CPA for 1099 recs?

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stephenpatrickd

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Hello there,
I am interested in any recommendations for CPAs who can help with 1099 taxes.
Thank you in advance,
spd

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White coat investor has a list.

I tried using his list for mortgage lenders and half of them either didn't get back to me or offered ridiculous rates. He is also now basically just an advertisement for all the "courses".
 
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I tried using his list for mortgage lenders and half of them either didn't get back to me or offered ridiculous rates. He is also now basically just an advertisement for all the "courses".


4 yrs ago I contacted several of the lenders on his list. Some of them never got back to me. But one was ridiculously on the ball, offered a fantastic rate, and got things done in record time. Even the realtor and the escrow folks were impressed. Happy to refer him if anyone is interested.
 
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Hello there,
I am interested in any recommendations for CPAs who can help with 1099 taxes.
Thank you in advance,
spd
I found that asking my colleagues or 1099 CRNAs for local CPAs quite helpful. I think you need to interview the CPA on the phone and ask about experience working with medical providers who run a solo or 2 person small business. How aggressive is this CPA vs how conservative with deductions. You want to hire a CPA who fits in with your philosophy about the risk for audits. The more aggressive the deductions the more likely you won't survive the audit. I chose a middle ground CPA who reminds me often when I step over the line. I like to know the risk I am taking with each deduction: remember with tens of thousands of new IRS agents being hired in 2023 the chance for an audit is going way up. Hence, be prepared to pay the fine and defend the big deductions.
I generally like to limit my exposure to no more than $10,000 in "back taxes" owed due to deductions being denied in case of an audit.
 
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I found that asking my colleagues or 1099 CRNAs for local CPAs quite helpful. I think you need to interview the CPA on the phone and ask about experience working with medical providers who run a solo or 2 person small business. How aggressive is this CPA vs how conservative with deductions. You want to hire a CPA who fits in with your philosophy about the risk for audits. The more aggressive the deductions the more likely you won't survive the audit. I chose a middle ground CPA who reminds me often when I step over the line. I like to know the risk I am taking with each deduction: remember with tens of thousands of new IRS agents being hired in 2023 the chance for an audit is going way up. Hence, be prepared to pay the fine and defend the big deductions.
I generally like to limit my exposure to no more than $10,000 in "back taxes" owed due to deductions being denied in case of an audit.
exactly this, I just interviewed a handful of local CPAs last month. My main goals of every conversation were experience with 1099 docs/crnas, where on the spectrum of aggressive/conservative they fall, audit history, and then I had a few questions about specifics (how they calculate home office size, 280a, etc) that I asked to gauge their knowledge and practices. Obviously only considered CPAs that people said they liked. Most of the people I asked said they wouldn't recommend their person to a family member. Prices ranged between $1000-10,000 for S-corp fillings, and tbh the ones I liked most were on the cheaper side.
 
4 yrs ago I contacted several of the lenders on his list. Some of them never got back to me. But one was ridiculously on the ball, offered a fantastic rate, and got things done in record time. Even the realtor and the escrow folks were impressed. Happy to refer him if anyone is interested.
PM me please.
 
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4 yrs ago I contacted several of the lenders on his list. Some of them never got back to me. But one was ridiculously on the ball, offered a fantastic rate, and got things done in record time. Even the realtor and the escrow folks were impressed. Happy to refer him if anyone is interested.
PM me please. Thank you
 
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Here is the list from White Coat investor. Anyone contact them or use one? What were the fees? Are they aggressive?
 
I use Fox CPA.

Here is the list from White Coat investor. Anyone contact them or use one? What were the fees? Are they aggressive?

I use Fox CPA. Switched this year after using one recommended by another anesthesiologist that claimed to handle many 1099 docs, etc.... but was unresponsive to emails and didn't know some basic stuff like what a back door Roth IRA was and how to do taxes for it, how a solo 401k works. I believe that Fox CPA has been much better so far based on my experience. The founder of the firm also posts on WCI forums and answered a question of mine that my prior CPA mislead me on (a reason I chose Fox).

Most docs have no idea if a CPA is good or not. Only if they find them to have a likable personality. So it's really tough to tell just based on recs of a layperson.
 
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Is he a CPA or a financial advisor or both?


Edit: just checked he’s an E.A. so qualified to give tax advice.
Also, if you want to vet him he's quite active on twitter. Just scroll through his tweets/replies. He consistently gives very sound financial advice. He also works mostly with MD/DO's. I've been using him for around 3 years now. I live in SoCal and he lives in Michigan. All visits done by video, phone, or text.

 
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