Real estate tax accounting gives real estate agents and rental property managers the confidence they need to make informed business decisions. This tax preparation and accounting method involves monitoring all financial statements and maintaining accurate records for each property.
We evaluate your rental properties and pinpoint wasteful spending while uncovering new commercial real estate investment opportunities.
We identify areas to increase efficiency and optimize operations.
Real estate taxes are based on the value of a property and are paid on an annual basis. Your income tax rate ranges from 10% to 37% and is determined by many factors.
A real estate CPA or real estate tax accountant can identify business-associated expenses that can often be deducted from your rental income.
Rental income should be treated like any other form of income when you file your tax return. If your combined incomes exceed a certain amount, you could be bumped to the next tax bracket and be subject to a high tax rate.
Managing rental properties, including traditional, VRBO, and Airbnb can be tedious and time-consuming, leaving little room to devote to tasks outside your expertise. That’s why 1-800Accountant offers real estate accounting services to property managers like you. We make this aspect of rental property management stress-free while providing powerful insights that help make doing business easier.
*Based on a $12.2k average 2022 tax refund per client, which is 4x the cost of a full-service package. Source: first-party data.
**Includes average business tax preparation, form completion and submission, record keeping, and other misc admin time. Source.
***Historical first-party data.