Tax Planning for Real Estate Professionals

I believe that a jack of all trades is truly a master of none, and while I love helping business owners from a variety of industries, I have chosen to focus the bulk of my tax planning work on real estate professionals. As a real estate professional you face a number of unique challenges that make financial planning and savvy tax choices a necessity to ensure your financial success.

Your industry is effected by the economy (both nationwide and locally), the seasons and even the school calendar. None of which coincide with Uncle Sam’s tax schedule. But the great news is, with some proactive tax planning, you can take advantage of the natural ebbs and flows in your business and make those cycles work for you.

Tax planning for real estate professionals

Tax planning for real estate professionals involves a number of specific considerations that may not come up for other professionals.

Rather than getting paid a consistent amount every month, your paychecks come in huge chunks, which can make strategic decision making a challenge. We will look at your typical quarterly and annual income as well as how you are receiving that income and will determine if there are ways to even those peaks and valleys out (from an accounting prospective) to make taxes easier to predict and handle.

As a real estate professional you face a number of unique challenges that make financial planning and savvy tax choices a necessity to ensure your financial success.

Your industry is effected by the economy (both nationwide and locally), the seasons and even the school calendar. None of which coincide with Uncle Sam’s tax schedule. However, the great news is, with some proactive tax planning, you can take advantage of the natural ebbs and flows in your business and make those cycles work for you.

How does tax planning improve my tax situation?

Rather than simply calculating the taxes you owe, tax planning allows you to be strategic and proactive in your approach to taxes. We will talk about your personal and financial goals, examine your previous tax returns and look for opportunities for savings. We may be able to amend previous returns to get you money back if you overpaid on your previous taxes and we will be sure that you never overpay again.

What is the tax planning process?

The first step in tax planning is having a conversation. In order to make our work together as successful as possible, I need to know where you are (personally and professionally) and were you want to go. Once that is established, we may talk about forming different business entities, changing the way your business is taxed and maximizing deductions you might be missing.   

Learning about tax planning

If you are ready to learn more about how tax planning could help you, as a real estate professional, save money on taxes, I am here to help. I offer free one-on-one consultations to explore if tax planning is a good fit for you. I also offer educational seminars (link to page) for real estate professionals if your colleagues could benefit from learning some simple tax saving tips.

Contact me today to learn how you could be saving thousands on your taxes each year.