Tax Preparation & Accounting for Real Estate Investors in Houston, TX

Tax Preparation & Accounting for Real Estate Investors in Houston, TX

As a real estate investor, it’s important to have a team of experts in your corner to help you with the various aspects of your business. From finding properties to rehabbing them and then selling or renting them, there are a lot of moving parts. And one of the most important pieces of the puzzle is making sure your accounting & taxes are in order. That’s where Molen & Associates comes in.

Molen & Associates is a full-service tax preparation, tax planning and accounting firm that has been serving the needs of real estate investors and business owners in Houston, TX for over 40 years. We understand the unique challenges that real estate investors face when it comes to taxes, and we’re here to help you navigate those challenges.

We offer a variety of services that can benefit real estate investors, including:

  • Tax preparation – We can prepare and file your taxes for you so that you can focus on what you do best – finding and rehabbing properties. We’ll make sure all of your deductions are taken advantage of so that you can maximize your tax benefits and get the best ROI on your properties.
  • Tax planning – We can help you plan for your taxes so that you’re never caught off guard by a large tax bill. We’ll work with you to establish a strategy that minimizes your taxes and maximizes your profits. We love working with real estate investors who are proactive and want to stay ahead of the curve.
  • Accounting services – We offer a full range of accounting services, from bookkeeping to financial statement preparation. We can help you keep track of your income and expenses so that you have a clear picture of your financial situation at all times. If you don’t know where your money is going, you won’t know if your properties are cash flowing or if you are achieving profitability.
  • W2 and 1099 preparation – You have a busy schedule and the last thing you want to worry about is getting hit with penalties because you haven’t correctly issued 1099 or W2s to your team. We can help with many different types of form preparation to make your life easier.

How do real estate investors avoid taxes?

Real estate investors can take a variety of steps to minimize their tax burden and avoid paying more than is required. One important strategy is to hold investments for as long as possible, so that they can be taxed at the more favorable long-term capital gains rate or even utilize 1031 exchange strategies. Additionally, investors can look for opportunities to take advantage of various tax exemptions and deductions, such as the deduction for depreciation or the ability to deduct rental property expenses against rental income or opportunity zones. Another useful and often overlooked strategy is to keep good records and maintain an organized system for tracking expenses and income, which will make it easier to prepare taxes accurately and stay in compliance with IRS regulations. This may seem simple, but oftentimes this is not happening and is an easy way to lower your taxes and stay compliant. 

Overall, by being proactive about tax planning and making smart choices when investing in real estate, real estate investors can significantly reduce their tax burden and keep more of their hard-earned money. In fact, we have a tax deduction checklist you can use here:

TAX CHECKLIST

Which things are tax deductible on real estate used for investing?

There are a number of things that can be considered tax deductible when it comes to real estate investing. Some of these include costs related to repairs and maintenance, property taxes and insurance, depreciation expenses, and interest on loans or mortgages used to finance the property. Additionally, certain expenses incurred in the management or rental of the property may also be tax deductible, including advertising costs, legal fees, and travel expenses. Ultimately, the specific deductions that are available will depend on a variety of factors, such as how the property is being used and what type of investment vehicle is being used to acquire it.

Are there tax benefits to investing in real estate?

There are many tax benefits to investing in real estate, including deductions for property taxes, mortgage interest, and other expenses associated with owning and maintaining property as mentioned above. These deductions can help reduce your taxable income, thus reducing the amount of tax you owe each year. Additionally, capital gains taxes on the sale of real estate can be minimized or avoided entirely by investing in a property that increases in value over time. And if you choose to rent out your real estate investment, you may also be eligible for tax breaks related to depreciation and other rental-related expenses. There are many ways that real estate investing can help you save money on your taxes and maximize the return on your investment.

Real estate investor tax preparation near me

If you’re a real estate investor in Houston, TX, then Molen & Associates should be your go-to firm for tax preparation, tax planning and accounting services. We have over 40 years of experience helping investors and business owners like you minimize their taxes and maximize their profits. Contact us today to learn more about how we can help you!

The Molen & Associates Difference

Mike Forsyth

“Super helpful and timely. This is our first year with them and we look forward to trusting them with our taxes and business books for years to come.”

Caitlin Daulong

“Molen & Associates is amazing! They run an incredibly streamlined process, which makes filing taxes a breeze. So impressed with their attention to detail, organization, and swift execution every year. Cannot recommend them enough!”

Sy Sahrai

“I’ve been with Mr. Molen’s company for few years and I felt treated like family respect and dignity. They are caring, professional and honest, which hard to find these days. Love working with them.”

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