by Susanne Dwyer | Oct 31, 2018 | Business Tip of the Day |
A. $25; B. $20; C. $35; D. $30. Answer: A. You are allowed to deduct up to $25 for business-related expenses.
by Susanne Dwyer | Oct 30, 2018 | Business Tip of the Day |
While real estate association fees are deductible, fees associated with lobbying and political advocacy are not.
by Susanne Dwyer | Oct 29, 2018 | Business Tip of the Day |
Most individuals filing quarterly taxes use the Form 1040-ES. Payments are easy to make online or by phone.
by Susanne Dwyer | Oct 28, 2018 | Business Tip of the Day |
A. Estimated $25,000; B. Estimated $10,000; C. Estimated $15,000. Answer: C. If you make more than about $15,000 per year in real estate, you will probably need to pay quarterly taxes.
by Susanne Dwyer | Oct 26, 2018 | Business Tip of the Day |
False. For business entertainment deductions, you are allowed to take a meal deduction only for the client, and only if business was discussed during the meal or immediately before or after.
by Susanne Dwyer | Oct 25, 2018 | Business Tip of the Day |
According to the IRS, to ensure your deductibles qualify, a real estate business expense must be: ordinary and necessary; directly related to your business; a reasonable amount.