Whether you’re preparing your taxes on your own as real estate professional or having a tax strategist CPA help you, here are some tips: Don’t forget your mileage. Many real estate agents leave money on the table when it comes to their mileage. Depending on where you work on a regular basis, the tax deduction may include attending meetings, putting … Read More
DFW Tax Advice: Why You Might Not Get a Refund This Year
Tax season is here. If you’re like many people, you may look forward to receiving a sizable income tax refund each year. You might even have plans for how you’ll spend the money before the refund ever shows up. Unfortunately, for some taxpayers, the refund they anticipate will never arrive. Just because you received a refund last year (or even … Read More
Flower Mound CPA: Where’s My Refund?
Early February is one of the busiest times for people doing their taxes. Are you someone who can’t wait to get your hands on your refund? Well, we can tell you how soon you will probably get that refund. The tax reform law officially kicked in on January 1, 2018. The taxes you file from January through April 15, 2019 … Read More
DFW Tax Strategy: Save Taxes Right Now
1. Figure out whether it makes sense to itemize One of the most important decisions you’ll make when you file taxes is whether you should itemize your deductions or claim the standard deduction. The standard deduction was nearly doubled by tax reform and is going up again. Even if you’ve always itemized in the past, don’t assume you’re going continue doing so in … Read More