Higher Income, Higher Risk
If your income is above $200K, your chances of being audited doubles from .85% to 1.75%, according to the 2014...
Posts by Beth McGuire
How Much Per Sq. Foot Can You Deduct for Your Home Office Expense?
A. $15; B. $10; C. $5. Answer: C. You can deduct $5 per square foot with a maximum of 300...
Real Estate and Retirement
Little known secret: A retirement plan that works well for agents is the Solo 401(k). You can save up to...
Know Your Deductions
Whether you're doing your taxes yourself or you have an accountant. Understanding which expenses are allowed, like mileage and entertainment,...
Cheat Sheet: Quarterly Taxes in 7 Steps
Determine net income. Calculate self-employment tax. Determine itemizations. Subtract personal exemption. Determine federal tax rate. Subtract tax credits. Divide the...
Top 2 Finance Deadlines to Remember This Fall
Sept. 15 — Quarterly taxes are due Oct. 16 — Tax extension deadline
Spend A Lot of Time in Your Car?
For every 1,000 miles driven, $500 in tax deductions can be produced, but the IRS needs documentation of business and...
July Jobs Report Signals Riper Conditions for Housing
The U.S. economy added 209,000 jobs in July, the Labor Department recently reported, flouting expectations and signaling riper conditions for...
Confidence in Housing Sags as Sellers Shy Away
Confidence in housing sagged in July in the Fannie Mae Home Purchase Sentiment Index® (HPSI), with optimism weakening for both...
Do Domain Extensions Matter?
In a tech-driven world, it's more important than ever for professionals in the housing industry to stand out in every...
7 Potential Under-the-Radar Issues That Could Derail a Deal
When clients buy a home, under-the-radar issues often involve factors beyond cosmetic appeal, which can lead to significant financial and legal problems down the line. Read more.
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