Real Estate Investors - IRS Tax Recordkeeping Relief For Cell Phone Use
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Real estate investors, the Internal Revenue Service today issued guidance designed to clarify the tax treatment of employer-provided cell phones.
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Real Estate Investors,Landlords - Fannie Mae Research Indicates Growth For Multifamily Market
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Real estate investors and landlords,Fannie Mae has released two white papers detailing the company's work in the multifamily housing market and focusing on the growing need for decent, affordable housing for renters even as demand and prices soar. As the nation increasingly turns to rental housing as a preferable option for more households, the white papers lay out Fannie Mae's activities and the outlook for affordable rental housing and the small multifamily loan market.
Real Estate Investors – IRS Promises To Audit More Landlord Tax Returns
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Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4Real Estates Investors – Do you own rental properties? Watch out – The IRS promises to increase audits of your tax returns. The Treasury reports that more than half of all rental property owners misreport their income. Therefore the IRS promises to target rental property owners and significantly increase the number of audit of their return. An audit of the tax return may lead to a tax assessment and a penalty.
Your tax returns may be flagged for audit for underreporting rental property income, claiming unentitled deductions or simply... continue reading >>
Real Estate Investors And Landlords - IRS's Tax Relief For Victims Of Oklahoma Storms
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Real estate investors and landlords, victims of severe storms, tornadoes and straight-line winds on April 14, 2011 in parts of Oklahoma may qualify for tax relief from the Internal Revenue Service.
The President has declared Atoka County a federal disaster area. Individuals who reside or have a business in this county may qualify for tax relief.
As a result, the IRS is postponing until June 30 certain deadlines for taxpayers who live or have a business in the disaster area. This includes the April 18 deadline for filing 2010 individual income tax returns,... continue reading >>
Tips to Make Your Rental Property Energy Efficient
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Property management companies, landlords and property managers - Make energy efficient upgrades whenever you can. Such upgrades will make your rental property less expensive to maintain while you and your tenants live in it as well as contribute to market value of the property.
1. Make sure your rental property is well insulated and equipped with heating and cooling systems that work properly. Buy energy-efficient appliances or revamp heating and cooling systems to save energy if you have the money. Less expensive steps, like insulating doors and windows, will also save you money and help conserve... continue reading >>
How to Handle Tenants Repair Requests
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Property management companies, landlords or property managers – try responding promptly to address the tenant’s requests. In some extreme cases, the tenant may be entitled to withhold rent and your property management company could be held accountable for personal injuries as well.
Guide to Handling Tenants Repair Requests:
1. If you’re not available by phone at anytime, make sure that you have some type of answering or paging service available at all times.
2. Provide all tenants with several copies of Maintenance/Repair Request forms when tenants move in.
3. Make additional forms readily available to your tenants.... continue reading >>
Property Managers and Landlords – How to Inspect the Property With Your Tenants
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Property Managers or Landlords and Tenants should perform a joint inspection of the rental property or rental unit before the tenant moves in. The objective of the inspection is to
a. identify and document the condition of the property
b. check the conditions of the appliances, security systems, heating, air conditioning systems
c. identify common areas
d. identify service areas such as trash, recycling, newspaper delivery, mail box, club house and pool
e. provide information on utilities such as water, electricity, telephone and cable services
At the end of the inspection, Property Managers or Landlords and Tenants... continue reading >>
Year End Tax Tips for Property Managers and Property Management Companies
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Property managers running their own companies should prioritize for end of the year tax planning, and keep more money in their pockets by taking advantage of the tax benefits available to them.
Unfortunately, 2010 is the worst year for end of the year tax planning due to the deadlock in Congress and the inability of Congress to act upon tax issues. One of the positive tax law changes affecting property managers and property management companies is the Small Business Jobs Act of 2010, which provides $12 billion of tax incentives – including bonus depreciation, enhanced expensing, and other... continue reading >>
Don't Pay too Much in Taxes!
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Real Estate Agents, Brokers and Mortgage Professionals - It's not too late to save on Taxes!
With the year-end just a month away, and Congress in a deadlock over tax changes, the future is foggy as to whether there will be any tax law changes before Dec 31, 2010.
Given the current state of the economy, real estate professionals should find ways now to lower tax liability and improve business profitability. To give you a jump start, TReXGlobal has put together a year end tax planning guide for real estate agents, brokers and mortgage professionals to... continue reading >>
Real Estate Investors - Congress Being Urged To Restore Federal Tax Incentive Plan
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Real estate investors, The National Mortgage Complaint Center is urging US House of Representatives Speaker John Boehner to introduce immediate legislation that restores the Federal Tax Incentive Plan for home buyers. However, the group says, "the Federal Tax Incentive Home Purchase Program should not be limited to first time home buyers only. We believe a more robust federal tax incentive plan is called for, to include not just first time home buyers, but all qualified home buyers, including investors. Someone needs to step up to the plate to rescue the US residential real estate markets, and leadership is needed-now."... continue reading >>