Business Mileage Rates Increased

Posted by: Carleton Sheets in Taxes, Mileage Rate Increase, Business on Nov 16, 2008.

Sometimes it's difficult to keep on top of legislation changes regarding real estate. For instance, are you aware that the IRS boosted mileage rates for those who deduct the expense of a vehicle used for business-related purposes from 50.5 cents a mile to 58.5 cents effective July 1, 2008 through December 31, 2008? If this applies to you, it could mean less taxes owed to Uncle Sam.

The hike in

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Do Business Where You Live

Posted by: Carleton Sheets in Success, Business on Jun 15, 2008.

Every time I hear someone say "home grown," or "best grown in fertile soil," somehow my thoughts turn to investing in real estate. As an investor, it reminds me to grow and prosper in my own area. I have long maintained that it usually makes the most sense to invest in nearby areas. 

Practically speaking, it just makes life easier. There are many reasons for this---among them, the best use of

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Reassess Real Estate Tax Strategies

Posted by: Carleton Sheets in Taxes, Business on May 14, 2008.

The 2007 tax season has ended, making today the perfect time to reassess your real estate investing tax strategy for 2008. While "the good, the bad, and perhaps ugly" of last year's returns are still fresh in your mind, analyze last year's strategies to discover what worked and what didn't.

Which strategies helped to reduce your taxes? Are there heavy tax burdens that you can lessen or

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