Re Deduction

Finesse Tax Accounting, LLC

Real Estate Agent/Broker

Do Your Taxes With Finesse

Working with people. Getting to know your buyers and sellers. The look on a new homeowner’s face when you hand them the keys or they see the house that is perfect for them. All of these things are what make being a real estate agent or broker worthwhile. You feel great when a deal closes and you feel successful when you receive a hard earned commission. You can add to those positive feelings with the knowledge that you are taking advantage of every plan, program, deduction, and law that exist to make your tax bill low. Keep your money in your pocket. You earned it.

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Commissions are subject to a variety of taxes Federal Income Tax (Average 25%) Self Employment Tax (15.3%) State Income Tax (DC: 8.5%/MD: 7.5%/VA 5.75%) Total Tax: 46%-49% Reduce your taxes by tracking your tax deductions (see page 2) Learn how to stay organized (bookkeeping, filing systems, etc.) Contribute to deductible retirement plans (401K or SEP) Make quarterly tax payments Carefully plan large automobile or equipment purchases to maximize the tax benefits Maintain a home office Incorporate your business Re-structure health insurance and medical costs as business expenses

Finesse Tax Accounting, LLC

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2035 2nd St. NW Suite G-102 Washington, DC 20001 Office: 240.417.7234 Mobile: 202.664.2490 Fax: 240.559.0990 Email: finessetax@gmail.com Website: www.finessetax.com

Real Estate Agent/Broker Tax Deductions

Operating & Administrative Expenses Bank Charges Clerical & Virtual Assistant Staff & Colleague Meetings Courier & Delivery Service Desk & Office Rent Film & Photography Keys & Locksmith Services SentriLock & Supra Lock Boxes Maps, Books & Research Materials General Office Expenses Payroll Processing Fees Payroll & Unemployment Taxes Employee Benefit Programs Photocopying & Printing Postage Equipment Rental & Lease Repairs Signs & Banners Sign Installation &...