by Bob Jablonsky, EA | Jan 1, 2024 | Business Tips, Dallas TX, IRS Audit, IRS Problems, Real Estate Agents, Real Estate Agents Tax Deductions, Real Estate Tax Deductions, Tax Deductions, Tax Deductions Realtors
One of the benefits in being an independent contractor, such as a Real Estate Agent, is the ability to deduct business expenses on your tax return that allow you to lower your tax liability and keep more of your earnings. I often get questions from my real estate...
by Bob Jablonsky EA | Jun 1, 2022 | Tax Deductions
As a small business owner, have you considered hiring your children? If not, perhaps that is something you should consider. Hiring your children can help in a number of ways, including helping you to free your time for more important activities, giving your children...
by Bob Jablonsky EA | May 1, 2022 | Business Tips, Tax Deductions, Uncategorized
Has your friend, neighbor or colleague told you that if you take the home office deduction, it will be a “red flag” to the IRS that will trigger an audit? Well, that is just not true! In order to claim the home office deduction, you MUST QUALIFY, but if you do...
by Bob Jablonsky EA | May 3, 2021 | Real Estate Agents, Tax Deductions, Tax Deductions Real Estate, Uncategorized
Most real estate sales involve the selling of personal residences. The question of whether the profit on the sale is taxable often not only comes up to me as a tax professional, but I also find that Realtors get that question as well from potential...
by Bob Jablonsky EA | Apr 5, 2021 | IRS Compliance, IRS Problems, Real Estate Agents, Real Estate Agents Tax Deductions, Realtors, Small Business Tax Tips, Tax Deductions, Uncategorized
As Self-Employed Independent Contractors, Real Estate Agents may need help in running their business and sometimes it makes sense to hire family. Today, we’ll cover a few areas where it might be helpful to hire your children as well as adult family members to...
by Bob Jablonsky, EA | Mar 1, 2021 | Real Estate Agents, Real Estate Agents Tax Deductions, Realtors, Tax Deductions, Tax Deductions Real Estate
As a Real Estate Agent, you most likely find yourself sometimes showing a potential buyer tens of homes before they make a decision to purchase a property (or don’t). While that can be frustrating, it’s important to make sure that as a Realtor you get the...
