Category Archives: Uncategorized

I frequently prepare tax returns for people who have not filed their income tax returns for 5, 10 and even more years. If you are in this situation you are not alone. A lot of people, who are real estate … Continue reading →

I received calls from two types of people who can’t pay the taxes they owe.  The first type is people who have not filed their tax returns.  The second type is people who have filed their tax returns, but cannot … Continue reading →

This blog entry is targeted primarily for new agents, but also may be of use to established agents. Often I hear from real estate agents, who have been successful for a number of years, in selling properties. They are calling … Continue reading →

Estimated tax payments are advance payments for your Federal income taxes.  When you are an employee your employer sends in your income and social security taxes for you.  Self-employed individuals, such as real estate agents, are responsible for making their … Continue reading →

If your tax preparer does not specialize in real estate agents they may cost you plenty. There are three areas where you could be paying more in taxes or receiving less of a refund.  These critical areas are in taxes, … Continue reading →

If you had a bad year in your real estate business this blog entry may put a smile on your face and money in your wallet. As we all know, even though we may try as hard as we can, … Continue reading →

This blog segment goes into depth about the expenses connected with the business use of your car so you do not miss any of these valuable deductions. If you use your car for business purposes, you can deduct car expenses.  … Continue reading →

In this segment I will continue with tips on how you can best manage your money, take the most deductions legally possible and avoid being audited.  An important area for you to take advantage of is your cash receipts for … Continue reading →

The goal of every taxpayer should be to pay the least amount of taxes possible.  I do not pay a penny more than I absolutely have to and neither should you. The way you present your financial information to the … Continue reading →

Real Estate Agents often ask me what is the best way for them to save on their income taxes. Without question the one best way for you to save on your taxes is to keep the best records of your … Continue reading →