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• Deducting Domestic Travel Part Four: Substantiating Business Travel Deduction In this, our final travel article, I'll provide tips on substantiating your travel deduction. Published: 06/22/2020 - Edited: 06/24/2020
• Deducting Domestic Travel Part Three: Deductible Expenses In this article, we'll discuss when and what travel costs are deductible. Published: 06/15/2020 - Edited: 07/25/2022
• I’m a Real Estate Agent, Do I Qualify for the 20% Income Deduction? The vast majority of self-employed real estate agents will qualify for the 20% Income Deduction! Here's how. Published: 06/14/2020 - Edited: 07/15/2022
• Deducting Domestic Travel, Part Two: Maximizing Business Days In this article, we will dig a little deeper into the pivotal and most challenging test to pass, number four - Primary Business Purpose. Published: 05/26/2020 - Edited: 06/26/2020
• IRS Announces That Forgiven Payroll Protection Loans are Back-Door Taxable Many business owners are wondering if taking a PPL made good business sense. Published: 05/01/2020
• Deducting Travel Expenses as a Real Estate Agent, Part One: The Four Tests This article explains four criteria required for trips to meet the IRS definition of deductible business travel. Published: 04/27/2020 - Edited: 06/26/2020
• Helping the Homeless Receive Economic Impact Payments This article will discuss how to get CARES Act funds to many who desperately need them but are unable to obtain them on their own: The homeless. Published: 04/20/2020 - Edited: 04/27/2020
• CARES Economic Impact Payments, Many May Have to Wait This article will discuss why many of the Coronavirus Aid, Relief, and Economic Security Act (CARES) payments will take much longer to disburse than intended. Published: 04/09/2020 - Edited: 04/11/2020
• Free Tax Organizer for Real Estate Agents The Real Estate Agent Tax Organizer is a fillable pdf file that contains every deduction-line on Schedule C. It also includes a section for Auto Mileage and expenses, and a complete Home Office Section. Published: 01/22/2020 - Edited: 02/13/2023
• 2019 Year-End Business Tips & Reminders The new year is almost here, get your ducks in a row now with our VERY THOROUGH Year-End Business Newsletter. Published: 12/23/2019
• Qualified Residence Indebtedness Exclusion Retroactively Extended for 2017, 2018, and 2019 This article will discuss the challenge faced by those who owe more debt on a home than the home is worth and an overview of remedies to avoid taxes on that debt. Published: 12/23/2019
• Real Estate Agents, Deducting Taxes and Licenses on Schedule C This article will help you accurately report tax and license costs on Line 23 (and make sure you do not expense costs that are illegal to deduct). Published: 12/23/2019 - Edited: 04/20/2020
• Real Estate Agents, Deducting Supplies on Schedule C Items that are regularly consumed by your business are supplies and are generally deductible in the year of purchase. Published: 12/05/2019
• Real Estate Agents, Deducting Repairs and Maintenance With a few exceptions, items deducted as repairs and maintenance are pretty straight-forward. Published: 11/29/2019 - Edited: 04/20/2020
• Real Estate Agents, Deducting Rent & Leases on Schedule C This article will explain how and where is rent is deducted by a sole proprietor Real Estate Agent. Published: 11/29/2019 - Edited: 04/20/2020
• Real Estate Agents, Schedule C, Line 19 - Pension & Profit-Sharing Plans Deduct employer contributions and administrative costs of employee retirement plans on Line 19, Pension and Profit-Sharing Plans. Published: 11/18/2019 - Edited: 04/20/2020
• Real Estate Agents, Deducting Office Expenses Clarifying what is and is not deductible on Line 18 of Schedule C is the topic of this article. Published: 11/12/2019 - Edited: 04/20/2020
• Real Estate Agents, Deducting Legal and Professional Services This article will help you understand what is and is not deductible on Line 17, Legal and Professional Services. Published: 11/12/2019 - Edited: 04/20/2020
• Real Estate Agents, Deducting Interest Expense Part Three: Deducting Loan Interest Once you know business loan interest is deductible, the next question is Where and when do I take the deduction. This article answers this question. Published: 10/29/2019 - Edited: 04/20/2020
• Real Estate Agents, Deducting Interest Expense Part Two: Business Use of Loan Proceeds This article will help agents understand the business-purpose requirement while pointing out a common pitfall that threatens their interest deduction. Published: 10/25/2019 - Edited: 04/20/2020
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