VATaxRelief

If there's one thing I've learned in providing bookkeeping and tax services to Realtors over the past 15 years, it's that the only thing that's constant is change!Whether you are… a real estate broker who paid agent commissions in 2020, or an agent who paid a virtual assistant last year … there a...

It's almost tax time. (Ugh!)  I prepare hundreds of tax returns for real estate agents and brokers each tax season, and receive dozens of question about what is needed, what's deductible, can an extension be filed, etc. So to help you spend less time and money on taxes and tax prep, here's 7 esse...

I work with many Realtors who fall behind on taxes, and then make mistakes trying to resolve things.Many jump into monthly payment plans they can't afford, thinking an Installment Agreement is their only option. To prevent the IRS from filing a Federal Tax Lien, levying their bank account or seiz...

I've worked with hundreds of Realtors over the years to reduce their IRS tax bite and gain control over their finances. Many find it hard to manage cash flow when closings and commission income fluctuate up and down. But COVID times aren't 'normal times';  financial challenges have intensified. H...

Many Realtors receive IRS notices that create nothing but confusion and fear if the agent is not familar with the IRS Collection Process.I'm authorized to help taxpayers in all 50 states to navigate the IRS Collection Process, so here's information to help you gain clarity, control, and peace of ...

Let's do this different than last yearLast year I did a blog post in which I offered “Five News Years Resolutions Every Realtor Should Make”. Another year older, and another year wiser, this year I want to take a different track.Why? Because resolutions are deeply personal. Otherwise they have no...

2020's been an extraordinarily successful year in Chesapekae VA real estate! I anticipate that I'll be working with many top producing Realtors who won't be able to full pay the balance due on their 2020 income tax return.They'll be relieved when they learn they can arrange an IRS Monthly Payment...

I work with many Realtors who fall behind on taxes, and then don’t know the steps to settle with the IRS.It's easy for good people to fall behind. No one's withholding taxes from your commission checks. Your business is seasonal; strong sometimes, but weak at other times. And then closings that g...