I represent taxpayers in Mount Laurel and the rest of New Jersey (NJ). List of tips for missed tax deductions for real estate agents. Meet with me today!
1) Tips on Internet Advertising Deduction
Create a folder called "Vendor Bills" on your computer or in your e-mail box create and use it to save all of your online purchase receipts. That way they will all be in one place and easily accessible when you need them.
2) Tips on Automotive Expenses Deduction
Keep a travel log so you can record mileage and expenses that you incur during work based travel time. You can purchase these expense log books at Staples and office supply stores.
3) Tips on Write-offs for Treating Your Clients Well
Have backup documentation such as receipts or invoices to ensure that the IRS will allow the deduction. The best possible documentation includes:
- Expense amount
- Reason for the Expense
- Date and time of the expense
- Names of the people you were with and your business relationship to them
- A receipt or invoice
4) Tip on Office Supplies
Get in the habit of taking a picture of your receipts with your camera phone. You can then email them to yourself, a great free app for your smart phone that will turn your photos into expense reports in a few clicks.
If you owe the IRS or state $10,000 or more and are feeling blindsided every year by a huge tax bill - don't wait. We can help! Call us today at 973.840.7350 for more information about how we will work to settle your debt so that it doesn't become impossible tomorrow. Meet with me today!
309 Fellowship Road, suite 200
Mount Laurel, NJ 08054
Tel. 973.840.7350
Fax. 347.344.6942
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