Beth McGuire

You are five times more likely to be audited if you don't report adjusted gross income (5.26% compared to .85%,...

Being self-employed means you can deduct business expenses. Many agents don’t realize they can deduct 100% of thier Open House...

The 2017 mileage rate is: A. .57 cents; B. .53.5 cents; or C. .54 cents? B. The mileage deduction was...

Failing to pay quarterly taxes, or making payments that are consistently too low, can not only cost you in the...

If your income is above $200K, your chances of being audited doubles from .85% to 1.75%, according to the 2014...

A. $15; B. $10; C. $5. Answer: C. You can deduct $5 per square foot with a maximum of 300...

Little known secret: A retirement plan that works well for agents is the Solo 401(k). You can save up to...

Whether you're doing your taxes yourself or you have an accountant. Understanding which expenses are allowed, like mileage and entertainment,...

Determine net income. Calculate self-employment tax. Determine itemizations. Subtract personal exemption. Determine federal tax rate. Subtract tax credits. Divide the...

Sept. 15 — Quarterly taxes are due Oct. 16 — Tax extension deadline