Quick Summary

The average realtor in a two-earner household loses thirty-five to forty-cents on the dollar to taxes. Those living in states with an income tax pay even more. Their tax rate can reach 50%!

OvernightAccountant.com has a solution to the real estate agent’s high-tax dilemma. The Real Estate Agent: Comprehensive Tax-Cut Library is designed to help Real Estate Agents understand taxation and minimize their tax obligation. This twenty-eight volume library includes more than eight hours of tax-cutting information arranged in brief, easy-to-navigate video lessons. The lessons follow schedule C line-by-line and cover every possible deduction agents can take to reduce their tax bill. These lessons include tax-cutting strategies presented in non-academic terms you can instantly apply to cutting your largest expense - Taxes. There are lessons on simple and effective recordkeeping methods to track deductions. The library puts special emphasis on problematic deductions and advises the realtor of when hiring a professional may be the smartest course of action. Each lesson teaches what’s deductible, how and when it’s deductible, and how to substantiate the deduction before the IRS.

Feature Release

Brett Hersh, Overnight Accountant author and instructor, has transformed Benjamin Franklin’s proverb “a penny saved is a penny earned.” into the tax-saving rally cry; “A thousand dollars deducted puts $400 in your pocket!” And he’s not kidding – his new resource, the Real Estate Agent: Comprehensive Tax-Cut Library, is designed to help agents put thousands of dollars where they belong – in their pockets; not the government coffers.

Real Estate Agents pay a lot of taxes: The average real estate agent in a two-earner household loses thirty-five to forty-cents on the dollar to taxes. Those living in states with an income tax pay even more.  Their tax rate can reach 50%!

Real Estate Agent Tax-Cut Mission: Commission-paid Real Estate Agents are statutory non-employees. The vast majority are treated as independent contractors by their brokers and report their income and expenses annually on Schedule C, Profit or Loss from Business. “Filing Schedule C allows agents to cut their taxes by offsetting the commissions they receive with tax deductions,” says Hersh, an IRS Enrolled Agent with over twenty years’ experience working with real estate agents taxes. “The challenge, however, is that few agents have a working knowledge of what and when a transaction or activity constitutes a tax deduction. Tax prep software is all but worthless, and by the time those who use tax professionals meet with them, it’s too late. The years over. transactions weren’t tracked, records are gone, taxes increase.

Few agents have a working knowledge of what and when a transaction or activity constitutes a tax deduction. Tax prep software is all but worthless, and by the time those who use tax professionals meet with them, it’s too late. The years over. Transactions weren’t tracked, records aregone, taxes increase.- Brett Hersh

“Waiting until the end of the year to chase receipts does not work. And agents who try to estimate or reconstruct deductions they can’t substantiate are asking for an audit. A real estate agent must know what’s deductible - during the year, in real time, or they will pay a lot more tax than they should. Cutting agents taxes while keeping them out of trouble is my mission and the purpose of the Real Estate Agent Tax-Cut Library.”

Tax Solution: OvernightAccountant.com has a solution to the real estate agent's high-tax dilemma. The Real Estate Agent: Comprehensive Tax-Cut Library is designed to help Real Estate Agents understand taxation and minimize their tax obligation. This twenty-eight volume library includes more than eight hours of tax-cutting information arranged in brief, easy-to-navigate video lessons. The lessons follow schedule C line-by-line and cover every possible deduction they can take to reduce their tax bill. These lessons include tax-cutting strategies presented in non-academic terms you can instantly apply to cutting your largest expense - Taxes. There are lessons on simple and effective recordkeeping methods to track deductions. The library puts special emphasis on problematic deductions and advises the agent of when hiring a professional may be the smartest course of action. Each lesson teaches what’s deductible, how and when it’s deductible, and how to substantiate the deduction before the IRS.

Valuable Agent Resource: The Real Estate Agent Tax-Cut Library is an essential investment for the agent who wants to maximize income by minimizing taxes. It’s completely tax deductible, and as soon the Real Estate Agent Tax-Cut Library helps find $500 in deductions, it has paid for itself! Use the library year after year, when, where and how you want to make sure you are taking every deduction to which you are entitled!

Want to make the most of your auto & home office deduction.

Learn how in minutes.

Have a question about deducting gifts to clients.

The how-to answer is a video click away.

Want to deduct your next vacation?

There’s a lesson for that!

A Tax-Cut for Your Whole Agency: If you’re a Real Estate Broker, you know the challenge your agents face when it comes to taxes. This library is more than a reference manual that draws dust on the shelf, or a seminar that’s here and gone. It’s an investment that benefits the entire agency. Overnight Accountant’s broker licensing agreement means your brokerage owns the class and is free to share the Real Estate Agent Tax-Cut Library with your agents. There are no renewal fees or subscription fees – you own the class! Your agents can learn to cut their taxes when, where, and how they want. You can add brief tax-saving lessons to education meetings. Even make it part of your new-agent training program!

Learn More:Take a few moments to learn more about Real Estate Agent Tax Cut Library. OvernightAccountant.com also offers articles designed to help realtors cut their largest expense – Taxes!!

OvernightAccountant.com is a learning institution devoted to helping businesses and organizations achieve their potential, save money, and stay in compliance with tax regulations.

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