202: Taxes & The Real Estate Professional FL GRI

Course Rating:  4.3 of 5 stars (9 votes) 4.3

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.

This course discusses taxes related to a real estate licensee’s business. The purpose of this course is to make licensees aware of parts of the tax code that affect the licensee’s business.

Upon completion of this course, 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 business expenses.

The course includes numerous exercises and is completed with a final exam.