Dear Client: You must consider the vacation home rules when you • rent a bedroom in your home and also use it personally, or • rent your beach home (or any other home you own) and also use it personally. Personal Use of the Dwelling Rent or use by relatives. Personal use includes more than
Renting Out your Home or Vacation Home? Read More »
As you likely know by now, your travel meals continue under tax reform as tax-deductible meals subject to the 50 percent cut. And tax reform did not change the rules that apply to your other travel expense deductions. One beauty of being in business for yourself is the ability to pick your travel destinations and
Proving Travel Expenses After Tax Reform 2018 Read More »
Mileage Log Required for Vehicle Tax Deductions When it comes to your tax records, there’s one record that you really must keep, and it’s easily overlooked. It’s the mileage log. In an IRS audit, the mileage log often creates the first impression of your tax records, and not having a good log is the biggest
The Unpardonable Sin in an IRS/FTB Audit Read More »
Tips For Real Estate Investors If you are a real estate investor I’m sure you are familiar with a number of tax laws and strategies that real estate investors encounter frequently and not so frequently. Things like: *Tax Rules and Solutions at Purchase and During Ownership of Real Estate *Living With the Passive Loss Regulations
Tax Tips for Real Estate Investors Read More »
Tax Tips For Real Estate Agents You, as a real estate broker or agent, have two ways to grow your real net income: 1. Financial Offense 2. Financial Defense Financial offense boost your income. Get more listings, more showings, more closings, sell more expensive properties, add additional services and the like. Financial offense is hard
Tax Tips for Real Estate Agents Read More »
Robert W. Craig, E.A. Tax and Business Services January 5, 2012
January 2012 Newsletter Read More »
Here is an article from David Brown, a mortgage planner, advisor, and broker at Residential Mortgage here in Solvang. He always gives me the straight scoop and gets things done where others can’t. It’s very informative and definitely worth the read. Feel free to pass it along to family, friends, and colleagues. Enjoy, Bob Mortgage
Time To Review Your Mortgage? Read More »
Mortgage Loan Alert: If you are considering purchasing a home, here is some news you need to know. If you know someone who is thinking of purchasing, please forward this to them as well. Banks are continuing to tighten up on their mortgage lending standards. On June 1st, Fannie Mae put the Loan Quality Initiative
New Mortgage Rules Read More »