Black Belt Tax Seminars
NEW: #3 – REI tax returns: Avoiding IRS problems
2 DVDs – 4 hours. Introductory-to-Intermediate level
Disk 1: Tax returns for beginner investors
Disk 2: IRS audit flags on REI tax returns
Disk 1 – Tax returns for beginner investors
On April 15, just go online and enter all the numbers. Simple, right? Wrong! It may work if your tax issues are as simple as a regular W2 job and a mortgage on your house. Not when you’re a real estate investor!
And why is that? For starters, you have to choose between two different forms: Schedule E for landlords (buy-and-hold properties) and Schedule C for everybody else.
Both forms have their unique quirks, and it is particularly important when you’re a brand new investor.
We review how four most common scenarios are reported to the IRS:
- Wholesaling
- Flipping when a property has been sold
- Flipping when a property has not been sold
- Renting
Excellent overview of the complex income tax process for new investors
Cliff Bolton
Enlightening experience! Breadth of knowledge conveyed in a very clear and concise way.
Ben Hadden
However, choosing the right form and reporting the right numbers is only a start!
Disk 2 – IRS audit flags on REI tax returns
The IRS expects you to follow their ridiculous rules – hundreds of pages of rules. Do you know what they’re looking for and how they pick their victims for an audit?
Sadly, most CPAs don’t understand it, either. Result? Thousands of dollars in missed tax deductions, overlooked opportunities and – yes! – the dreaded IRS audits.
You will learn Michael’s unique insider’s secrets that you simply cannot learn anywhere else: how to avoid 20 of the most common IRS audit flags.
Innocent mistakes, as simple as reporting mortgage interest on the wrong line, can trigger an IRS audit that will take weeks if not months of hassle!
Top notch presentation – humor, speed and content – a home run!
David Ross
Each disk is under 2 hours, packed with expert advice and practical tips that can save you from major trouble! Learn how to keep the IRS out of your business and out of your pocket!
Your $297 investments will save you from costly mistakes on your tax returns and possibly from the nightmare of an IRS audit. Let the IRS harass someone else!
BETTER VALUE: All 3 “Black Belt Taxation” seminars for the price of two: $697 – one seminar FREE!
BEST VALUE: Entire library – all 11 seminars for the price of seven: $2,497 – FOUR seminars FREE!