Tag Archives: IRS

10 hot income tax strategies that can save money on your return

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Use this list to determine where you are paying the IRS more than you should and to protect your personal and business finances, trainer Bernice Ross writes. Continue reading →

Real estate company owner hit with $1.7M tax lien, fraud charges

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The tax lien is the latest in a legal saga that began late last year with a 16-count federal indictment for bank fraud and money laundering related to the pandemic-era Paycheck Protection Program. Continue reading →

Stop asking AI for tax advice (and start using it for this instead) 

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Artificial intelligence can revolutionize how you track expenses and forecast tax bills, but the strategic decisions that build wealth — S-corp elections, retirement choices — still need human expertise. Continue reading →

Fannie, Freddie close NY offices as Trump battles Letitia James

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The Trump administration is using its tight control over the mortgage giants to continue a vendetta against New York attorney general and other political opponents, critics say. Continue reading →

How a government shutdown would affect real estate agents

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The National Flood Insurance Program, set to lapse on Sept. 30, and federal agencies critical to processing mortgage paperwork like HUD, FHA, VA, USDA and the IRS face staff reductions. Continue reading →

Former LGBTQ+ Real Estate Alliance CEO facing civil suit, multiple criminal charges

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The Alliance is seeking six figures in damages from Ryan Weyandt, who resigned as CEO last year. Weyandt is also facing felony charges for alleged possession of explicit content of minors. Continue reading →

Proactive tax planning moves: Ideas to help tackle your taxes

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By diving deeper into these strategies, Amy Chorew and Maeda Palius write, you safeguard your finances and build a more informed, agile approach that could serve you for decades. Continue reading →

Is it a write-off? See which of these 14 expenses agents can deduct at tax time

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A quick reference guide for common real estate agent expenses to help you determine whether or not they are tax-deductible. Continue reading →

8 things agents need to know about filing 2020 taxes

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North Carolina-based tax professional Dalaine Bradley shares what real estate agents need to know about filing taxes in the midst of a pandemic. Continue reading →

The crux of the IC status issue in real estate

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With the possibility of the PRO Act passing, independent contractors face an uphill battle. Here’s how the two primary tests for classifying ICs work, NAR’s response to recent press coverage about the issue and steps real estate professionals can take … Continue reading →