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I’m Self-Employed. Can I Deduct My Spouses Health Insurance …

WEBWhen it comes to deducting a spouse’s health insurance via the self-employed health insurance deduction, enough loose interpretation exists to confuse …

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Business Deductions

WEBSelf-Employed Health Insurance – Business owners can deduct the cost of health insurance paid through a business-owned/sponsored plan (which is broadly …

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Coping with April 15th Stress Disorder

WEBIn 2014, the Affordable Care Act even placed the IRS and Tax Professionals in charge of financing health insurance for millions of Americans! Each credit represents a …

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Real Estate Agents, Deducting Employee Benefit Programs

WEBHealth insurance premiums of the owner, including the cost of protecting the owner’s spouse and dependents. These premiums are also an adjustment to income on …

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Real Estate Agents, Deducting Insurance (other than Health)

WEBTake Away: Many types of insurance paid by a real estate agent for their business are deductible as Insurance on Schedule C, Line 15. Other business policies …

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Notable Tax Changes for 2022

WEBFor 2022, individuals and families over 400% of the federal poverty level can receive health insurance assistance and not pay more than 8.5% of household income …

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Real Estate Agent Tax-Cut Library, Agent Edition

WEBAs a real estate agent, your greatest annual expense is the amount of income tax you owe! Every $100 of sales commission not offset by legitimate deductions costs the average …

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Tax Article Archive

WEBThe Earned Income Tax Credit - History & 2021 Changes This article will focus on changes to the Earned Income Tax Credit. Posted Jan 11, 2022. The American …

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2018 Tax Changes for Individuals & Planning Tips

WEBHealth Insurance Penalty Still in Effect: Although there has been much fanfare in certain circles regarding the repeal of the ACA Health Insurance Penalty, the repeal does not …

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Contractor or Employee

WEBA worker’s status as an independent contractor or employee has a significant impact on business profitability. Employees add substantial costs to business …

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The Necessity & Benefit of Filing a Tax Return Extension

WEBThe cost adds up quickly and maxes out at 25% of the tax due. For 2020, 2021, and 2022 congress has enacted a minimum penalty for returns filed over 60 days …

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Building a Successful Business Mindset

WEBBuilding a Successful Business Mindset. By: Brett Hersh Published: 07/21/2021, Updated: 07/21/2021 Share: This articles come from The Five Steps to …

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Real Estate Agents, Schedule C, Line 19

WEBOther employee benefits, such as health insurance, education assistance, or cafeteria plan costs not included in wages. Report these on Line 14, Employee Benefits. A Common …

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Form 1099-NEC and 1099-MISC Noncompliance (Can Literally …

WEBOver the past few years, the U.S. Treasury Department has taken aggressive steps to increase Form 1099 compliance by small businesses. These steps …

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Energy Credits for 2022, 2023 & Beyond

WEB2022’s Electric Vehicle Clean Vehicle Credit. For 2022, the electric vehicle credit remains essentially the same as in 2021, ranging from $2,500 to 7,500, depending …

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1099-NEC & 1099-MISC Course (Training Edition)

WEBThat's $1,100 for EACH 1099-NEC or 1099-MISC missed because someone ignored the rules. For the first time in history, the disregard of 1099 filing requirements can force …

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Introducing IRS’s New Form 1099-NEC, Nonemployee Compensation

WEBForm 1099-NEC is required when annual payments for services equal $600 or more. 1099-NEC Due Dates: Form 1099-NEC is due to both the payee and the IRS …

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Real Estate Agent Tax-Cut Library, Broker Edition

WEBCustomers Say… Great course! - Donna L, Phoenix, AZ, 1099-NEC & 1099-MISC Course (Training Edition) Course Jam packed with info. I feel ready to finalize the year and …

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Deductible Business Meals for Real Estate Agents

WEBThis lesson covers the two types of business meals that are deductible: 1) Meals “directly related” to the conduct of business and 2) Meals “associated with” the active conduct of …

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