DESCRIPTION: Taxes are a reality and it is often said it isn’t about what you make, but about what you keep. Knowing the
Taxes are a reality and it is often said it isn’t about what you make, but about what you keep. Knowing the questions to ask the tax professionals can make a huge difference in tax dollars paid versus tax dollars saved. Most real estate licensees are independent contractors, a status that is ultimately determined by the IRS. Licensees need to be aware of the benefits and pitfalls of independent contractor status—especially as they apply to taxation. Client’s need to be made aware of the tax implications as they relate to a transaction. This course discusses taxes related to a real estate licensee’s business and how this interacts with the client’s transaction. The purpose of this course is to make licensees aware of parts of the tax code that affect the licensee’s business and the interaction with client and customer relations. Upon completion of this module, participants will be able to accomplish the following:
• Choose a proficient tax preparer.
• Apply allowable deductions against commission to reduce tax liability
• Calculate taxable income for an independent contractor
• Apply methods to calculate automobile deductions Classify allowable expenses.
INSTRUCTOR: Mike Moger
Mike Moger has been listing and selling real estate for over 40 years, the last twenty-four along the Front Range region of Colorado. In 2016, Mike attained the REALTOR® Emeritus Status from NAR, recognizing 40 years as a REALTOR®. Specializing in residential homes and investments, he has represented sellers and buyers of real estate in all price ranges, mostly in the eastern half of the state from Colorado Springs to Fort Collins and into the mountains.
CE Credits:4 hours CE
SMART Points: 4 Points
SMDRA Member Price: $50
All Others: $50
Refreshments Provided By SMDRA Business Partner:
Karen Hyman with 2-10 Home Buyers Warranty
(Wednesday) 9:00 am - 1:00 pm MST
South Metro Denver REALTOR Association - Racine
6436 South Racine Circle