Licensed Real Estate Agents – Real Estate Tax Tips

Most real estate professionals operate their business as a sole proprietorship. This means that you are not someone's employee, you haven't formed a partnership with anyone, and you have not incorporated your business. Statutory Nonemployees [...]

By | January 14th, 2017|Categories: Uncategorized|Tags: |0 Comments

Reasonable Compensation

S corporation required to pay reasonable compensation. S corporations must pay reasonable compensation to a shareholder-employee in return for services that the employee provides to the corporation before non-wage distributions may be made to the [...]

By | January 2nd, 2017|Categories: Uncategorized|0 Comments

Form 1099-MISC, Miscellaneous Income

File this form for each person to whom you have paid during the year: at least $10 in royalties or broker payments in lieu of dividends or tax-exempt interest; at least $600 in: rents; services [...]

By | January 2nd, 2017|Categories: Uncategorized|0 Comments

Why Do We Need Accounting?

A good recordkeeping system includes a summary of your business transactions. Business transactions are ordinarily summarized in books called journals and ledgers. A journal is a book where you record each business transaction shown on [...]

By | November 28th, 2016|Categories: Uncategorized|0 Comments

NTPI Fellow

For Immediate Release 89 Tax Practitioners Complete Rigorous National Tax Practice Institute™ and Earn Elite Designation Washington, DC, November 18, 2014 – Eighty-nine tax practitioners have earned the prestigious Fellow designation from the National Association [...]

By | January 7th, 2016|Categories: Uncategorized|0 Comments