RENT Magazine Q4'23

5. How will they handle an IRS audit?

If you do become audited, you deserve an experienced tax advisor who will go to bat for you and your business. Ask prospective CPAs to share examples of how they've handled client audits. If a CPA suggests skipping legitimate tax deductions to avoid an audit, look for a different CPA. You want a CPA who isn’t afraid of the IRS, who will handle all communication with the agency and who is comfortable with the process.

YOU WANT A CPA WHO ISN’T AFRAID OF THE IRS.

6. What do they think about real estate?

Any good tax advisor loves real estate. It’s one of the best investments you can make to create wealth while permanently reducing taxes. As you listen to the response to this question, also look for signs that the CPA has an entrepreneurial mindset. A CPA who thinks like an entrepreneur can be a game-changer. They will be more innovative when it comes to helping you accomplish your financial goals.

A CPA WHO THINKS LIKE AN ENTREPRENEUR CAN BE A GAME-CHANGER.

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