讲座要点:
1. 地产经纪报税时的注意事项及tips
–Advertising – 4.89% –Car Expenses – 8.81% –Commissions – 6.49% –Depreciation – 2.45% –Other Expenses – 10.49% –Business Use of Home – 1.09% –Total Expenses – 54.43% ---------------------- 2. 地产经纪如何省税? 如果收入超过10万, 建议成立LLC, 用公司来从事地产营销 自雇人士很多的benefits 可以抵税: 医疗保险 (如果夫妻双方都没有雇主提供的医疗保险), term insurance, 长期护理保险, 有些学费, 小孩的日托费用 给自己存退休金: 不要用 Traditional IRA: 因为每年最多只能存 $7000, 而且只能减掉收入税 建议用 SIMPLE IRA (如果有雇员) 或者 SEP IRA: 除了减收入税,还可以减社保和Medicare 的税 如果收入很高, 还可以用 defined benefit plan 适用于自雇人士的退休计划比较 (每年投入限制):3. 拜登税改可能给地产行业带来严重影响 拜登政府正在酝酿一系列税改, 有几项跟地产经纪可能有关:
怎么办? 不要把所有的钱放在房子里,可以用其它的投资理财计划! 填写下表,输入邮箱地址获取讲座录像回放链接及下载讲座PPT:Why It Is Time To Retire 401(K)? |
If you can’t afford health insurance, you may be eligible for tax credits to help you pay the cost of coverage if you earn between 133% and 400% of the federal poverty level. Based on the current poverty level of $10,830 per year for singles and $22,050 per year for a family of four, assistance would be available for singles with income between $14,404 and $43,320 and families with income between $29,327 and $88,200.
Using the calculator linked below you can quickly find out whether you are eligible for subsidy and your out-of-pocket cost to get insured: Health Care Subsidy Calculator
Using the calculator linked below you can quickly find out whether you are eligible for subsidy and your out-of-pocket cost to get insured: Health Care Subsidy Calculator
- Tax Saving Strategies: A Helpful Checklist
- Travel and Entertainment: Maximizing the Tax Benefits
- The "Nanny Tax" Rules: What To Do If You Have Household Employees
- Higher Education Costs: How To Get The Best Tax Treatment
- Selling Your Home: How To Minimize the Tax On the Gain
- The Deductibility of Points
- Annuities: How They Work and When You Should Use Them
- Retirement Plan Distributions: When To Take Them
- Retirement Plan Distributions: How To Take Them
- Roth IRAs: How They Work and How To Use Them
- Mutual Fund Taxation: How To Cut The Tax Bite
- Advanced Charity Techniques: Maximizing Your Deduction
- Charitable Contributions of Property: Maximizing the Deduction
- Charitable Contributions: How To Give Wisely
Table of Contents
- What pieces of paper do I need to keep in order to do my taxes?
- What types of records should I keep?
- How long should I keep these records?
- Should I keep my old tax returns? If so, for how long?
- What other types of tax records should I keep?
- Are there any non-tax records I should keep?
- What kind of recordkeeping system do I need?
What pieces of paper do I need to keep in order to do my taxes?
Keep detailed records of your income, expenses, and other information you report on your tax return. A good set of records can help you save money when you do your taxes and will be your trusty ally in case you are audited.
There are several types of records that you should keep. Most experts believe it’s wise to keep most types of records for at least seven years, and some you should keep indefinitely.
Here’s a list of the kinds of tax records and receipts to keep that relate to your current year income and deductions:
- Income (wages, interest/dividends, etc.)
- Exemptions (cost of support)
- Medical expenses
- Taxes
- Interest
- Charitable contributions
- Child care
- Business expenses
- Professional and union dues
- Uniforms and job supplies
- Education, if it is deductible for income taxes
- Automobile, if you use your automobile for deductible activities, such as business or charity
- Travel, if you travel for business and are able to deduct the costs on your tax return
How long should I keep these records?
Keep the records of your current year’s income and expenses for as long as you may be called upon to prove the income or deduction if you’re audited.
For federal tax purposes, this is generally three years from the date you file your return (or the date it’s due, if that’s later), or two years from the date you actually pay the tax that’s due, if the date you pay the tax is later than the due date.
For some states, you should keep your records for four years.
Should I keep my old tax returns? If so, for how long?
Yes, keep your old tax returns.
One of the benefits of keeping your tax returns from year to year is that you can look at last year’s return while preparing this year’s. It’s a handy reference, and reminds you of deductions you may have forgotten.
Another reason to keep your old tax returns is that there may be information in an old return that you need later.
One example of information you may need years later is the tax basis of your home. If you sold your home some years ago and replaced it with the one you live in now, you filed a Form 2119 with your old return. On Form 2119, you figured the tax basis of your current home. When you sell your current home, the starting point to find out what your gain (or loss) is comes from the Form 2119 for the old house.
Here’s a reason to keep your old returns that may surprise you. If the IRS calls you in for an audit, the examiner will more than likely ask you to bring your tax returns for the last few years. You’d think the IRS would have them handy, but that’s not the way it works. Your old returns are more than likely in a computer, in a storage area, or on microfilm somewhere. Usually what your IRS auditor has is just a report detailing the reason the computer picked your return for the audit. So having your old returns allows you to easily comply with your auditor’s request.
How long should I keep my old tax returns?
You may want to keep your old returns forever, especially if they contain information such as the tax basis of your house. Probably, though, keeping them for the previous three or four years is sufficient.
If you throw out an old return that you find you need, you can get a copy of your most recent returns (usually the last six years) from the IRS. Ask the IRS to send you Form 4506, Request for Copy or Transcript of Tax Form. When you complete the form, send it, with the required small fee, to the IRS Service Center where you filed your return.
What other types of tax records should I keep?
You need to keep some other types of tax records and receipts, because they tell you how much you paid for something that you may later sell.
Keep the following types of records:
- Records of capital assets, such as coin and antique collections, jewelry, stocks, and bonds.
- Records regarding the purchase and improvements to your home.
- Records regarding the purchase, maintenance, and improvements to your rental or investment property.
You need to keep these records as long as you own the item so you can prove the cost you use to figure your gain or loss when you sell the item.
Are there any non-tax records I should keep?
There are other records you should keep, even though they don’t appear to have any use for your tax returns. Here are a few examples:
- Insurance policies, to show whether you were to be reimbursed in case you suffer a casualty or theft loss, have medical expenses, or have certain business losses.
- Records of major purchases, in case you suffer a casualty or theft loss, contribute something of value to a charity, or sell it.
- Family records, such as marriage licenses, birth certificates, adoption papers, divorce agreements, in case you need to prove change in filing status or dependency exemption claims.
- Certain records that give a history of your health and any medical procedures, in case you need to prove that a certain medical expense was necessary.
- These categories are the most universal and should cover most of your recordkeeping needs. Everyone’s needs are unique, however, and there may be other records that are important to you. Skimming through our Tax Library Index might highlight other categories that apply to you.
What kind of recordkeeping system do I need?
Unless you own or operate your own business, partnership, or S corporation, recordkeeping does not have to be fancy.
Your recordkeeping system can be as casual as storing receipts in a box until the end of the year, then transferring the records, along with a copy of the tax return you file, to an envelope or file folder for longer storage.
To make it easy on yourself, you might want to separate your records and receipts into categories, and file them in labeled envelopes or folders. It’s also helpful to keep each year’s records separate and clearly labeled.
If you have your own business, or if you’re a partner in a partnership or an S corporation shareholder, you might find it valuable to hire a bookkeeper or accountant.
Do you contribute to charity?
If you donate to a charity, you must have receipts to prove your donation.
Contributions in cash, check or other monetary form in 2007 and after aren’t deductible—at all—unless substantiated by one of the following:
- A bank record that shows the name of the qualified organization, the date of the contribution, and the amount of the contribution. Bank records may include: a canceled check, a bank or credit union statement or a credit card statement.
- A receipt (or letter or other written communication) from the qualified organization showing the name of the organization, the date of the contribution, and the amount of the contribution.
- Payroll deduction records. The payroll records must include a pay stub, Form W-2 or other document furnished by the employer that shows the date and the amount of the contribution, and a pledge card or other document prepared by or for the qualified organization that shows the name of the organization.
Are you employed by someone else?
If you work for someone else and spend your own money on company business, keep good records of your business expense receipts. You will need these records to either get a reimbursement from your employer or to prove business-related deductions that you take on your taxes.
Do you have income from tips?
If you make tips from your job, the hand of the IRS reaches here too, and if you are ever audited, the IRS will be interested in records of how much you made in tips.
Do you own property?
If you own property, be particularly careful to keep receipts or some other proof of all your expenses, especially for repairs and improvements.
Do you hire domestic workers?
It’s important to keep accurate information about who works for you, including nannies and housekeepers, when and where they worked for you, and how much you paid them for the work.
Do you have a business?
If you have a business, you must keep very careful records of all your business expenses, including vehicle mileage, entertainment expenses, and travel expenses.
If you have a business, just because you have cash in your pocket doesn’t mean you’re in the black on the books. Keeping up-to-date records of all transactions and costs will not only help you tax wise, it will tell you if your business is actually profitable.
Do you travel for your business?
If you travel for business, keep good receipts and logs of all your travel expenses, including those for meals and entertainment. You will need this information whether you work for yourself or for someone else.
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