The real estate agent's tax deduction guide
By: Stephen Fishman, J.D.
Edition: 3rd edition.
Publisher: NOLO
Published: 2014
Language: eng
Number of pages: 418
ISBN-13: 9781413320015
Copyright date: 2013
Subjects: Tax deductions; Real estate agents; Real estate business; Taxation; Law and legislation; Popular works; Handbooks, manuals
Description: " Understanding tax deductions can be the difference between having a successful year--or not--for real estate agents and brokers. By taking advantage of the many tax deductions available to them, real estate professionals can end each year with more money in their pockets and less owed to the IRS. Too often, these valuable deductions are overlooked, even though it's easy to take advantage of them once you understand the rules. This book explains all you need to know in plain English with lots of examples and practical information.  Learn about the most important deductions and how to plan and track your expenses all year so you avoid problems with the IRS. The information is organized into categories that explain the rules for each type of deduction, including:     - start-up expenses   - operating expenses   - home and outside office   - health care   - vehicles and travel   - entertainment and meals   - and many more     It also explains essentials like depreciation deductions, deducting losses, and keeping proper records"--

"Learn about the most important deductions and how to plan and track your expenses all year so you avoid problems with the IRS. The information is organized into categories that explain the rules for each type of deduction, including: - operating expenses - home and outside office - vehicles and travel"--
Notes: "January 2014"--Title page verso.

Previous ed.: 2013, c2012.

Includes bibliographical references and index.
Table of contents: title: Your Tax Deduction Companion for Real Estate Agents; title: 1. Tax Deduction Basics for Real Estate Agents and Brokers; title: 2. Choosing the Legal Form for Your Business; title: 3. Are You Really in Business?; title: 4. Getting Around Town: Deducting Local Travel Expenses; title: 5. Leaving Town: Deducting Travel Expenses; title: 6. Romancing the Client: Deducting Meal and Entertainment Expenses; title: 7. Deducting Your Home Office; title: 8. Deducting Your Sales Office; title: 9. Deducting Cars, Cell Phones, Computers, and Other Long-Term Assets; title: 10. Getting Going: Deducting Start-Up Expenses; title: 11. If You Get Sick: Medical Deductions; title: 12. Deductions That Can Help You Retire; title: 13. Business Operating Expenses and Other Deductions; title: 14. Independent Contractors and Employees in Real Estate; title: 15. Real Estate Professionals Who Own Rental Property; title: 16. Staying Out of Trouble With the IRS; title: 17. The Boring Stuff: Record Keeping and Accounting.