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Paul S. Henderson, REALTOR®, CRS, South Puget Sound Washington Agent/Broker! (Fathom Realty Washington LLC)

Answers

Ambassador
1,472,776
Susan Emo
Kingston, ON
Kingston and the 1000 Islands Area

I expect the public to hire a Real Estate Professional and I wouldn't dream of attempting my taxes on my own.  Pro all the way!

Oct 17, 2015 06:17 AM
Rainmaker
958,009
Mark Don McInnes, Sandpoint-Idaho
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Same as with electrician and plumbers.  I use a professional.  Mark

Oct 17, 2015 05:44 AM
Rainmaker
1,563,020
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

For many, many reasons I use a CPA.  Chief amongst those reasons is I wouldn't hire a plumber to sell my house!  The tax code is immense and crazy.  If you want any chance in making sure the taxes are done right, hire a professional.  Just like you wouldn't hire a plumber to sell your house, don't hire a Realtor to do your taxes!

Oct 17, 2015 06:26 AM
Rainmaker
5,774,279
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Professional, there are many things like that, that we are not worth our time learning about.  A

Oct 17, 2015 06:09 AM
Rainmaker
5,586,310
Barbara Todaro
Retired...Mentoring Newbies - Franklin, MA
Previously Affiliated with The Todaro Team

OMG...I wouldn't think of preparing my own.... I have never....would probably get myself in a mess...

Oct 17, 2015 05:26 AM
Rainmaker
1,157,847
FN LN
Toronto, ON

I do my own taxes.  It is much faster, efficient, simpler, free, I don't need to explain anything and it is correct.

Oct 17, 2015 09:04 AM
Rainmaker
1,772,023
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

I have a CPA who writes off all the necessary things, I would always leave it to a professional.

Oct 17, 2015 07:27 AM
Rainmaker
1,513,143
Raymond E. Camp
Ontario, NY

An accountant as there is just too much to keep track of.

Oct 17, 2015 05:27 AM
Rainmaker
5,540,544
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Real Estate Broker

There's my husband, who's a semi-professional at it by now, who handles all the day to day record-keeping and gathering. But the final docs are all done by a professional.

Oct 17, 2015 04:50 AM
Rainmaker
3,988,194
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

We have used a CPA for 30 years. Our return is now over 150 pages long because of all the entities we are involved in. The same accountant does 75% of those entities' tax returns too. It's complicated.

Oct 17, 2015 11:06 AM
Rainmaker
1,395,083
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

We used to do it ourselves but the money invested in paying a professional has been well worth it.

Oct 17, 2015 10:50 AM
Rainmaker
982,409
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

I have a CPA. 

Oct 17, 2015 09:28 AM
Rainmaker
1,673,032
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC • Short Sale • Probate

I never do my own taxes. I do not want to be liable if there are any mistakes. I'm a single mom working as independent contractor and somehow IRS always has some questions to me.

Oct 17, 2015 08:44 AM
Rainmaker
2,820,240
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Professional.  I wouldn't dream of doing it any other way.  I think mine was more like 60+ pages.

Oct 17, 2015 08:26 AM
Rainmaker
634,582
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

I have a degree in Financial Management and always do my own. I used to have a CPA check it but rarely do now. 

Oct 17, 2015 06:48 AM
Rainer
217,010
Sharon Altier
Coldwell Banker Realty - Elmhurst, IL
Luxury Property Specialist, CSC, SFR

Professional..

Oct 17, 2015 05:48 AM
Rainmaker
1,713,581
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

We are in QuickBooks daily and our fields are aligned with our CPA's. On January 2nd we can hit a button and send to him. This saves about two weeks of backtracking time, or more for some folks, and it also saves money since it saves the CPAs time. 

Oct 17, 2015 05:46 AM
Rainmaker
2,919,016
Richard Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Same CPA who is also an attorney for decades now...

Oct 17, 2015 05:43 AM
Rainmaker
6,168,161
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I definitely have a CPA, and she keeps me on track so I do not get behind in paying taxes.

Oct 17, 2015 04:53 AM
Rainer
482,743
Doyle Davison
Hawaiian Beaches /Hawaii - 714-968-6767 - Huntington Beach, CA
30 years as your Concierge broker

Do you do your own taxes is like selling your own home with no experience... NO.. CPA only... Not even a bookkeeper  NONONO

Oct 21, 2015 02:58 AM
Rainmaker
2,579,850
Rebecca Gaujot, Realtor®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

No way do I do my ow taxes, I have a CPA and like you I would definitely be lost if I tried to do my own.

Oct 20, 2015 01:19 PM
Rainmaker
5,277,454
Richard Weeks
Dallas, TX
REALTOR®, Broker

CPA all the way

Oct 17, 2015 11:54 PM
Rainer
171,073
Richard L. Sanderson
Richard L. Sanderson Consulting - Kalama, WA
helping improve local property tax systems

Paul S. Henderson, Realtor, Tacoma Washington - I'm an accounting nerd that is also an economist, so I love to track numbers, report them, and make comparisions. I neatly prepare all the accounting records and send them off to our CPA so she can finalize them. Fortunately for my wife and I we have complicated income streams and investment earnings, so getting a CPA involved is a wise investment.

Oct 17, 2015 07:17 PM
Rainmaker
2,759,867
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good Sunday morning Paul. I do use a CPA.

Oct 17, 2015 06:14 PM
Rainmaker
809,319
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

CPA  I wouldn't go without one.  It would be like being a FSBO instead of using a Realtor.  Too much room for error, loss or law suits.

Oct 17, 2015 04:42 PM
Rainmaker
1,683,918
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

We used to do our own, now we use a professional.

Oct 17, 2015 02:16 PM
Ambassador
3,767,518
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

I use a professional.  It's just way to complicated to do myself, or even with Turbo Tax.

Oct 17, 2015 12:52 PM
Ambassador
6,916,156
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I delegat this task, and she does an excellent job.

Oct 17, 2015 12:25 PM
Rainmaker
943,445
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Use a pro; too complex for me - stocks, Ed IRA's; bond redemptions; dividends, estate - makes my head spin. I tried looking things up, but too scared to make a mistake as rules change so often and there are so many different forms.

Oct 17, 2015 11:13 AM
Rainmaker
697,040
Jeffrey Jones
AZ Home Seekers - San Tan Valley, AZ
AZ Home Seekers, azhomeseekers.com

professional for both our corporate and personal!

Oct 17, 2015 09:09 AM