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100 TAX DEDUCTIONSFOR REAL ESTATEPROFESSIONALSINTRODUCTIONIsn't working in real estate prettycool? Working with people. Gettingto know the buyers and sellers.The look on a new homeowner'sface when you hand them thekeys. You feel great when a dealcloses, and you feel successfulwhen you receive that hard-earnedcommission.At Haller Group, PLC, we'll helpyou keep more of those hardearned commission dollars in yourpocket to grow your net worth.SOME FACTSCommissions are subject to avariety of taxesReduce your taxes bytracking tax deductionsStaying organized withbookkeeping and filingsystems is essentialCarefully plan largepurchases like a car orequipment to maximize thetax benefitsIN THIS GUIDETax Deduction ExpenseWorksheetHome Office DeductionWorksheetAuto & Business TravelDeduction WorksheetEssential Things To KeepIn MindHaller Group, PLC1611 E Warner Rd, Suite 6Tempe, AZ 85284480-396-9940Re-structure health insuranceand medical costs asbusiness expenses
OPERATION & ADMINISTRATIVEEXPENSESBank ChargesClerical & Virtual AssistantStaff & Colleague MeetingsCourier & Delivery ServiceDesk & Office RentFilm & PhotographyKeys & Locksmith ServicesSentriLock & Supra Lock BoxesMaps, Books, & Research MaterialsGeneral Office ExpensesPayroll Processing FeesPayroll & Unemployment TaxesEmployee Benefit ProgramsPhotocopying & PrintingPostageEquipment Rental & LeaseRepairsSigns & BannersSign Installation & RemovalOffice SuppliesWages & SalaryTools & Small EquipmentContract Labor & SubcontractorsJanitorial ServicesDocument Shredding ServicesOffsite Data Back Up ServicesEquipment WarrantiesFramingWebsite Design & DevelopmentWebsite Hosting & MaintenanceBottled Water, Soda & RefreshmentsBusiness Cards
CCOOMMUNICATIONEXPENSESMMUNICATION EXPENSESCell Phone ChargesOffice LandlineFan Line, E-Fax & Fax ChargesInternet Access (DSL/Cable/FiOS)Long Distance ChargesText Messaging & SMSVOIP (Skype/Vonage/Zoom)Wireless & Mobile Email ChargesMass Client Email & E-NewslettersDIRECT SALES EXPENSESAdvertising (Newspaper/Radio/TV)MarketingClient Accommodations (Warranties Inspections)Clients GiftsClients Moving & Storage CostsCommissions & Referral FeesFlowers & CardsBusiness Meals ExpenseOnline Listing ServicesLead Generation ServicesOpen House & Broker OpensStaging (Small Decorative Items)Property Cleaning Services & Supplies
CPORMOMFUENSI SCIAOTNI ONEXPENSESAL EXPENSESDues & MembershipsE&O InsuranceLegal FeesTax Accounting & Bookkeeping FeesContinuing Professional EducationSeminars & SpeechesRegional Realtor DuesLicensesMLS FeesPublications & NewspapersResumes & BiosNetworking OrganizationsBusiness & Life CoachingSelf Employed Health InsuranceEQUIPMENT EXPENSESComputerCameraMobile Phone & Tablet PurchaseFax MachinesCopier & ScannerPrinterFile CabinetGPS UnitOffice Furniture & DecorationSoftwareStaging Items (Furniture/Appliances)Brief Case & LuggageCleaning Equipment (Vacuum/Floor Steamer)
HOME OFFICE DEDUCATIONWORKSHEETBefore you take a deduction on your taxes for expenses related to a home office, please beaware of some items:Your home office must be regularly and exclusively used for your self-employed businessIf you own your home, do your best to have a a copy of your settlement sheet from when youpurchased this home and for all past refinancing ready for your tax preparationIs your home office used regularly and exclusively for your self-employed / home basedbusiness:YESNOAMOUNTLiving Space of the Entire Home in SquareFeetSize of the Home Office in Square FeetFirst Mortgage InterestSecond Mortgage InterestEquity Line InterestOther Home Mortgage Interest (Private Party)Property Taxes PaidInsurance (Homeowners or Rentals)Repairs to Home (Plumbing, Electrical,Structural)Repairs Limited Directly to Home OfficeCleaningCondo Fee or Home Owners AssociationElectricityGasOilNOTES
HOME OFFICE DEDUCATIONWORKSHEETAMOUNTWaterTrash CollectionAlarm SystemDate Your Purchased Your HomeDate You Placed Your Home In Service ForBusinessValue of Land at the Time of PurchaseImprovements (Describe Under Notes)Improvements (Describe Under Notes)Improvements (Describe Under Notes)Other Expenses (Describe Under Notes)Other Expenses (Describe Under Notes)NOTES
AUTO & BUSINESS TRAVELDEDUCTIONS WORKSHEETWhat kind of car/truck/SUV do you have?When did you place your car in service?Purchase Price (Including Tax)Do you lease your vehicle?If so, how much is monthly lease cost?Mileage on Jan 1st of This YearMileage on Dec 31st of This YearTotal Miles Driven This YearBusiness MilesCommuting Miles (if applicable)Average Daily Commute (if applicable)GasolineOil & Filter ChangeRepairs & MaintenanceTires, Alignments, Rotations & BalancingTowing or Storage ChargesInsuranceRegistration, Licensing, & TagsAutoClub, OnStar, AAA, RoadsideAssistanceBasic or Extended Warranty ChargesSafety & Emissions Inspections
AUTO & BUSINESS TRAVELDEDUCTIONS WORKSHEETCar washes, Detailing & Cosmetic RepairAccessories (Floor Mats, Tint, SoundSystem)Auto Loan Interest (if financed)Parking & Tolls (EZ Pass Monthly Fees)Car Tax & Other Value Based VehicleTaxesBUSINESS TRAVEL DEDUCTIONS WORKSHEETNumber of Days on TravelAirfrare (Including Baggage Fees)Train FareCar Rental (Including Insurance & Fees)Gasoline For Rental CarTaxies & Local TransportationHotel RoomTelephone & FaxDry Cleaning (Only While on Travel)Meals & EntertainementTips & GratuitiesInternet Access ChargesTravel Agency Fees (Orbitz, Travelocity)Clear Card or Security Pass Fees
KEEP IN MINDIf you wish to take a deduction for the use of your automobile, itis the reccomendation of this firm that you have a mileage log.Even if you take a percentage of your expenses, rather thanthe standard mileage rates, your must maintain mileagerecords in order to figure out your business use percentage.A mileage log can be in writing or there are devices availablethat will automatically track mileage for you.When taking a deduction for business travel,, ensure that thetravel in question is for a legitimate business purpose. Thatincludes, but not limited to, a client meeting, income producingproperty sale or arrangement, or it was related to aprofessional seminar or education session directly related toyour business.CONTACT US WITH QUESTIONSFor more clarification about any of the above information oravailable deductions, please email or call our office and we will behappy to assist you further.Haller Group, PLC1611 E Warner Rd, Suite 6Tempe, AZ 85284480-396-9940
Cell Phone Charges. Office Landline. Fan Line, E-Fax & Fax Charges. Internet Access (DSL/Cable/FiOS) Long Distance Charges. Text Messaging & SMS. VOIP (Skype/Vonage/Zoom) Wireless & Mobile Email Charges. Mass Client Email & E-Newsletters. COMMUNICATION EXPENSES. DIRECT SALES EXPENSES. Advertising (Newspaper/Radio/TV) Marketing
