Don’t Forget Your 1099!

Posted on January 22, 2015 by

Have you paid (or earned) a cooperative commission in the last year? Then you’ll need to complete Form 1099-MISC in the coming weeks. Commissions over $600 paid to non employees warrant the need to for the 1099. Not sure who needs to file? Here is more information via NAR: IRS Requires Reporting of Cooperative Commissions […]

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FIRPTA Applies To Foreign Sellers

Posted on October 31, 2014 by

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Is Your Tax Deduction Lacking “Economic Substance”?

Posted on March 3, 2014 by

Recently, social media sites frequented by Arizona real estate licensees have been abuzz over the IRS’s ability to disallow certain tax deductions on the basis that they lack “economic substance.” Because the deduction of business expenses is important to REALTORS®, AAR asked Tax Accountant Eric Viavattene of Dobbins Wealth Management to shed light on this […]

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Tax Tips Every REALTOR® Should Know

Posted on February 4, 2014 by Bethany Brannan

Being that it’s only February, April 15 seems like a long way away. But, it’ll be here before you know it. AAR interviewed Scottsdale CPA and “tax goddess” Shauna Wekherlien to get some tips for making sure your taxes are filed as smoothly as possible. Tip No. 1: Get Organized According to Wekherlien, one of […]

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