How to get the most of real estate agent tax deductions for ...

In the world of real estate, travel is paramount. According to Carole Liszak, an Indianapolis realtor of over 25 years service, ?If you?re not on the road, you?re not making money.? Unfortunately, time spent on the road can become costly for the realtor that fails to successfully claim real estate agent tax deductions.

The government currently offers real estate agents a tax deduction at a rate of $0.51 for every business-related mile traveled. Unfortunately, many realtors fail to successfully maximize these real estate agent tax deductions due to gaping holes and inaccuracies in their records. This is because balancing clients and travel while keeping accurate logs of business mileage is a near impossibility.

A Better Way

In 2002, CarCheckup introduced a new device capable of providing drivers with detailed trip information including driving style, miles traveled, and codes for vehicle engine lights. Almost 10 years later, realtors just like Carole Liszak are using CarCheckup to maximize their mileage-related real estate agent tax deductions.

?Before CarCheckup I had to keep all my receipts and hand-write my business mile logs, which is a tedious task that?s easy to neglect,? Liszak offered. ?CarCheckup makes mileage tracking as simple as plugging the device in once a week?It couldn?t be simpler!?

How it Works

Unlike heavy paper logs, the CarCheckup device is small, easy to carry, and doesn?t require any more space than a cell-phone. It?s ready to use straight out of the box and simply plugs into the diagnostic port of any vehicle built since 1996. Once connected, CarCheckup logs the intricate details of every trip a realtor makes. To access the information CarCheckup logs, realtors have simply to connect the device to an Internet-capable PC using the self-contained USB arm of the CarCheckup device. No discs or cables are necessary. All information is available to realtors via their online CarCheckup account.

Maximizing Real Estate Agent Tax Deductions for Mileage

With CarCheckup, realtors can focus on the business of their clients, knowing that CarCheckup is tracking all business-related mileage with the accuracy and detail necessary to maximize mileage-related real estate agent tax deductions.Consider the benefits:

• - Accurate and tangible records of exact time, date, and mileage of every business trip.
• - Designated categories to better organize trip data for real estate agent tax deductions.
• - The ability to add greater detail to CarCheckup?s already accurate information, increasing the odds of successfully claiming real estate agent tax deductions.
• - Information is customizable allowing realtors to accurately provide the information most relevant to claiming real estate agent tax deductions.
• - Printable reports that are also available for direct download into the Microsoft Excel program.

Maximum Efficiency

Thanks to CarCheckup, realtors no longer have to choose between focusing attention on clients and shortchanging themselves in terms of mileage-related real estate agent tax deductions. As a result, a burden is lifted from agents, clients are better served, and mileage-related real estate agent tax deductions are maximized thanks to CarCheckup?s accurate record keeping capabilities. As Indianapolis realtor Carole Liszak would tell you, CarCheckup ?improves the bottom line of your business.?

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Tags: deduction, mileage, real estate, real estate agent tax deductions, realtor, Track Business Mileage

This entry was posted on Wednesday, June 8th, 2011 at 10:00 pm and is filed under Business News. You can follow any responses to this entry through the RSS 2.0 feed.You can leave a response, or trackback from your own site.

Source: http://www.carcheckup.com/blogs/how-to-get-the-most-of-real-estate-agent-tax-deductions-for-mileage

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