What kind of business tax write-offs are we talking about? Plenty. It’s staggering just what you can deduct from your taxes and get some money back for your investment, and make no mistake — in the real estate business, even as our domestic market continues to grow with the surging home prices, foreign interest in U.S. real estate, the burgeoning mortgage trends, and millennials everywhere taking the industry by storm as the newest home buyer of the the rest of this decade, you want to stay ahead in the game with your business investments and keep the revenue flowing.

One Surefire Way to Do That Is to Make Sure You’re Taking Advantage of All of Your Business Taxes

It’s staggering just how much many real estate agents don’t know about their tax returns. This is just a list of what you can deduct for business taxes, but one thing’s for sure: you must consult with a professional at the Income Tax Planning Network and get going now. The faster you do it, the faster you get that tax refund deposit!

Business Travel

• Airfare Costs
• Car Rentals
• Dry Cleaning & Laundry
• Lodging
• Meals (Yes, meals can be deducted!)
• Parking & Tolls
• Taxi, Train, Ferry, Boat, Subway & Bus
• Tips

Communications

• Cell Phones
• Answering Services
• Faxing and Emails
• Interactive Voice Response (IVR)
• Internet
• Office Telephone (VOIP)
• Toll-Free Numbers
• Even Pagers!

The post Maximizing Business Taxes as a Real Estate Professional appeared first on Cloud Based Bookkeeping.

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ShareFollow UsLegally, we have one word that means the most in and out of the courtroom: fair. We look for fairness. Equity. And when it comes to divorce, equity is king, because you definitely want to steer clear of the chaos (especially if you have children). Think about it. Divorce Is Ugly, But With Legal Representation, We Can Make It Work Out This can largely be the case regarding alimony, or spousal support — something you may have to pay to…

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Honestly, some tactics can be downright disgusting when it comes to so-called “tax shelters” (withholding our approval), and others are so smart that we award such experts the veritable title of successful tax giant, like these smart real estate agents with their write-offs. It’s those worthy masters of tax goodness capable of dispelling the old negative adage that is this: oooooh, have to file the taxes, and pray for a decent return.

Face It: No One Likes to File Their Taxes

It’s honestly a pain at times. You can even pay hundreds of dollars to have a CPA do the work for you, but even then you’re not getting back everything you want in a tax refund. And here’s the reason why the outlook is so negative — not many know what to do about tax credits! Or even how many possible tax credits there are.

True, you have to qualify for a lot of tax credits based on income. But even if you’re a middle-class citizen, play the cards right, sign up with the Income Tax Planning Network at a great price, and you can easily rock it with at least one of these great tax shelters:

• Buying a Home — This is actually a “tax shelter,” saving you money on your return? Yes, it is! Here’s why.
• Avoiding Estate and Inheritance Tax — Definitely discuss with your ITPN expert how this could be possible. Great tax credits here, but they’re only available in some states. Find out which ones right now.
• The 529 College Savings Plan — It blows our mind that many might not even consider this plan as a tax shelter. Think about how thankful your kids would be about this one….
• The Old-Fashioned Retirement Plan — Did you know that your everyday 401(k) could actually benefit your tax return? It’s true. Here’s how it works.
• The Personal and Business Business Income Tax Credits — Think about how awesome it would be to never have to pay any income tax, personal or corporate. It all depends on this.
• Rural Land Investments — Talk with your ITPN expert today and see why a few of your cows on some rural land could save you a ton of money in property taxes.
• The 1031 Exchange — Talk about clever…. You’d have to be a real real estate mogul to take advantage of this tax shelter, and it works. Here’s how.
• The Dynasty Trust — If you’re wealthy, this is one way to benefit your own children for the rest of their lives even without actually giving away any of your property. Find out how that’s possible right here.

These tax shelters could make it feel like the government’s paying you.

But You Won’t Know How to Apply for These Tax Shelters….

Unless you sign up for the Income Tax Planning Network. Take a look at your options. If you own some rural land, who knows…. (you might qualify for that kind of tax shelter). What state do you live in? That might make all the difference. What if you’re getting divorced? Not a problem.

But you won’t know unless you contact us. Sign up today and maximize your tax refund.

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What is the network, you ask? Obviously ITPN (the Income Tax Planning Network), the innovator behind the convenient and accurate 2-hour tax return. And since taxes are second to death in this country, we want to make sure we get those done before the grim reaper makes his way toward us. Let’s face it: we all want that great tax refund. But understand that there are definitely must-do’s to do in order to get that tax return filed correctly and on time.

Here Are Those Ten Top Tax Return Tips — Courtesy of ITPN

Some of these might actually surprise you a bit. One thing’s for sure: you’re going to need the Income Tax Planning Network to make sure you have all your i’s dotted, t’s crossed, k’s curled, and p’s placed in the right places come tax return time, starting with….

• Check the “Cheat Sheet” Formula — What is this “formula” we speak of, and why is it important? You’ll find out right here, and then sign up for your 2-hour tax return immediately.
• Know Your Tax Breaks and Credits — Deductions are great and everything, but would you like to know how awesome tax breaks and credits really are? Check with your professional today.
• Deductions Don’t Have to Be a Pain — They usually are. Make no mistake about it. Just ask your real estate agent. However, read this, and you’ll realize that tax return deductions aren’t so bad.
• What If You’re Self-Employed? — A very important question to ask if you’re going to file that tax return. Go ahead and check this piece out to learn more, and then please do sign up with your ITPN expert today.
• It’s Always Better to File the Tax Return No Matter What — No question. No argument. Even if you’re dealing with an earth-shattering divorce! Please sign up for that 2-hour tax return, even if you truly believe you can’t pay the bill at all! Here’s why.
• Mind the Due Dates, Please — The IRS are sticklers for it, just so you know, as you’ll be liable for penalties if you miss the deadline. So act now, sign up with the Income Tax Planning Network, and get started to learn more.
• Know Your Extensions Well — You could easily discuss the ins and outs of tax law with the experts at ITPN, of course. Here’s a little hint, though: an extension of “time to file” isn’t an extension of “time to pay”!
• Maybe You Missed Your Deadline for Taxes? No Worries. — Want to know why? Call ITPN at 888-203-3030 after filling your information out here.
• Please Open Your Mail From the IRS — The last thing you want to do is ignore them by not filing or paying the tax bill. Don’t do that. Or else they’ll ding your refund, levy your wages or bank account. They can even revoke your passport. Contact ITPN and get your tax return filed immediately, and then be within communications at all times.
• Lastly, You Don’t Have to Break Your Bank for Your Tax Return! — That tax refund should be all yours with maybe a minimal cost. There’s nothing wrong with getting that tax preparation specialist to handle all the tidbits for you. Would you like to know just how cost effective ITPN is?

Now’s the Time — Don’t Wait

You’ve got two things on your side: information and collaboration. The information is here. Collaboration is right here. Let us collaborate with you to get this done. Because that tax refund’s waiting for the deposit. And you’re on the other end to cash in.

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