Category: Taxes
IRS Audits for Real Estate Professionals
A friend of ours owns rental properties was audited last year. She shared items that you may find helpful:
Tax Benefits of Depreciating Rental Properties
Did you know that you can offset your rental income by claiming the depreciation of your rental property?
IRS Audits for Real Estate Professionals, II
Why has the IRS targeted real estate professionals at this time? What you should know:
Tax Statements and Private Money Lenders
When lending and borrowing, are you mailing and/or receiving 1098’s or 1099’s? Do you know how to use them?
Depreciation Advantage for Hold Properties
Not everyone considers the following advantages when they’re contemplating becoming a landlord:
The IRS is Liening Hard
Not the news any of us wants to hear, however, our growing monetary deficit is pressuring the IRS to get even tougher.
Cheating on Your Tax Return? Someone You Trust May Get a Reward for Turning You In!
Did you know there is a federal rewards program that pays people to turn in others for cheating on their tax returns?
How to Reduce Your Property Taxes
Property values have been dropping. Property taxes should also drop. Should yours? How would you know?
Find out more about my books:
