Top 2 Finance Deadlines to Remember This Fall
Sept. 15 — Quarterly taxes are due Oct. 16 — Tax extension deadline
Business Tip of the Day
Spend A Lot of Time in Your Car?
For every 1,000 miles driven, $500 in tax deductions can be produced, but the IRS needs documentation of business and...
True or False: Agents Who Work Under a Broker Are Not Considered Self-Employed
False: Real estate agents are considered self-employed by the IRS. This means you need to learn the basics of tax...
Open House Deductions
Open Houses are considered a business expense. For events that are provided to the general public, such as a well-advertised...
Quarterly Tax Penalty Is Real
Not paying quarterly taxes, or making late or too-small payments, can result in penalties & additional interest owed. It can...
Do You REALLY Need to Track Your Mileage?
Yes, if you want to claim this deduction (up to $500 per 1K miles). If you drive more than 10K/year,...
Can Business Gifts Be Deducted?
Yes, but the law only allows $25 on business gift deductions — So keep those new client gifts humble!
Multiple Choice: Which Deductibles Are You Owed?
A. car mileage; B. meals; C. entertainment; D. all of the above D. As real estate agents, you are eligible...
How Do I Pay Quarterly Taxes?
Most individuals filing quarterly taxes use the Form 1040-ES. Payments are easy to make online or by phone.
3 Must-Know Rules for Deductions
According to the IRS, to ensure your deductibles qualify, a real estate business expense must be: ordinary and necessary; directly...
Pet Peeves: How to Tame All Kinds of Animal Issues in Homes for Sale
When selling a home, the agent’s responsibility is to make sure the place shows as pet-neutral as possible. Read more.
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