Where you can find free tax advice for your business
03/03/2015 | Author: Editorial Staff
Filling out tax forms can be confusing. While you should consult a tax expert for advice, the Internal Revenue Service offers a wealth of free information that can help you with your business taxes. Here’s a sample of what’s available on the IRS's website:
- Real Estate Tax Center: Primary page to navigate to all real estate-related information.
- Avoiding Problems – Real Estate: Get tips for better recordkeeping and advice for what to do if you receive a notice from the IRS, such as a letter about your tax return.
- Licensed Real Estate Agents – Real Estate Tax Tips: Explains what makes someone a statutory nonemployee.
- Audit Technique Guides – Real Estate: See the guides IRS employees conducting audits use related to passive activity losses and the rehabilitation tax credit.
- Tax Tips – Real Estate: Advice related to real estate-related deductions, environmental cleanup costs, involuntary conversions, commercial property owners and leaseholders energy-efficiency tax deductions, and more. Your clients may also benefit from information on this page.
- Tips on Rental Real Estate Income, Deductions and Recordkeeping: Outlines what those who own rental real estate need to know about federal tax responsibility, and might be especially useful for your clients who rent out property.
- Reporting and Paying Tax on U.S. Real Property Interests: Help on how to comply with the Foreign Investment of Real Property Tax Act of 1980 (FIRPTA) income tax withholding.
For other tax-related issues, try the IRS's Interactive Tax Assistant (ITA). This catalog of frequently asked questions covers the Affordable Care Act, general filing questions, deductions, credits, and income.
The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.
While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.