Rental property owners
Student-housing landlords deal with depreciation, repairs versus improvements, and passive-loss limits.
Learn more: Cost segregation · Passive loss rules · Real estate professional status
The Entrepreneur's CPA for Waco, TX
We help faculty and staff, researchers, landlords, and local business owners in Waco, TX resolve IRS problems and plan ahead so the same issue doesn't return.
Every IRS case starts with your IRS account transcripts and a written plan, with fees disclosed before we begin.
We do not have an office in Waco. Waco clients are served remotely from our Irving, Texas office by video, phone, and secure document exchange.
See published pricing · How engagements work · Call (817) 214-4014
Tax and IRS issues we see in Waco
Waco is part of the Central Texas region, in McLennan County. Home to Baylor University.
This community's economy revolves around a major university, including education, research, healthcare, and the housing and service businesses that support students and faculty.
Texas has no personal income tax. Most businesses deal with the Texas franchise tax and sales tax, both administered by the Comptroller, and local property taxes are handled through county appraisal districts.
Education benefits
Employer education assistance, scholarships, and credits interact in specific ways that are easy to misreport.
Learn more: Education assistance plans
Consulting and research income
Faculty consulting and grant-related income without withholding often leads to balances and matching notices.
Learn more: CP2000 notice · Solo 401(k)
Frequently asked questions
I own student rentals. What records should I keep?
Keep leases, receipts, improvement invoices, and mileage. Repairs and improvements are treated differently for tax purposes.
I do consulting outside my university job. Do I need estimated payments?
Often, yes, if the consulting income has no withholding. We can set up a quarterly schedule.
Are you located in Waco?
We serve clients here remotely from our Irving office.
Credentials and practice authority
How we serve clients in Waco, Texas
ebotCPA PLLC is a licensed Texas CPA firm serving clients throughout Texas from our Irving office. We do not maintain an office in Waco. Services are delivered remotely or at our Irving location by appointment.
IRS resolution and representation · tax planning and strategy · federal and Texas tax compliance · bookkeeping and monthly accounting · CFO advisory and financial reporting · audits, reviews and compilations · entity formation and business advisory
Texas CPA license #127163, Texas State Board of Public Accountancy. Enrolled Agent admitted to practice before the Internal Revenue Service under Treasury Circular 230.
Scope and fees are confirmed in a written engagement letter before work begins.
Ebot Mbi, CPA, EA is an IRS Enrolled Agent and a Texas-licensed CPA (Texas CPA License #127163). Enrolled Agents and CPAs are authorized under Treasury Circular 230 to represent taxpayers before the IRS in every state.
ebotCPA PLLC is a Texas CPA firm. State matters are handled with the Texas Comptroller of Public Accounts.
This page is general information, not tax advice for your situation. Results depend on your facts; no outcome is guaranteed.