Archive for category: Financial Planning

Professional Corporation for Real Estate Professionals

Professional Corporation for Real Estate Professionals

General Assembly of Maryland Senate of Maryland 2015 Regulation Section – HB 1028  “Business Occupations and Professions – Real Estate Salespersons and Brokers – Formation of Business Entities and Payment of Commissions” The legislation signed on April 2, 2015 allow two new incentives to the Maryland Real Estate community professional […]

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Selling Your Home – Avoiding Tax Problems

Selling Your Home – Avoiding Tax Problems

Selling Your Home – Avoiding Tax Problems Federal tax laws allow each individual taxpayer to exclude up to $250,000 of gain from the sale of his/her main home, if he/she meets certain ownership and occupancy requirements. (A married couple that meets the qualifications can exclude up to $500,000.) If an […]

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Tax Deductions for Realtors

Tax Deductions for Realtors

Key Deductions for Realtors AUTO TRAVEL: Your auto expense is based on the number of qualified business miles you drive. Expenses for travel between business locations or daily transportation expenses between your residence and temporary work locations are deductible; include them as business miles. Expenses for your trips between home […]

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