If a taxpayer can manage their Adjusted Gross Income (AGI) in 2021 to stay below $150,000 (or $75,000, if single), the tax savings related to even small reductions in AGI can be incredible. Here are just a few options for reducing AGI: Maximize contributions to a Section 401(k) plan, reducing wage income. Employees can contribute […]
Remote Workers’ Trickier Taxes
As employees prepare to file their 2020 taxes, they may find themselves stuck in a battle among states, with billions of dollars at stake. Because a significant number of Americans worked at home during the pandemic, states may make competing claims to their paychecks. The rules are complex and vary across the country. In some states, […]
IRS: Steps for Filing in 2021
The Internal Revenue Service encouraged taxpayers to take necessary actions in the final weeks of the year to help file federal tax returns timely and accurately in 2021. A special page, updated and available on IRS.gov, outlines steps taxpayers can take now to make tax filing easier in 2021. This year, there are some key […]
Ready to File? Tax Info From IRS
Ready to file your tax return and claim a refund? You don’t have to wait until the new July 15 IRS deadline to file. Electronic filing options are available, and you can get your refund faster with e-file combined with direct deposit: www.irs.gov/efile IRS LIVE STREAM – Don’t forget an IRS representative will be answering […]
Tax Filing, Payments Deferred
Treasury Secretary Steven T. Mnuchin announced via Twitter on Friday that taxpayers now have until July 15 to file their tax returns. “We are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties,” he wrote. Earlier in […]
8 Common Tax Mistakes Agents Make
To help agents successfully navigate a way to pay as little tax as possible with the fast-approaching April 17 tax-filing deadline, CVAR is sharing Inman News’ list of the most common tax mistakes real estate professionals make. If you’ve already filed your taxes (yay!), put the advice into practice now for next year. Being […]
Why Are Californians Fleeing?
Housing is the main reason people are leaving California, according to a Los Angeles research firm. “Lower income Californians are the ones who are leaving, not higher income,” based on the U.S. Census Bureau’s American Community Survey data, said Christopher Thornberg, founding partner of the Los Angeles research and consulting firm Beacon Economics. But […]
April 3 CVAR At A Glance
Featured Classes and Events April 3 | CRMLS Training April 4 | Rev Up w/ Reverse Mortgage April 5 | RLA/BRE Contracts – East April 5 | REALTOR® Safety April 6 | MLS Forum – Free April 7 | Photography for REALTORS® – Free April 7 | RPR Workshop – Free See Who Got REvived! […]
March 27 CVAR At A Glance
Featured Classes and Events March 27 | Notary Masters March 30 | Real Estate REVive April 3 | CRMLS Training April 4 | Rev Up w/ Reverse Mtg April 5 | RLA/BRE Contracts – East April 5 | REALTOR® Safety April 6 | MLS Forum – Free Ready for REvive? In the spotlight at the […]
Feb. 21 CVAR At A Glance
Featured Classes and Events Feb. 23 | Create Landing Pages – CVAR West – Free Feb. 24 | Commercial Investment Properties (See video above) Feb. 27 | CRMLS Training – CVAR West – Free Feb. 27 | How to Create Landing Pages – CVAR HQ March 2 | Tech Forum – ShowingTime for MLS – […]