by Bob Jablonsky, EA | Mar 18, 2021 | Dallas TX, Real Estate Agents, Real Estate Agents Tax Deductions, Real Estate Tax Deductions, Realtors, Uncategorized
A question that comes up from my Realtor clients along with many other small business owners, is can I deduct my Home Office costs. This has become even more of an issue due to COVID as more and more of us work out of our homes. Today we’ll touch on when...
by Bob Jablonsky, EA | Mar 1, 2021 | Real Estate Agents, Real Estate Agents Tax Deductions, Realtors, Tax Deductions, Tax Deductions Real Estate
As a Real Estate Agent, you most likely find yourself sometimes showing a potential buyer tens of homes before they make a decision to purchase a property (or don’t). While that can be frustrating, it’s important to make sure that as a Realtor you get the...
by Bob Jablonsky EA | Dec 1, 2019 | Dallas TX, Frisco Tx, Garland TX, IRS Bank Levy, IRS Collection, IRS Debt Settlement, IRS Notices, IRS Penalties, IRS Problems, IRS Tax Lien, NFTL, Plano TX, Real Estate Agents, Realtors, Richardson TX, Tax, Tax Levies, Tax Liens, Tax Problems, Tax Relief, Tax Resolution
Taxpayer’s coming into our Richardson, TX tax office with IRS Debt, often have to deal with Tax Liens. As you’ve learned over the past few weeks, the Notice of Federal Tax Lien (NFTL) is a powerful tool of the IRS and having an NFTL filed can wreak havoc over your...
by Bob Jablonsky EA | Nov 26, 2019 | Dallas TX, Frisco Tx, Garland TX, IRS Problems, Plano TX, Real Estate Agents, Real Estate Agents Tax Deductions, Real Estate Tax Deductions, Realtors, Richardson TX, Small Business, Tax, Tax Deductions, Tax Deductions Real Estate, Tax Deductions Realtors, Tax Problems, Tax Relief
In December of 2017, the Tax Cuts and Jobs Act (TCJA) introduced a new “Qualified Business Income Deduction” (QBID) under IRS Section 199A. The QBID provided a deduction of up to 20% of qualifying income on the tax return and enable major tax savings to small business...
by Bob Jablonsky EA | Nov 21, 2019 | Dallas TX, Frisco Tx, Garland TX, IRS Problems, Plano TX, Real Estate Agents, Real Estate Agents Tax Deductions, Real Estate Tax Deductions, Realtors, Richardson TX, Small Business, Tax, Tax Deductions, Tax Deductions Real Estate, Tax Deductions Realtors, Tax Relief, taxes
In this week’s installment in our series of taxation and investing in Real Estate we will discuss allowable loss limitations on Real Estate Investments. Real Estate investing is well known as having the ability to generate non-cash losses that may be deductible...
by Bob Jablonsky EA | Nov 17, 2019 | CDP Rights, Dallas TX, Frisco Tx, Garland TX, IRS Bank Levy, IRS Collection, IRS Debt Settlement, IRS Notices, IRS Penalties, IRS Problems, IRS Tax Lien, Plano TX, Real Estate Agents, Realtors, Richardson TX, Tax Deductions Real Estate, Tax Deductions Realtors, Tax Levies, Tax Liens, Tax Problems, Tax Relief, Tax Resolution
When taxpayer’s come into our Richardson, TX tax office and have IRS Debt, IRS Liens are often the major issue they are working to resolve, either preventing a tax lien from being placed on their assets or removing an IRS Lien that exists. Over the past few weeks, we...
