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Why I RULE, Err, I
mean, Why Me?
1. My
client advice and research are thoroughly focused on real estate
investment. I've heard most of the questions and researched most
of the answers.... and constantly work to stay on top of RE tax issues.
That means that I can normally answer your questions quickly,
aggressively and ethically. Few generalists can compete with a
focused specialist. Would you go to the family doctor for heart
surgery? Of course not! So why use a jack of all trades
(master of none) for your real estate business?
2. I cost less. After you look at my hourly rates, you'll
laugh at that claim. I didn't say I was cheap- I said that I cost
less. I've seen it again and again- potential clients go to a
local generalist, and get lousy advice that is plain wrong, or so
conservative that the overpaid taxes far outweigh the
"savings" on fees. Or the low hourly rate gets applied
over many hours, because the generalist needs to research every
question.... or bill you to learn OUR business. I'm not cheap
(unless wine is involved), but I usually cost less!
3.
I am an attorney. So, unlike many accountants, I actually read the
law, and not just someone else's opinion of the law. I interpret
that law aggressively whenever ethically possible. I LIKE gray
law, unlike many accountants who just want a black and white box to fill
in. I respect the IRS' power, but do not fear it. I simply
can't abide mousy advisors who squeak "Oh, the Service wouldn't
like THAT". I don't care what the IRS likes, I am guided by
what the law permits.
4.
I am an accountant. So unlike many attorneys, my understanding of
numbers goes beyond entering the fees on your billing invoice. I
understand proper book-keeping - without which, the most expensive tax
planning is absolutely worthless. I also understand (and perform)
tax compliance- and give tax planning advice that reflects compliance
ins and outs.
5.
I invest in real estate. I DO deal with tenants, buyers,
contractors, suppliers, title companies and other investors, to name a
few. I needn't spend billable hours learning OUR business.
And my clients and I sometimes "talk shop" and learn from each
other, once the tax dust settles.
6.
I see a lot vicariously, through the eyes of my investor clients.
I love reading their financial "books", because they tell a
story. Each investor's angles and techniques are unique, and
crafted to a specific market and personality. I am often able to
pass practical tips on...after I've incorporated them into my own
investments, of course!
7. I
have experience aggressively representing clients before the taxing
authorities- and getting favorable settlements whenever possible (I
won't help cheats & can't help those who won't follow professional
advice). The Other Side is human (most of the time)- and is usually susceptible
to persuasion, evidence and argument. And if not, the Other Side's
superiors usually will listen....along with the hearing boards
and the courts.
8.
While I am focused on the field of taxation, my legal training helps me
incorporate non-tax concepts into rendering tax advice. For
example: choice of entity (C-corporation, LLC, etc.) is heavily
driven by tax issues- but other legal principles also matter.
Sometimes a third-party manager or general partner is needed to preserve
or enhance limited liability.... sometimes a transfer of assets to an
entity would run afoul of fraudulent conveyance statutes.... sometimes
the company is too "thinly" capitalized under state law.
While I cannot directly advise on such issues (except in Ohio) without
getting licensed in your state, I CAN point the issues out so that you
can seek local legal counsel. You'd be amazed at how many tax
advisors opine based on tax concepts only- and run afoul of some pretty
important non-tax laws!
9.
Most tax advisors simply do what you tell them to do- that is, prepare
your return based on the information that you provide... when's the last
time your advisor came to you and saved you money? My job
is to know what you do not - and communicate it - and save you money.
10.
I vote the right way. Who wants a pinko as an advisor? If
that "offends" you - you will likely not care for me or my attitude.
Choose advisors accordingly.
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