Real estate agents can possibly achieve tax savings by electing to be taxed as a Subchapter S Corporation under the Internal Revenue code. A Subchapter S Corporation generally does not pay income tax. The earnings flow through to your personal […]
A real estate broker I worked with years ago had a simple way of keeping up with his estimated tax payments. Every year he would look at his tax return and divide his total taxes (income and self-employment tax this […]
Once you get tired of paying estimated tax penalties in April or even the following October, you may decide to start paying quarterly, estimated tax payments. The problem is that self-employed people do not have steady income, which is easily […]