Rental Property Tax Accountant

Manage rental property finances with clear, reliable tax guidance from F.I.C. Our team helps landlords and real estate investors organize rental income and expenses, prepare accurate tax returns, and identify relevant deductions while supporting broader bookkeeping needs. With over 35 years of experience and expertise in complex financial situations, we provide personalized solutions for property owners across the United States.

Accountant reviewing rental property financial records and tax documents

Our Rental Property Tax Accountant Services

Practical tax and accounting support for rental income, property expenses, business structures, and ongoing financial records.

Individual Tax Returns

Prepare personal tax returns with organized rental income and expense information, while reviewing applicable deductions and credits based on the owner’s financial circumstances.

Business Tax Returns

Support rental property owners operating through a business entity with accurate business tax return preparation, organized records, and attention to changing tax requirements.

Rental Bookkeeping

Maintain clear financial records for rental activity by organizing transactions, income, and expenses so property owners can make informed decisions and prepare for tax filing.

Personalized Tax Guidance

Clearer Rental Finances, Better Tax Decisions

Rental property finances can involve recurring income, operating expenses, and records that need to remain organized throughout the year. F.I.C. combines tax preparation, bookkeeping, and broader financial consulting to help property owners understand their numbers and prepare complete information for filing. With personalized service and experience handling complex financial situations, the team supports real estate investors across the United States.

Financial professional organizing rental property income and expense records
The F.I.C. Difference

Why Choose F.I.C.?

F.I.C. brings tax knowledge, accounting experience, and personalized financial guidance together for rental property owners.

Deep Experience

Over 35 years of experience across accounting, tax, insurance, and financial consulting.

Personalized Service

Customized financial solutions reflect each property owner’s circumstances rather than a one-size-fits-all approach.

Broad Expertise

A multidisciplinary team supports tax, bookkeeping, advisory, and complex financial needs under one roof.

National Reach

F.I.C. serves clients across the United States while maintaining roots in Chicago and Minneapolis/St. Paul.

Meet The F.I.C. Team

Experienced professionals help clients navigate complex financial decisions with clarity.

Portrait of Al Beheary, CEO of Financial Innovations Consulting

Al Beheary

CEO

Al Beheary serves as CEO of Financial Innovations Consulting (F.I.C.), bringing entrepreneurial vision and deep expertise in international and inter-state government accounting to the firm. With a strong background in investment strategy, Al works closely with individuals and companies to organize their finances, align their investment portfolios, and achieve their long-term financial and retirement goals. His leadership has guided F.I.C. through over 35 years of growth, expanding the firm from its Chicago roots to a multi-office organization with an international presence in Ireland and Egypt. Al's commitment to empowering clients with knowledge and personalized financial solutions remains at the core of everything F.I.C. does.

Portrait of Siobhan Kieran, COO of Financial Innovations Consulting

Siobhan Kieran

COO

Siobhan Kieran serves as Chief Operating Officer of Financial Innovations Consulting (F.I.C.), bringing extensive experience working with both individuals and large multinational corporations. As a seasoned risk manager, Siobhan specializes in identifying potential financial setbacks and equipping clients with the foresight and long-term safeguards needed for personal and professional success. Her expertise spans strategic planning, operational oversight, and risk mitigation, making her an invaluable resource for clients navigating complex financial landscapes. Siobhan's client-centric approach and commitment to delivering proactive, comprehensive financial strategies reflect F.I.C.'s core values of transparency, integrity, and excellence.

Portrait of Mary Kay, Administration and New Business Specialist at Financial Innovations Consulting

Mary Kay

Administration/New Business Specialist

Mary Kay serves as Administration and New Business Specialist at Financial Innovations Consulting (F.I.C.), playing a key role in welcoming new clients and ensuring seamless onboarding experiences. With a detail-oriented and client-focused approach, Mary Kay helps individuals, families, and business owners navigate the first steps of their financial journey with F.I.C. Her organizational expertise and dedication to exceptional service contribute to the firm's reputation for personalized, responsive client care. As part of F.I.C.'s experienced administrative team, Mary Kay helps uphold the firm's commitment to clarity, transparency, and making every client feel supported from day one.

Portrait of Thomas Sandhof, Administration and Retention Specialist at Financial Innovations Consulting

Thomas Sandhof

Administration/Retention Specialist

Thomas Sandhof serves as Administration and Retention Specialist at Financial Innovations Consulting (F.I.C.), focusing on nurturing long-term client relationships and ensuring ongoing satisfaction with the firm's services. Thomas plays a vital role in maintaining the trust and loyalty of F.I.C.'s diverse client base, which spans individual taxpayers, small business owners, and large corporations. His dedication to client retention reflects F.I.C.'s core belief that lasting financial partnerships are built on consistent communication, reliability, and personalized attention. Thomas works to ensure that every client continues to receive the high-quality financial guidance and support they expect from F.I.C.

Portrait of Aine Breen, Administrative Assistant at Financial Innovations Consulting

Aine Breen

Administrative Assistant

Aine Breen serves as Administrative Assistant at Financial Innovations Consulting (F.I.C.), providing essential support that keeps the firm's daily operations running smoothly and efficiently. Her organizational skills and commitment to excellent service ensure that clients, colleagues, and partners receive timely, professional assistance across all of F.I.C.'s service areas. Aine's contributions help maintain the high standards of accuracy and responsiveness that F.I.C. is known for across its Chicago headquarters and beyond. Her dedication to supporting both the team and the clients she interacts with reflects the firm's client-centric values and commitment to operational excellence.

Portrait of Matt McDowell, Marketing Specialist at Financial Innovations Consulting

Matt McDowell

Marketing

Matt McDowell serves as Marketing Specialist at Financial Innovations Consulting (F.I.C.), responsible for communicating the firm's comprehensive range of financial services to clients across Chicago, the United States, and internationally. Matt plays a key role in building F.I.C.'s brand presence and helping individuals, families, and business owners understand how the firm's expertise can address their unique financial needs. His work supports F.I.C.'s mission to be a trusted, accessible financial partner for a diverse clientele. Through targeted marketing strategies, Matt helps connect those facing complex financial challenges with the expert guidance F.I.C. has provided for over 35 years.

Portrait of Sara Peterson, Insurance Assistant at Financial Innovations Consulting

Sara Peterson

Insurance Assistant

Sara Peterson serves as Insurance Assistant at Financial Innovations Consulting (F.I.C.), supporting the firm's comprehensive insurance services for individuals, families, and businesses. Sara assists clients in navigating insurance options, policy details, and coverage solutions, ensuring they have the protection and clarity they need to make confident decisions. Her role is integral to F.I.C.'s one-stop financial services model, which combines accounting, tax, retirement planning, and insurance under one roof. Sara's attentive, client-focused approach helps ensure that every insurance client receives accurate information and responsive support, reflecting F.I.C.'s commitment to excellence and transparency.

Portrait of Cara Kennedy, Irish Logistics Specialist at Financial Innovations Consulting

Cara Kennedy

Irish Logistics

Cara Kennedy serves as Irish Logistics Specialist at Financial Innovations Consulting (F.I.C.), managing the firm's operational coordination from its international office in Drogheda, County Louth, Ireland. Cara plays a critical role in supporting F.I.C.'s international service delivery, helping bridge the firm's Chicago-based operations with its European clientele and partners. Her expertise in cross-border logistics ensures that clients in Ireland and beyond receive the same high standard of financial service that F.I.C. is known for across the United States. Cara's work reflects F.I.C.'s commitment to providing seamless, globally connected financial solutions for an increasingly international client base.

Frequently Asked Questions

How to account for rental income on taxes?

Rental income is generally reported with related property expenses and supporting records on the appropriate tax return. Owners should organize rent received, operating costs, repairs, and other relevant documentation before filing. The treatment can vary based on ownership structure and the nature of the property activity, so a tax professional should review the complete financial picture and applicable tax rules.

What records should rental property owners keep?

Can F.I.C. help with rental property bookkeeping?

Do rental property owners need individual or business tax preparation?

What rental property expenses may be deductible?

Can F.I.C. help real estate investors with complex financial situations?

Does F.I.C. serve rental property owners outside Chicago?

Can rental property tax support include IRS audit assistance?

Still Have Rental Tax Questions?

Talk with F.I.C. about organizing your property finances and tax needs.

Get Clearer Rental Property Tax Guidance

Share your rental property accounting needs and expect a focused conversation about appropriate tax, bookkeeping, or advisory support.

Contact Us Today

For immediate assistance, feel free to give us a direct call at (773) 202-9393. You can also send us a quick email at TAX@FICMN.COM.