It has been a while since my last post. For the past dozen or so years I have been spending the better part of the first 4 months of the year preparing income taxes professionally. My blogging time is the area of my commercial real estate business that ends up being sacrificed the most during that time of year.
Many of my clients are landlords and real estate investors, I have noticed significant growth in recent years as more and more people have decided to capitalize on the depressed Real estate market in recent years in Arizona.
In any event, unlike my returning landlord and real estate investor clients, many of these new real estate investors seem to be unprepared when tax time comes around. Many have no idea what deductions they can and cannot claim on their income tax return.
This is unfortunate and unnecessary as I know many income tax professionals that would be more than happy to offer a free ( in many cases) consultation for these new landlords and real estate investors.
I would strongly suggest scheduling your consultation sometime other than between the months of January and April 15th.
This information is for informational purpose and not intended to be investment advise, and should be explained to you in detail. You should always feel free to consult an attorney and/or tax adviser to obtain further information you deem necessary. I want you to be prepared