William's Blog...with a smile!

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Countdown to the end...tax deductions

The end is near!!!

No, I am not the doomsday person.

I am talking business.

Tomorrow is the last day you can add to your list of deductions.

First off you need to decide, "Do I need more deductions?"

If the answer is yes, then you need to decide what you need.

Major purchases add up fast, but o can the little things.

Copy papers, and ink.   Some pens and note pads.

Old style lock boxes for additional security.  (I use them for appraisers).

Don't delay, Not many hours left to get this done.

 

 

 

 

 

Comment balloon 13 commentsWilliam Feela • December 30 2016 10:02PM

Comments

Hi William Feela,

Hahahaha, love the picture!

Made that run yesterday and funded my IRA.

Happy New Year

Posted by Doug Dawes, Your Personal Realtor® (Keller Williams Realty - Topsfield, MA) 4 months ago

Hi William

Yes, it's that time again. I am adding a few more items in the expenses column today, but for the most part I should be all set.

Jeff

Posted by Jeff Dowler, The Southern California Relocation Dude - Carlsbad (Solutions Real Estate ) 4 months ago

I have a box where I toss most all my receipts that are business related during the year.  Then I find a rainy day after the beginning of the new year to ledger everything.

Posted by Myrl Jeffcoat, Greater Sacramento Real Estate Agent (GreatWest Realty) 4 months ago

We normally try to anticipate what we need and we coodinate with our CPA on what is reasonable. I hate last minute decisions.

Posted by Joe Pryor, REALTOR® - Oklahoma Investment Properties (The Virtual Real Estate Team) 4 months ago

Cute photo.  I have all the deductions I need, just need the income to offset them

Posted by Ed Silva, Central CT Real Estate Broker Serving all equally (RE/MAX Professionals, CT 203-206-0754 ) 4 months ago

thanks for the reminder !!!!! I am sure I need some deductions but I think i have time to do SEP or IRA ones as well Thanks GOODNESS !

Posted by Alison Creamer, Realtor,MRP,ABR, CDPE,IMSD,HamptonRoads (Keller Williams Elite) 4 months ago

Good morning William.  Don't need any more for this year.  However, in 2017 I plan on making a few major purchases that are well overdue.

Posted by James Dray, Exceptional Agents, Outstanding Results (Fathom Realty AR LLC) 4 months ago

Good morning William. I think your reminder is appropriate. I love the photo though. Happy New Year.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) 4 months ago

This apply's to all professions.   If you feel the need do it today.

Posted by Vern Eaton, Realtor 651-674-7449 4 months ago

Great reminder, William Feela!  Here's to a wonderful 2017 for you! 

Posted by Debe Maxwell, CRS, Charlotte Homes for Sale - Charlotte Neighborhoods (www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310) 4 months ago

I have added nothing this week to the deductions and only added to the income. The tax man cometh. Have a Happy New Year.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Berkshire Hathaway HomeServices PenFed Realty, Your Clarksville Real Estate Professional) 4 months ago

William

The IRS deduction clock resets itself at 12:00 midnight today.

Good luck and success.

Lou Ludwig

Posted by Lou Ludwig, Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC (Ludwig & Associates) 4 months ago

Cute cartoon Bill.  I am looking forward to having more need of deductions in the new year.

Posted by Bob Crane, Forestland Experts! 715-204-9671 (Woodland Management Service) 4 months ago

Participate