Tax Tips for Alts Investors-with Vince Porter, CPA-Episode 5

Wouldn't it be great if you could talk to a tax expert about what to look for and what to avoid as an alternatives investor? We got a chance to do that with Vince Porter, the CEO of Porter & Company CPAs. Many don't realize that CPAs are specialized, and if you're a Limited Partner ("LP") in private offerings you shouldn't just go to any CPA just as you wouldn't go to an orthopedic surgeon for a respiratory infection. Not all CPAs are well-versed in partnership accounting!Vince discusses what simple questions to ask your CPA to make sure they have the right background to maximize tax benefits. He also discusses some unfortunate recent deals that ended up victimizing their investors.Chihiro Kurokawa and Pedro DeLeon, Jr. are your hosts of the Beyond Stocks Show, where two regular guys bring you experts and practitioners from the alternative investing world. Our goal is to educate investors on how to build wealth by investing in alternative assets, by going Beyond Stocks, bonds and 401ks.