• 100+ TAX DEDUCTIONS

    100+ TAX DEDUCTIONS

    FOR REAL ESTATE PROFESSIONALS

  • INTRODUCTION

    Isn't working in real estate pretty cool? Working with people. Getting to know the buyers and sellers. The look on a new homeowner's face when you hand them the keys. You feel great when a deal closes, and you feel successful when you receive that hard-earned commission. At Haller Group, PLC, we'll help you keep more of those hard-earned commission dollars in your pocket to grow your net worth.

  • SOME FACTS

    • Commissions are subject to a variety of taxes

    • You can reduce your taxes by tracking tax deductions

    • staying organized with bookkeeping and filing systems is essential

    • Carefully plan large purchases like a car or equipment to maximize the tax benefits

    • Re-structure health insurance and medical costs as business expenses

  • IN THIS GUIDE

    • Tax Deduction Expense Worksheet
    • Home Office Deduction Worksheet
    • Auto & Business Travel Deduction Worksheet
    • Essential Things To Keep In Mind

  • BASIC INFORMATION

  • OPERATION & ADMINISTRATIVE EXPENSES

  • COMMUNICATION EXPENSES

  • DIRECT SALES EXPENSES

  • PROFESSIONAL EXPENSES

  • EQUIPMENT EXPENSES

  • HOME OFFICE DEDUCATION WORKSHEET

  • Before you take a deduction on your taxes for expenses related to a home office, please be aware of some items:

    • Your home office must be regularly and exclusively used for your self-employed business
    • If you own your home, do your best to have a copy of your settlement sheet from when you purchased this home and for all past refinancing ready for your tax preparation

  • AUTO & BUSINESS TRAVEL DEDUCTIONS WORKSHEET

  • AutoClub, OnStar, AAA, Roadside

  • AUTO & BUSINESS TRAVEL DEDUCTIONS WORKSHEET

  • BUSINESS TRAVEL DEDUCTIONS WORKSHEET

  • KEEP IN MIND

  • If you wish to take a deduction for the use of your automobile, it is the reccomendation of this firm that you have a mileage log.

    Even if you take a percentage of your expenses, rather than the standard mileage rates, your must maintain mileage records in order to figure out your business use percentage.

    A mileage log can be in writing or there are devices available that will automatically track mileage for you.

    When taking a deduction for business travel, ensure that the travel in question is for a legitimate business purpose. That includes, but is not limited to, a client meeting, income producing property sale or arrangement, or it was related to a professional seminar or education session directly related to your business.

  • CONTACT US WITH QUESTIONS

  • For more clarification about any of the above information or available deductions, please email or call our office and we will be happy to assist you further.

     

    Haller Group, PLC 1001 E Warner Rd, Suite 102 Tempe, AZ 85284

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