Category Archives: Realtors
Are you thinking about starting a business??
In this economy many people are realizing the benefits of being your own boss. I can attest to the fact that owning your own business is awesome, no worries of getting laid off, the flexibility to get your work done … Continue reading
Posted in Business Deductions, Ever wonder, IRS Tips, Realtors, Record Keeping
Tagged All Service Providers, All Taxpayers, Day Care Providers, Employee, Ever wonder, federal tax return, form 1040 schedule c, internal revenue service, IRS, SBA.gov, Small business, Starting a Business
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Have you asked yourself…What if I file for bankruptcy protection?
In these tough economic times, more and more people are struggling to get by. Do you know how filing for bankruptcy relates to your taxes? Please give me a call before you file. We might be able to analyze your … Continue reading
Posted in All Service Providers, All Taxpayers, Bankruptcy, Daycare Providers, Ever wonder, Have you ever asked, IRS Tips, Realtors
Tagged All Service Providers, All Taxpayers, Bankruptcy, bankruptcy code, bankruptcy estate, bankruptcy tax, Daycare providers, Ever wonder, Have you ever asked, IRS Tips, Realtors, separate estate, tax debts
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Gifts to clients…..Not fully deductible????
As a Realtor you may find yourself giving gifts to clients and customers in the course of your business, particularly after a closing. What you may not know is that you can deduct only part of the cost of certain … Continue reading
Ever wonder…What if I receive unemployment compensation?
Unemployment compensation you received under the unemployment compensation laws of the United States or of a state must be included in your income. It is taxable income. If you received unemployment compensation, you should receive Form 1099-G showing the amount … Continue reading
Ever wonder…. What if I lose my job?
The loss of a job may create new tax issues. Severance pay and unemployment compensation are taxable. Payments for any accumulated vacation or sick time also are taxable. You should ensure that enough taxes are withheld from these payments or … Continue reading
Are you thinking about hiring an employee??
How do you determine if a person is an employee or an independent contractor? The determination is complex, but is based on whether the person for whom the services are performed has the right to control how the person performs … Continue reading
Ten Tax Tips for Individuals Selling Their Home
The Internal Revenue Service has some important information to share with individuals who have sold or are about to sell their home. If you have a gain from the sale of your main home, you may qualify to exclude all … Continue reading
Posted in All Service Providers, All Taxpayers, IRS Tips, Realtors, Record Keeping, Selling house
Tagged All Service Providers, Capital Gains, capital gains and losses, Day Care Providers, form 1040 schedule d, income tax return, internal revenue service, IRS, publication 523, Realtors, Record Keeping, Recordkeeping, Selling house
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10 Facts from the IRS about Amending Your Tax Return
If you discover an error after you file your tax return, you can correct it by amending your return. Here are ten facts from the Internal Revenue Service about amending your federal tax return: 1. When to amend a return … Continue reading
Keep Good Records Now to Reduce Tax-Time Stress
This is the number one thing you can do to limit your IRS Audit Risk. Email me with any questions, kevin.murray@murraytaxservices.com You may not be thinking about your tax return right now, but summer is a great time to start planning … Continue reading
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