TOP 10 TAX MISTAKES THAT COST REALTORS THOUSANDS
COME and EARN 1 HR CE and learn about TAXES!!
In our economy, realtors are paying too much in taxes, wasting dollars paying taxes they do not owe. If you’re like most realtors, you have personal objectives which you would prefer to accomplish with pre-tax dollars reducing the amount of taxes you must pay.
In this class you will learn:
- How to plan
- How taxes are calculated to develop an understanding of the determination of tax amount due and the best methods to reduce future taxes.
- Using the 2011 Tax Data Book published by the IRS, demonstrate the probability of receiving a tax audit by the IRS.
- Reviewing elements used in deciding the correct business entity for a realtor and explaining how the wrong entity selection will cost you unnecessary tax amounts.
- Discuss how retirement plan selections for deferring income will reduce your taxes and the amounts you are allowed to defer.
- Identify the rules allowing you to hire your family and the advantages in doing so as a realtor.
- Identify the best ways to reduce taxes owed and pay your medical expenses as a business expense.
- Explain the how to properly deduct home expenses including the new safe-harbor provisions.
- Identify how to best take advantage of vehicle expenses as a realtor.
- Clarify the value of tax planning by explaining what it will specifically provide the realtor