meta_pixel
Tapesearch Logo
Log in
BiggerPockets Money Podcast

112: Choosing the Right Tax Professional for YOUR Specific Needs with Natalie Kolodij

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.62.9K Ratings

🗓️ 17 February 2020

⏱️ 77 minutes

🧾️ Download transcript

Summary

Natalie Kolodij is a tax strategist. (You’ve probably seen her in the forums!) With April 15 looming around the corner, we’re going to chat about ways to choose the RIGHT tax professional who can best serve YOUR specific needs. Natalie also shares a few red flags about potential tax preparers, as well as specific things your tax pro should be asking for—and what it means if they do not. She’ll also share some common missed deductions that can cost you BIG and how to prepare and organize your documents so your tax pro can process your returns quickly, efficiently, and with the least amount of time billed to you. Looking for that seemingly-elusive real estate professional status? Natalie explains in detail how to qualify for this lucrative benefit. She even shares how long you can depreciate a kangaroo! If you’re a taxpayer, this show can help you save time and money. If you’re a real estate investor/taxpayer, you can’t afford NOT to listen to Natalie’s advice! In This Episode We Cover: The right time for somebody to start looking for a tax professional How to find a tax professional How important state-specific knowledge is What a true expert can bring to the table regarding your return What a real estate professional is Benefits of consulting a tax professional prior to buying a property How to prepare for a meeting with your tax professional 3 most common errors—check these before submitting your return How to approach a tax return for a house hack or duplex What to do if you recognize issues with past returns What depreciation recapture is And SO much more! Links from the Show MileIQ: Mileage Tracking App BiggerPockets Forums BiggerPockets Money Facebook Group BiggerPockets Money Survey Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the BiggerPockets Money Podcast, show number 112, where we interview Natalie Colady from

0:05.7

Kolo Tax and Hear Tax Tips for aspiring real estate investors.

0:10.1

Just be mindful of your taxes.

0:12.4

Don't believe everything you read on the internet

0:15.2

that people tell you you can or can't do.

0:17.3

Check with a professional.

0:19.3

A lot of stuff gets set up wrong.

0:21.3

And just make sure that like I said, that you're as organized as you can be that you just

0:27.2

give all of the information in some way or another you don't need to know all of the tax laws like

0:31.5

that's not your job.

0:32.9

If you're hiring this out to someone else,

0:34.6

then that's their job is to know

0:36.2

how to maximize things for you.

0:38.2

But they need the details.

0:39.6

They need to know as much as possible to do that.

0:43.0

Hello, hello, hello, my name is Mindy Jensen

0:44.8

and with me as always is my astounding co-host Scott Trench.

0:48.4

Scott and I are here to make financial independence less scary,

0:52.0

less just for somebody else and show you that by

0:55.0

following the proven steps you can put yourself on the road to early financial

0:59.2

freedom and get money out of the way so you can lead your best life.

1:03.0

Wherever you are in your financial or life journey you can begin rapidly moving towards

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.