Tax Strategy & PlanningAugust 31, 2026· 8 min read
How to get an EIN number
Cost, lost numbers, W-9 entries, LLC ordering and foreign applicants each have their own answer. Start here and we will point you at the right one.
12+
Years Serving NYC
50
States Covered
5★
Rated on Yelp
150,000+
Returns Filed
Open
Evenings & Weekends
Section 01
The Role of a Real Estate CPA in Property Investment
A Real Estate CPA is a CPA who specializes in real estate accounting and has comprehensive knowledge of federal tax rules, laws, regulations, and the practice of working with property owners to manage their books. Their clients include investors, landlords and property developers–who they help with tax planning and compliance, maximising deductions to simplify finances and reduce the amount of tax payable.
Section 02
Top Services Offered By A CPA For Real Estate
Service | Description |
|---|---|
Tax Planning | Plan ahead to minimize tax liabilities and optimize deductions |
Rental Property Accounting | Bookkeeping, expense tracking, & compliance for rental properties |
1031 Exchange Assistance | Guidance on deferring capital gains through like-kind property exchanges |
Capital Gains Tax Management | Strategies for managing capital gains tax when selling real estate properties |
Entity Structuring | Guidance on structuring entities to protect assets and minimize your tax liability by forming LLCs or partnerships |
Tax Deduction Maximization | Assistance in identifying and claiming all eligible deductions to maximize tax savings |
Section 03
Benefits of Working with a Real Estate CPA vs. Filing Yourself
In-Depth Understanding of Real Estate Deductions: Real estate CPAs are trained in finding all of the deductions related to property tax ownership so they can maximize your savings.
Audit Protection
The CPA for real estate can mitigate the chances of being audited by having proper tax reports in place and ensuring that they are fully aligned with tax laws.
Save Your Time and Stress
Real estate tax compliance can get complicated; With the help of Real Estate CPAs it becomes less complex, which means you save time.
Financial Planning
Clients know that real estate CPAs can protect assets, manage cash flow, and make long-term plans if they want to secure better financial outcomes.
Section 04
Rental Property Tax Compliance — Here’s How a Real Estate CPA Can Help
Tax compliance is a must for rental property owners, this includes
Schedule E filing, or specifically reporting rental income and expenses.
Tracking expenses
They establish systems for identifying which costs are deductible and for tracking them.
Quarterly Tax Payments
Assist in calculating and payment scheduling for estimated quarterly payments to mitigate penalty charges
State and Local Tax Filing
Keep pace with differing state and local
Section 05
Real Estate CPA Assists with Asset Protection and Wealth Management
In addition to taxes, a Real Estate CPA can help investors with:
Asset Protection Strategies
Assist you in forming LLCs or other vehicles to protect your personal assets from liability that comes with real estate ownership.
Wealth Transfer and Estate Planning
Real Estate CPAs can counsel you on estate planning so that inheritance taxes will be reduced, and your property will pass easily to heirs.
Investment Analysis
Help assess the tax consequences of new real estate investments and use them to drive decision-making.
Risk Management
Identify potential financial risks associated with real estate transactions and assist in recommendations to mitigate exposure.
Section 06
How to Avoid Common Errors in Real Estate Accounting
By hiring a Real Estate CPA you can save yourself from common mistakes:
Incorrect Deprecation
Having to accurately calc depreciation in order to not get into trouble with the IRS.
Expense Misclassification
Differentiating between deductible repairs and depreciable improvements.
Missing Deductions
If you own a rental property, there are many deductions to be claimed, including mortgage interest and property management fees.
Bad Record-keeping
Keeping good records to accurately report business income will greatly assist with your tax returns.
Combining Personal and Business Expenses
The IRS holidays are over, keep separate funds for personal and business.
Section 07
Our Real Estate CPA Services
Dimov CPA provides the following services for real estate businesses:
Tax Planning and Strategy
Developing tax-efficient strategies such as depreciation and 1031 exchanges.
Rental Property Accounting
Handles all the accounting-related stuff on rental properties.
Capital Gains Tax Strategies
Helping reduce taxes on property sales.
Business Structuring Counsel
LLC formation or other entity selections
1031 Exchange Help: Guidance for clients who defer tax via a like-kind exchange.
Tax Deduction Optimization
Identifying all possible deductions for maximum tax savings.
No cost to start
Questions about your specific situation?
Fifteen minutes with a CPA who handles this every week. We will walk you through your options — no sales pitch, no obligation.
Client reviews
What our clients say
“George has prepared and maintained the corporate accounting and provided consultant services for my company for a number of years. He has always done an outstanding, professional and courteous job. I feel that his rates are very fair and he provides a great value for the cost.”
“Excellent service and very professional. George and his team have been handling my business taxes for years and I couldn't be happier with the results. They are always available to answer questions and provide expert advice.”
“I've been working with Dimov CPA for both personal and business taxes. Their attention to detail and knowledge of tax law has saved me thousands. Highly recommend to anyone looking for a reliable CPA in NYC.”
Frequently asked questions
FAQs
Real Estate CPA assists real estate owners, investors, landlords and property developers in tax planning compliance and financial strategy to minimize taxation cost and maximize profitability.
Real estate CPA can help you in 1031 exchange process to defer capital gains taxes stably. They will make sure that IRS requirements are met properly and everything is done as per the plan.
Working with a Real Estate CPA can help you identify all tax deductions available, including mortgage interest, property taxes, and repairs; so that they can be applied to reduce your taxable income.
A General CPA deals with various types of tax issues, whereas a Real Estate CPA is more focused on real estate-related tax matters and possesses deeper expertise regarding the property side of taxes.
A Real Estate CPA is someone who has experience with and understands the nuances of real estate that many other CPAs do not know, such as when to buy or sell a property, how to properly plan a 1031 exchange (and ensure you can), or when you need help running rental property accounting and tax compliance.
Still have a question? Ask a CPA directly or call (212) 641-0673.
Keep reading
More insights selected for you
Tax Strategy & PlanningAugust 26, 2026· 8 min read
Tourist and city taxes on a New York hotel stay
Is there a tourist tax in New York City? Not under that name. What visitors pay is a hotel occupancy tax stacked on top of three separate sales taxes.
Tax Strategy & PlanningAugust 26, 2026· 8 min read
Transfer taxes on a New York property sale
Who pays New York transfer taxes, at what rate, and how they affect your basis. NYS, NYC RPTT, and the buyer paid mansion tax, explained by a New York CPA.
Ready when you are
Let's talk about the next step
A CPA will review your situation and give you a straight answer. No commitment, no jargon.
