Ongoing Engagement
STR Tax Advisory
Ongoing strategic tax guidance for your STR portfolio
What's Included
Five components, one engagement
Everything you need for ongoing STR tax strategy oversight: reviews, monitoring, projections, and direct access.
Quarterly Strategy Reviews
Scheduled strategy calls each quarter assessing your tax position, material participation status, and strategic adjustments. The Q4 call is a dedicated year-end planning session to finalize deduction timing, expense acceleration, and year-end actions.
Material Participation Monitoring
Ongoing review of documentation and hour tracking. Proactive alerts if you risk falling below required thresholds. Annual compliance review prior to tax filing to confirm material participation status.
Mid-Year Tax Projection
Delivered during the Q3 review period. A projection of your estimated tax position for the current year, allowing time for strategic adjustments before year-end.
Tax Law Change Alerts
Proactive communication when tax law changes affect your STR strategy. Analysis and recommended adjustments delivered as developments occur, not discovered at filing time.
Direct Email Access
Year-round email access to your CPA for STR tax strategy questions related to your engaged properties. Acknowledgment within two business days, substantive responses within three.
Pricing
Transparent pricing
$500
/month
Month-to-month engagement. Either party may terminate with 30 days' written notice. Monthly billing is due on the 1st of each month.
Get StartedEngagement Scope
What's included and what's not
What's Included
- Quarterly strategy review calls (4 per year, including Q4 year-end planning)
- Material participation monitoring and documentation guidance
- Annual material participation compliance review prior to tax filing
- Annual verification of 7-day average stay rule compliance
- Mid-year tax projection delivered during Q3 review period
- Year-end tax strategy call (Q4)
- Year-round email access for STR tax strategy questions
- Proactive communication on tax law changes affecting STR owners
- Coordination with cost segregation providers, attorneys, or other professionals as needed
Not Included
- Tax return preparation and filing (available as a separate service)
- Bookkeeping or transaction categorization (available as a separate service)
- Legal advice, entity formation, or legal document preparation
- Audit representation or IRS correspondence (clients with an active Blueprint engagement and return preparation through Wakefield Tax receive audit representation per the Examination Support commitment. Available as a project-based engagement for all others)
Tax return preparation and bookkeeping are available as separate engagements that coordinate seamlessly with the Advisory.
Works With
Complementary services
The Advisory focuses on strategy and oversight. These services handle execution and operations.
STR Tax Preparation
Specialist-prepared returns with full coordination between your Advisory strategy and annual filing. Starting at $1,500.
Learn moreSTR Bookkeeping
Monthly transaction categorization, reconciliation, and P&L reporting for your STR properties. $200–$300/month per property.
Learn moreFrequently asked questions
Each quarterly review is a scheduled strategy call assessing your tax position, material participation status, and any strategic adjustments needed. The Q4 review is a dedicated year-end planning session to finalize deduction timing, expense acceleration, and any year-end actions. You also receive a mid-year tax projection during Q3.
Tax return preparation is a separate engagement available alongside the Advisory. This allows clients to select the specific services that match their needs. Advisory clients who also engage for Tax Preparation benefit from seamless coordination between strategy and compliance.
You have direct email access to your CPA for STR tax strategy questions related to your engaged properties. Acknowledgment within two business days, with substantive responses within three business days. Complex questions requiring research may take longer, with a timeline communicated upon acknowledgment.
The Advisory operates on a month-to-month basis at $500 per month. Either party may terminate with 30 days' written notice. Monthly billing is due on the 1st of each month.
Ready for ongoing STR tax advisory?
Quarterly reviews, material participation monitoring, and year-round access to your STR tax specialist.
Get Started