Helping Real Estate Agents & Brokers to Avoid Overpaying the IRS
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
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
Do real estate agents need to pay taxes quarterly? What are Quarterly Estimated Taxes? IRS rules require that you make quarterly payments on income that is not subject to withholding. W-2 income has taxes withheld. But your real estate commissions are paid on a 1099 basis, and o one is ‘with-holding’ … Read more