Table of Contents

• Old Capital Conference Code

• The $26K Penalty That Didn’t Stand a Chance

• Last Call : Tax Planning Cohort

• We are hiring

• Client Happy Hour

Old Capital Conference Code

We’re pumped to be at the Old Capital Conference this week!

Join us this Thursday, October 9th , it's your chance to:

• Rub elbows with the top multifamily listing brokers in Texas

• Get the latest scoop from Fannie Mae, Freddie Mac, and Bridge Lenders on the financing landscape

• Hear straight from top general partners about what’s really happening in the multifamily market

• Network your face off with GPs, LPs, brokers, property managers, lenders, and other brilliant humans

Oh, and if you swing by our booth, you can enter to win a pair of AirPods or AirTags (we believe in options).

Need a ticket? We got you. Use promo code PORTER at checkout for a sweet discount.

See you there! https://www.oldcapitalconference.com/

The $26K Penalty That Didn’t Stand a Chance

You know we work with a lot of syndication groups , funds and business clients. What you may not know is that the IRS is deadly serious about deadlines , especially when it comes to partnership tax returns.

Here’s the deal: if you’ve got a partnership ( Form 1065), your return is due March 15th. Can’t make it? You must file an extension. Those extensions aren’t just a courtesy , they’re crucial. Without one, the IRS hits you with a $245 per partner, per month late penalty.

One of our newer clients, a 26-member LLC, learned this the hard way. They filed 4 months late , no extension in place. Like clockwork, they got the dreaded IRS notice: $26,460 in penalties.

IRS notices are never fun, and this one definitely raised some blood pressure. But luckily, they were working with us.

As you may remember, we now have the ability to monitor your IRS account in real time. As soon as that notice hit, we went to work , letters were written, calls were made, and our IRS account monitoring kept us in the loop every step of the way.

Last week, we got the alert: penalty fully abated. Client now owes the IRS: $0. That’s a win.

So what’s the moral of the story?

• Always file your extension.

• If you're working with us, we’ll handle it , but please make sure we have all your entities on our radar.

• If you don’t already have audit protection or ongoing IRS support through our firm, we can fix that. Let’s get you covered before the next IRS letter shows up.

Last Call: Real Estate Tax Secrets Unlocked This Week

Our Tax Planning Cohort is wrapping up and we’re going out with a bang.

Last week, we tackled Tax Strategies for W-2 Earners, and if you were there, you know we didn’t hold back. We covered everything from high-level strategies anyone can use to the spicy stuff: charitable giving with DAFs, leveraged contributions, oil and gas investments, film investments, solar, short-term rentals, and more. As a bonus, everyone who attended got a free Tax Projection, a $750 service we gave away at no cost. If you're planning to implement any strategy, this is essential. You need to know where you stand, and we can model that for you to show exactly how the numbers play out.

Missed it? No worries , the replay is available to our Collective Members right here:
Watch the Replay

The Final Session: Unlocking Real Estate Secrets

This Wednesday at 6pm CST

If you're a real estate investor , or want to be , this one's for you.

I’m going to break down real estate tax tactics that we’ve never shared publicly before. We're talking real strategies, not recycled blog post fluff.

And if you're wondering why real estate is considered the most tax-advantaged asset class out there… I’ll show you exactly why.

Theres still time to catch it by signing up here - Sign up here 

We are hiring

Porter & Company CPAs is on the lookout for a full-time Tax Staff Accountant to join our 16-person team supporting entrepreneurs, high-net-worth individuals, and real estate-driven ventures. This is an opportunity for someone who thrives on technical tax work and enjoys direct client interaction. You’ll work closely with firm partners on everything from 1040s to 1120s and beyond , think tax prep, planning, projections, and even wrangling with the IRS when needed. We offer a flexible, growth-focused environment (including a path to partnership), competitive pay, generous benefits, and a hybrid schedule based in our Irving, TX office. If you know someone who’s ready to take their tax career to the next level in a firm that values leadership, excellence, and honesty….send them our way!

Applicants can apply here

Client Happy Hour 

You're Invited!

Join us for a Client Happy Hour on Wednesday, November 13th from 6–8 PM at Chicken N Pickle in Grapevine!

Come hang out with the Porter & Co. team, grab a drink, enjoy some great food (on us!), and get to know the folks behind the spreadsheets. No pickleball required... but if you're feeling competitive, we’re game. Paddles optional, fun guaranteed.

Email [email protected] to let us know you're coming! We can’t wait to see you there.