6 01, 2022

It is Never Too Early in the Year to Prepare for Tax Deductions on Your Investment Property

2022-04-25T14:20:00-04:00By |Advice, Bookkeeping, Property Management, Taxes|

Even though the 2021 holiday season is still barely behind us, spring will be here soon – and that means that tax time is just around the corner. As the owner of residential rental property, you could be eligible for some nice income tax deductions. With the various changes that have taken place since the [...]

26 08, 2015

Managing Your Real Estate Investment Paperwork

2022-04-25T20:08:15-04:00By |Bookkeeping, Investing|

One thing that anyone who has ever purchased property is certainly familiar with is all of the real estate investment paperwork that goes along with it - and this is especially the case if you own rental real estate that entails ongoing documentation such as incoming rent checks, maintenance records, insurance, and tax files. Owning [...]

13 03, 2014

Meals and Entertainment Tax Write Offs for Real Estate Investors

2022-04-26T14:59:08-04:00By |Bookkeeping, Investor Mentality, Taxes|

You entertain clients and business prospects to build relationships and gain new business so lets talk about meals and entertainment tax write offs for real estate investors.  In some cases these meals/entertainment can be tax deductible. The expense must meet either the directly related test or the associated test as defined by the IRS. [...]

2 07, 2013

Tax Talk: Landlord Vehicle Expenses

2022-04-25T20:38:51-04:00By |Bookkeeping, Taxes|

Whether you are a full-time investor or weekend landlord, your landlord vehicle expenses will often be one of the largest expenses you will have each year to offset your investing income for tax purposes.  The IRS gives the taxpayer 2 options - itemize each individual vehicle expense (fuel, oil changes, repairs and maintenance, etc.) or elect to [...]