Brandon was named 40 under 40 by CPA Practice Advisor in 2018. Brandon leverages his personal real estate investing and his Big 4 Accounting experience to offer unique insights to his clients.
In this episode, we talk to Brandon Hall who has grown his business from answering tax questions while studying for the CPA exam to having a team of 40 in the US and 24 overseas, serving 700 real estate investor clients. He shares valuable advice on tax planning, compliance, preparation, and accounting services for real estate investors.
We discuss the benefits and potential pitfalls of 1031 exchanges, how to use passive income and loss to reduce taxes and increase income, and the importance of tracking suspended passive loss carry forward using Form 8582. Brandon also explains the implications for real estate investors moving from active to passive investing and offers insights into why CPAs may not be proactive and how clients can encourage them to be more proactive.
We explore emerging technologies like robotic process automation (RPA) and the tax benefits of investing in short-term rentals. So, whether you're a seasoned real estate investor or just starting, this episode is packed with helpful tax advice and insights that you won't want to miss!
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