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Any Rest for the Weary? I will settle for a tax deduction!

By
Real Estate Agent with Cherimie Crane & Associates

Tomorrow is the day for me....you know the one where you crawl into your CPA's office with a knot the size of a large great white shark tucked comfortably in your gut...

Everyone feels that...don't they?

Does anyone have any information, hope, fairy dust, that they might want to share as far as deductions or assistance for Realtors? I would really appreciate any advice....and so would the Great White Shark in my tummy:)taxes cartoons, taxes cartoon, taxes picture, taxes pictures, taxes image, taxes images, taxes illustration, taxes illustrations

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Sonja Babic
Sonja Babic/PRIME Realty NC, LLC - New Bern, NC
New Bern NC, PRIME Realty NC, LLC
Try this blog by John Nunnally  Creative Tax Tips for Real Estate AgentsHe emailed it to me and it had few realy good ideas as well as reminders. Have a fun tax season!
Feb 24, 2008 01:31 PM
Kathy Fisher Sells Lexington TN homes! 731.845.3413
Five Star Real Estate Services - Lexington, TN

Good luck tomorrow! I know exactly how you feel I had that meeting about 3 weeks ago and I was SO nervous.  My saving grace is my wonderful accountant Jeany Beth Maxwell in Jackson TN. She is a magician!  She does taxes for several real estate professionals so she knows how my business works and what can be deducted. With my numbers I was paying $3700 but when all was said and done I ended up with a refund...small refund but hey it beats paying everytime. My advice is to make sure that your accountant understands your work and how much it really costs to do it successfully and a little magic doesn't hurt either!!

Kathy Fisher Lexington TN Realtor

Homes for sale Lexington TN

Feb 24, 2008 01:42 PM
Cherimie Crane
Cherimie Crane & Associates - Beaufort, SC
Sonja and Kathy Thanks for the advice and support!!!!
Feb 25, 2008 12:24 AM
Joe Adams
Major Mortgage USA/Branch Manager - Montrose, CO
Don't forget all the continuing ed calsses you took and all the other little things.  Your CPA will take it from there.
Feb 25, 2008 01:27 AM
Jeff Belonger
Social Media - Infinity Home Mortgage Company, Inc - Cherry Hill, NJ
The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

Cherimie.... just send me the bottom line of what you owe, I'll write you a check...  ;o)   Seriously, how did it go?

jeff belonger
Feb 26, 2008 09:59 AM