David Ramirez's (taxrelief808) Blog

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Services for Real Estate Pros - Tax Relief Services
RECENT BLOG POSTS
Missing or incorrect form W-2 or 1099, what to do?  What To Do When You Don't Get Your W2 or it’s wrong🙀‼️Have you ever been expecting your W-2 and it never arrives? This can be a scary feeling, and it's important to know what your next steps should be in this situation. Here are some tips you sh...
02/12/2024
It’s Tax Time! Choose a Tax Preparer Wisely my Friend!Not all Tax Preparers are actually Tax Professionals!Talk is cheap, don’t believe everything your told! Trust, but always verify!What kind of tax preparer do I need?Believe it or not, you don’t need any qualifications to prepare taxes or to ca...
02/08/2024
IMPORTANT TAX TERMS TO KNOW FOR THE REAL ESTATE BUSINESS  By IRS definition, rental real estate is a passive activity. Rental real estate may have limited losses unless one of the exceptions applies.In addition, you do not need to be a licensed real estate agent or broker to qualify as a Real Est...
11/19/2023
Are you a Real Estate Owner or Real Estate Investor?You Need to Know and Understanding Cost Segregation and How it Benefits Real Estate InvestorsOwning a property, let alone investing in one is no easy feat. It takes considerable amounts of time, effort, and resources. However, what if we told yo...
09/28/2023
AFFECTED BY THE MAUI WILDFIRES OR IDALIA OR OTHER NATURAL DISASTERSReconstructing Records for IRS After a Natural Disaster or Casualty Loss  TAX RECORDS Get free return transcripts immediately by visiting the Get Transcript tool on IRS.gov. To order transcripts by phone, call 800-908-9946 and fol...
09/08/2023
As a real estate agent, navigating the complex world of taxes can be overwhelming. Yet, understanding tax deductions can be a game-changer for your financial health. These deductions are legal ways to reduce your taxable income, thereby lowering the amount you owe in taxes. In this blog, we'll ex...
08/31/2023
Planning on taking a trip overseas?If you owe back taxes you may not be going! Understanding the IRS debt and Passport Certification Process By law (Internal Revenue Code Section 7345), the IRS will certify taxpayers with seriously delinquent tax debts to the State Department for specific actions...
08/04/2023
For the Love 😍 of MoneyDon’t lose your Money 💵🙀🛑To the IRS If you fail to file and claim your refund with in 3 years or 2 years from when paid you May end up losing your refund There are some exceptions, one major one is due to “Financial Disability”. The IRS defines financial disability IRC 6511...
05/07/2023
QUICK TIP TAX TIP EXTENSION BASICS2022 Tax ReturnCommon Reasons to File an Extension       Haven’t received all of your tax documents       Don’t want to feel rushed        Still need to organize your business expenses        Unexpected life, Shxt Happens Purpose of ExtensionTo obtain additional ...
03/30/2023
How to stay clear of shady tax preparersTips on carefully choosing tax professionalsHow to avoid unscrupulous tax return preparers and how to find the right tax professional. People should be careful of shady tax professionals and watch for common warning signs, including charging a fee based on ...
03/27/2023
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