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Real Estate Tax Coach

Helping Real Estate Agents & Brokers to Avoid Overpaying the IRS

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What’s Deductible?

The Secret $1,000 Tax Deduction Most Realtors Miss

February 22, 2020 by Jim Flauaus

There’s a secret $1,000 deduction most Realtors miss when filing their Form 1040 tax return. It’s an easy deduction to miss, but it’s also easy to find and include on your return. If you just know what to do, you can quickly add a $1,000 tax deduction to your return … Read more

Categories What's Deductible?

How To File Your Business Taxes as a Realtor

March 8, 2020February 15, 2020 by Jim Flauaus

How do you file your business taxes as a Realtor? Which tax form do you use? What’s s the filing deadline? Real estate agents and brokers frequently ask me these questions. If you’re a newer agent, it’s your first time filing a business return. If you’re an experienced Realtor, but … Read more

Categories Making Tax Payments, What's Deductible?

What’s the #1 Thing a Realtor Can Do To Cut Taxes?

November 17, 2019 by Jim Flauaus
Realtor Cut Tax

What’s the number one thing a Realtor can do cut taxes? There are any number of different things Real Estate Agents and Brokers can do to cut taxes,  including… tax strategies to implement deductions to take tax credits to claim, and legal loopholes to take advantage of Heck, in one … Read more

Categories What's Deductible?

Is an LLC or S Corp best for Real Estate Agents?

July 31, 2019 by Jim Flauaus

Is an LLC or S Corp best for Real Estate Agents? Perhaps the biggest tax mistake I see Realtors make over the years is that they choose the wrong business entity. Most agents and brokers start as sole proprietors; it’s probably the way you started. 85% of Realtors do. Heck, … Read more

Categories What's Deductible?

How to Write-Off Your Child’s Braces as a Deductible Business Expense

June 30, 2019June 19, 2018 by Jim Flauaus

Income taxes and rising healthcare costs rank as two of the top financial concerns for self employed taxpayers. Unfortunately, it’s really difficult to deduct medical expenses under the new tax reform rules. But Realtors who know how to write off a child’s braces as a deductible business expense gain a double … Read more

Categories What's Deductible?

Three Amazing Ways to Maximize Your Auto Deduction

July 1, 2019June 12, 2018 by Jim Flauaus
auto deduction

Whether you’re a brand new agent, or an experienced top-producer, here’s three amazing ways to maximize your auto deduction. Most Realtors use the standard IRS mileage rate method. And most leave big money on the table by doing so. By making sure you chose the correct method, you can save … Read more

Categories What's Deductible?

Does the Home Office Deduction Create a Red Flag on Real Estate Agent Tax Returns?

July 2, 2019May 29, 2018 by Jim Flauaus

Does the home office deduction create a red flag on Realtor’s tax returns? Not taking an office in home deduction can cost you hundreds, even thousands of dollars a year in income taxes you shouldn’t be paying. Yet many agents won’t write-off home office expense because they read somewhere that … Read more

Categories What's Deductible?

About

Jim Flauaus, EA empowers Realtors around their finances, to gain clarity and control of taxes and cash flow. He is a leading expert in proactive tax strategies, and is authorized by the US Treasury to practice before the IRS in all 50 states.

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How to Maximize Your Auto Deduction

https://www.youtube.com/watch?v=O_tbOhg3Yn4&t=56s

How to Make a Payment Agreement with the IRS

https://www.youtube.com/watch?v=u9HAhkceZhc
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