Paying Your Taxes on Time

The first year in real estate can be overwhelming on so many levels. Between legal details, marketing techniques, and the general mounds of paperwork, there is so much to learn, to know, and to file away for safekeeping. CRM programs, franchise-exclusive databases, and even good old Excel are all your new best friends. Here are three things that you need to keep meticulous records of. 1. Past Sales You need a list of all your past sales that includes the client's name, new address, phone number, email, and any other contact info, including social media handles.

Losing a loved one is a difficult time for all. It can be even more complicated when you have to deal with financial and tax matters at the same time. If you have inherited from a friend or family member who passed away, what do you need to know about your inheritance? Here are a few answers to common inheritance questions. What Taxes Do You Owe? As a general rule, a person who inherits assets or cash does not owe inheritance taxes upon receiving the items.

Meeting with a financial planner is a great way to get your finances in order and plan effectively for the future. How productive your first meeting is depends not only on your financial planner's efforts, but also your own. Here are four ways you can prepare for a meeting with your financial planner to help ensure you get as much out of this experience as possible. Find out About Your Retirement Options

Most Americans want a big refund when filing their personal income taxes. But there may be situations where it's better not to receive a large refund. How can you decide, and what can you do about it? Here is some help answering the question of whether you should voluntarily reduce your refund.  Is the Refund from Refundable Credits or Not? There are basically two ways to get a refund. One is to receive refundable tax credits, such as the Earned Income Tax Credit or the Additional Child Tax Credit.

While there are many resources available to you when it comes to filing your taxes, letting a tax preparation service handle it is often the best course of action. Here are two reasons to let a preparation service handle your taxes. It Will Increase Your Chances Of Getting More Money The main benefit provided by letting a preparation service handle your taxes is that they will increase your chances of getting more money.

Tax time isn't always fun, especially for business owners. This can be a very stressful time, as you're scrambling to find receipts you forgot to organize or searching for paperwork and notes where you wrote down deductions such as mileage. To make tax time a little less stressful on you, use the tips below to help keep you organized for a smoother tax filing year. Hire A CPA A CPA has tax knowledge you may not have about deductions, as well as other helpful information to keep you organized.

A new year brings you a new chance to get your business accounting together. This year, make sure you are taking steps to improve your accounting practices. Improving your accounting practices can help you overall business succeed. #1 Follow Up On Invoices Keep in mind that when you send out an invoice, your job is not done; it has really just started. Once you send out an invoice, you need to log that invoice information into your system.

Being hit with a federal tax lien can destroy your finances. When the IRS files a lien against you, it shows on your credit report. In addition to tanking your score, many banks won't lend money to you because the federal government will always have first dibs on any property you have that may serve as collateral. In general, you are typically required to pay the tax bill in full to get the lien released.