Tags and Keywords

Tags are special keywords that help to categorize blog entries on RealTown.

The Top Tags are organized alphabetically below with the more popular tags appearing in larger text.

Take a Vacation and Write it off!!!

Posted at Tips from T-ReX by T-ReX .
May 16th, 2008 12:53 pm
Categorized in: TaxTips
Starred by: 1 Member
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.

TaxTip about Points Paid by the Buyer

Posted at Tips from T-ReX by T-ReX .
May 9th, 2008 12:20 pm
Categorized in: TaxTips
Starred by: 1 Member
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...

TaxTip about Seller-Paid Points

Posted at Tips from T-ReX by T-ReX .
May 8th, 2008 12:44 pm
Categorized in: TaxTips
Starred by: 1 Member
In this blog, I am focusing particularly on what to do when the Points are Pre-Paid by the SELLER during a property SALE.

TaxTip about Saving Money Using Your Home Office Deduction

Posted at Tips from T-ReX by T-ReX .
May 7th, 2008 10:50 am
Categorized in: TaxTips
Starred by: 1 Member
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.

TaxTip about Giving Gifts to Your Clients

Posted at Tips from T-ReX by T-ReX .
April 24th, 2008 12:50 pm
Categorized in: TaxTips
Starred by: 1 Member
tax tips, real estate professionals

TaxTips about Paying Your Kids and Using IRAs

Posted at Tips from T-ReX by T-ReX .
April 14th, 2008 11:40 am
Categorized in: TaxTips
Starred by: 1 Member
Pay your kids to do some of your work (like on properties you own), and put the money in IRA accounts for them.

TaxTip about Meal and Entertainment Expenses

Posted at Tips from T-ReX by T-ReX .
April 1st, 2008 1:11 pm
Categorized in: TaxTips
Starred by: 1 Member
When traveling away from home on business, you may incur expenses for meals and entertainment. You can deduct 50% of meal and entertainment costs incurred when traveling locally, overnight, or long distance for your rental (business) activity.

TaxTip about Auto Expenses You Can Actually Deduct

Posted at Tips from T-ReX by T-ReX .
March 26th, 2008 2:09 pm
Categorized in: TaxTips
Tagged with: auto expenses, taxtips
Starred by: 1 Member
Vehicle expenses paid exclusively for rental activity can be fully deductible. Using the actual expense method instead of the standard mileage rate might be more beneficial if your vehicle incurred a lot of expenses during the year.

TaxTip about Material Participation

Posted at Tips from T-ReX by T-ReX .
March 14th, 2008 12:18 pm
Categorized in: TaxTips
Starred by: 1 Member
Material Participation in Real Estate Results with Non-Passive Treatment of Rental Income. This is the way to save that extra money that Uncle Sam has been keeping his eye on...

TaxTip about Depreciation

Posted at Tips from T-ReX by T-ReX .
March 10th, 2008 3:05 pm
Categorized in: TaxTips
Tagged with: depreciation, taxtips
Starred by: 1 Member
As a rental property owner, there are no tax benefits to making principal payments for your property - you only get to right off the interest. As a result, many people get taxed on their income from rental properties, and if you are like me, you don’t w
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