities
$775 / mo
4+ business entities
call for custom quote
A minimum 6-month commitment is required
Business entity means an LLC, partnership, or corporation, up to 10 investment properties, with up to four owners. Investment properties include:
Higher number of properties or entity owners may increase the monthly fees. Please call us for clarifications on pricing.
There's cheap frozen no-brand pizza, and there's made-from-scratch pizza in a family-owned Italian restaurant. The only thing they have in common is the name.
Tax rules for REI businesses are too unique and complicated to trust your taxes to chain tax offices - unless you don't mind overpaying the IRS and getting audited. You need a firm specializing in real estate taxation! We work exclusively with real estate businesses, since 1996.
We will prepare your personal AND business Federal (IRS) and state tax returns, including Texas Franchise tax report.
Missing, incomplete or incorrect bookkeeping leads to much more serious problems: losing money on real estate deals, cash flow issues, loss of financial control, and overpaying the IRS, among others.
We will help you stop this vicious cycle by reviewing your books quarterly, throughout the year, and not just at tax time. Our clients experience tremendous improvements in cash flow, regaining control of their businesses and reducing stress - in addition to saving thousands of dollars!
We will help you set up your books properly, but day-to-day bookkeeping remains your responsibility. We can suggest technological solutions that will minimize your burden and cost. We can also refer you to professional bookkeepers experienced in REI business - if you would rather hire someone.
Once the books are straightened out, we will prepare your financial statements:
Why do you need these statements? There are many reasons, including:
There is a major catch, creating constant confusion real estate investors. The financial statements that your accounting software produces automatically (if it does) are NOT the statements you need for the purposes listed above. You can NOT take these statements to your lender!
We will explain to you why this is the case and, far more importantly, will fix this problem - so you can get accurate and useful financial statements. This benefit alone is worth the price of the entire program, by the way!
There is much more to tax planning than the infamous "what is the best business entity for REI"?
First, this question does not have an answer. The correct question should be - what is the best business entity for my specific circumstances and at this specific time?
And the right business entity is only the beginning. If you spend time with us planning ahead - we can save you tens of thousands of dollars! How?
Prior to the FAM programs, our clients often "missed the boat" - because you cannot rewrite history when dealing with taxes. No longer the case. We are now available to you throughout the year - to guide you to much higher and faster success!
When you run your business, tax and accounting questions pop up all the time.
You're trying something new and not sure how to record it correctly. You want to sign up for a new service but are not sure if it will be tax-deductible. You watched a new webinar, and wondering if the strategy they taught is legit and applicable to you. Your partner insists that you need to give a special IRS form that you have never used before. And so on.
The FAM programs allow you to get correct and timely answers to all your accounting and tax questions, via email.
Compare this to having to pay for each question you want to ask. No need to worry about extra charges once you sign up for the FAM program.
How important is it for you to have ongoing access to top-of-the-line tax and real estate expertise of our team?
During any year, an average business receives three IRS letters. Some businesses receive as many as 10 and even more. Usually, these letters are routine inquiries or acknowledgements. They may not require a response from you, but how do you know for sure?
Other letters require that you respond by a certain deadline. If you have received IRS letters in the past, you know that their letters are notoriously long and confusing. It's not easy to figure out what exactly they want from you and how you can comply with the requests. And mistakes can be costly.
Forward us all IRS letters that you receive - and we will take care of them if any response is necessary. Let us spare you these hassles, so you can focus on your real estate business.
Not included in the Core FAM program. Please click here to check out our other programs.
Not included in the Core FAM program. Please click here to check out our REI FAM programs.
Not included in the Core FAM program. Please click here to check out our REI Extended FAM program.
Copyright 2018 by REI Tax Firm