by Bob Jablonsky EA | Jan 9, 2020 | Dallas TX, Frisco Tx, Garland TX, IRS Collection, IRS Compliance, IRS Debt Relief, IRS Notices, IRS Penalties, IRS Problems, Plano TX, QBI Deduction, Real Estate Tax Deductions, Richardson TX, Tax, Tax Deductions, Tax Deductions Real Estate, Tax Problems, Uncategorized
Taxpayers involved in Real Estate are the largest group of tax clients for my Richardson, TX tax firm. Did you know that Landlords who spend at least 250 hours a year managing and maintaining their rental properties may be eligible for the Qualified Business Income...
by Bob Jablonsky EA | Dec 25, 2019 | Uncategorized
For the personal returns of taxpayers, the IRS gives taxpayers until April 15th to file their tax return. However, if a taxpayer cannot file timely, by submitting IRS Form 4868, they are granted an extension to file their return until October 15th. Before we go...
by Bob Jablonsky EA | Dec 25, 2019 | IRS Audit, IRS Bank Levy, IRS Collection, IRS Notices, IRS Penalties, IRS Problems, Tax, Tax Deductions, Tax Levies, Tax Liens, Tax Problems, Tax Relief, Tax Resolution, taxes, Uncategorized
The majority of the clients of my Richardson, TX tax firm itemized their deductions prior to the Tax Reform and Jobs Act of 2017 or the TCJA (which primarily took effect in 2018). However, since the TCJA, that number has dropped substantially. As a quick overview,...
by Bob Jablonsky EA | Dec 23, 2019 | Dallas TX, Frisco Tx, Garland TX, IRS Audit, IRS Collection, IRS Debt Settlement, IRS Notices, IRS Penalties, IRS Problems, Plano TX, Real Estate Agents Tax Deductions, Real Estate Tax Deductions, Richardson TX, Tax, Tax Deductions, Tax Deductions Real Estate, Tax Deductions Realtors, Tax Resolution, taxes, Uncategorized
It’s always a good idea to look for ways to minimize your tax liability. Taking advantage of opportunities before the year comes to a close is a smart move. Here are a few things to think about: Are you making the maximum contribution to your §401(k), IRA or other...
by Bob Jablonsky EA | Nov 14, 2019 | Dallas TX, Expense Reduction Tips, Frisco Tx, Garland TX, IRS Problems, Plano TX, Real Estate Agents Tax Deductions, Real Estate Tax Deductions, Richardson TX, Small Business, Tax, Tax Deductions, Tax Deductions Real Estate, Tax Problems, Tax Resolution, Uncategorized
In this week’s installment in our series of taxation and investing in Real Estate we will discuss who qualifies as a Real Estate Professional in the eyes of the IRS and what does it mean to be a Real Estate Professional. Generally, if I ask any taxpayer who comes...
by Bob Jablonsky EA | Nov 6, 2019 | Dallas TX, Frisco Tx, Garland TX, 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, taxes, Uncategorized
Last week we covered reporting Rental Real Estate activities on tax returns. This week we’ll give an overview of Expenses. Next week, we will cover depreciation separately and we will continue to cover various topics pertaining to Rental Real Estate over the coming...
