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
I love Cape Cod Realtor Katie Clancy’s take on New Year’s resolutions. “I don’t make resolutions.” says Katie @theCapeHouse. “I just employ steady pressure to my goals all the time in the form of habits.”
So let’s start there. Call these “declarations”. Or maybe “affirmations”.
Whatever you call ‘em, their purpose is to provide inspiration to crush your goals for 2020
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
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