The city of Seattle is looking for ways that it can use taxes to benefit everyone in the city limits, and they have brought forth some proposals that will help the city build a more efficient government. Plus, the city wants to be sure that they can serve the whole population by making these changes
4 Things Your 2018 Tax Return Taught You
Filing Your Taxes The deadline for filing taxes was April 15th, 2019 and most individuals have already filed their fees. The tax period is over and you can go back to handling your finances properly in preparation for the next tax season in 2020. Unfortunately, putting taxes at the back of your
What Is Considered Taxable Income?
Taxable income is anything that you cannot deduct, cannot shield from taxes, and was earned through a non-exempt job. There are a few things you need to talk to your accountant about during the tax season, and taxable income is perhaps the most important of all these things. 1. What Is Taxable
Should I File An Extension?
The deadline for filing taxes is quickly approaching. There are many reasons people miss the deadline for filing taxes and the IRS, in most cases, understands this; it's why they have the Form 4868 available. If a person is unable to complete their taxes by April 15 then they can request a six month
How much should I save if I’m 1099?
There are a number of benefits to working for yourself. Being able to control your income, being able to work when you want to and having to answer to no one are big reasons why people opt to work for themselves. But with the sweet comes some of the sour and one of the difficult parts of owning your
How are Startup Expenses Treated for New Rental Properties
Most real estate investors need to spend some money to get their business started. The costs incurred before they are actually in business are known as start-up expenses. Special tax rules and regulations govern the deductions for a rental property as well as other related costs. If you are not
How You Can Deduct Expenses for Your New Rental Property
Landlords and property owners are looking at a tax deduction to lower their taxable income. They are looking at their expenses for the past year and noting what can be deducted from their gross income. Through deductions, the taxes they owe the government will be drastically lowered, and would
What the Right CPA for Your Real Estate Business Can Provide
The right Certified Public Accountant (CPA) can do wonders for your real estate business whether you are renting out one small property or have a large amount of real estate to lease. Their cost is typically marginal to the amount of value that they can present to your business and they add