Bill Zumwalt's (teamzumwalt) Blog

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Services for Real Estate Pros - William T. Zumwalt CPA, CTC "The Tax Coach for REALTORS"
RECENT BLOG POSTS
If you think you are missing deductions you are absolutely right. The best thing you can do is to look at your present list of expenses and see how they compare to last year. If you are down on the expense side see if there is some logical for this. If your revenue is up 10% then your total expen...
12/04/2013
Well how did you’all  fare thru the vast quantity of great food shared with family and   friends. Hope you all had a great Thanksgiving I know (burp) I did. Man, but what about all this shopping at insane hours of the night and early morning?  My dear Debbie and I have 15 grandchildren to buy for...
12/03/2013
When you became a real estate agent  the thought of selling may have been very scary. Fortunately, selling is a skill that you can learn. And Barbara Corcoran is as good a teacher as any. Barbara founded Corcoran Group Real Estate with a loan of $1,000 from her boyfriend. Barbara is currently an ...
12/03/2013
It's safe to say that people don't like paying taxes. America was born out of a tax rebellion, and Americans have resisted every variety of tax ever since. Some of them even go as far as renouncing their American citizenship to avoid the tax man. Expatriation sounds like an awfully big step just ...
12/02/2013
On a cold, rainy, and windy Saturday night in Coweta, Oklahoma ( that’s Co WE ta) the seventh grade  Indian Nations football championship was played. The teams competing for the championship were the Jenks Black squad and the Jenks Maroon team. This televised game was well attended by both teams ...
12/02/2013
The holidays are here, and millions of Americans kicked off the season with “Black Friday” shopping. Braving the crowds and the cold, facing scorn from family they’ve left behind, they line up at obscenely early hours (or duck out of Thanksgiving dinner before the pumpkin pie is even served) to s...
12/01/2013
We have been officially crowned number one in the nation. And it’s a good thing too.  Usually we are number listed as one of the most beautiful places to live or best place to buy a home due to great prices. You know, 2,500 square foot homes for $180,000. But this time it really means a savings t...
12/01/2013
The IRS allows you to have two employee gatherings each year. One can be a summer party and another a Holiday party. These parties will have 100% deductible meals as well. Please note that the key word here is Employee. So the normal scenario for a realtor would be to have as holiday party and th...
11/28/2013
I received an e-mail form the IRS with regard to the return to work and the problems they face due to the shutdown of their offices.  It says as follows: “At this point, we know we received a large amount of correspondence during the closure. We know there will be a substantial increase in demand...
11/28/2013
Normally, food and entertainment provided in your home as a part of a business discussion are only 50% deductible, as with the general rule for entertainment deductions. However, food served at a seminar or sales presentation would be an exception to this rule. These entertainment expenses are 10...
11/27/2013
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BillZumwalt

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