Property Management Software!

Have you ever had to deal with a CASUALTY LOSS? Here's why I ask: Losses incurred because of a casualty, disaster, or theft can be tax-deductible. These losses may be limited, but they are certainly deductible. For Example: Your tenant runs their car through the garage door Even though you haven...

Losses incurred because of a casualty, disaster, or theft may be tax-deductible. These losses may be limited, but they are deductible. For Example: Your tenant runs their car through the garage door Even though you haven’t replaced the garage door, and don’t have any expenses to write off becaus...

Summer is coming around, I'm starting to plan my next vacation... ...and I am going to share a little secret. You might have tried all the tricks in the book, but I'm sure you haven't tried making your VACATION TAX DEDUCTIBLE. For example, you fly with your spouse (aka your business partner) to ...

Summer is coming around, I'm starting to plan my next vacation... ...and I am going to share a little secret. You might have tried all the tricks in the book, but I'm sure you haven't tried making your VACATION TAX DEDUCTIBLE. For example, you fly with your spouse (aka your business partner) to ...

Summer is coming around, I'm starting to plan my next vacation... ...and I am going to share a little secret. You might have tried all the tricks in the book, but I'm sure you haven't tried making your VACATION TAX DEDUCTIBLE. For example, you fly with your spouse (aka your business partner) to ...

Many people get confused about how to treat points, so I hope this post is helpful. In this blog, I am focusing particularly on what to do when the Points are Paid by the Buyer. For Points Pre-Paid by the Seller, read my previous blog... A point is interest that has been pre-paid in an effort to...

Many people get confused about how to treat points, so I hope this post is helpful. In this blog, I am focusing particularly on what to do when the Points are Pre-Paid by the SELLER during a property SALE. For Points paid by the Buyer, wait for my next blog... For treatment of points after refin...

I know a lot of you use a home office for your business, so I hope this tip is useful for you... If you used a portion of your home exclusively and on a regular basis as your principal place of business, then the expenses for your home office are considered deductible. Even if you store things i...

I know a lot of you use a home office for your business, so I hope this tip is useful for you... If you used a portion of your home exclusively and on a regular basis as your principal place of business, then the expenses for your home office are considered deductible. Even if you store things i...