YEAR END STUFF Archives

62 min Video

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Your 7 MUST Year End Things To Do In Your Business BEFORE End Of Tax Year.

 The BIG PICTURE – Carefully Review Your QB REPORTS FIRST and Make adjustments BEFORE reviewing this year’s performance and set new goals for next year, including Tenants, Loan Customers, and Property Management

URGENT – To Capture EVERY PENNY in Tax Deductions

– You MUST do this BEFORE midnight Dec 31

 How to determine your REAL Taxable Income in 3 minutes or less using Fred Flintstone’s 3 finger calculator (depreciation)

 “Unclassified” Report is magic for you

STEP 1 – Transforming Your CASH FLOW Report into a TAX SUMMARY Report

 1099s, 1098s, 1096s, 1097s, – All made brain-dead simple

 Balance Sheet – What is it and How to Use It Right Now for YOUR BENEFIT

 Capitalized Expenses – this monkey throws a big wrench in at tax time for most investors. See how to tame this monkey and maximize your tax benefit

 Principal Paydowns – done the simple way – how to make this process simple and easy along with the explaining the IRS new red flag of mortgage interest vs. interest.

 

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Happy New Year!

Yes, I know the new year is here already, but this 33 min video gives you HUGE jump for Tax Time Now.

Stay Tuned for the 7 Simple Steps to Make Your QuickBooks Pro Ready for Tax Time

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Question from Michael J.

I just got your program in December.

I have 15 units.
– 2 single dwellings,
– 2 duplexes,
– 1 4plex,
– Victorian with 5 units.

I currently use Excel documents to keep track of stuff. tax season is not fun for me or my CPA.

 I agree, this will make your tax time a breeze.. the hardest part is your transition and getting all set up properly

Would it make sense for me to input this year’s stuff from January to December.
– of course for 2017, but I assume you mean for 2016? Click to Access Video or Read More

Everyone in business must keep records. Among other things, good records will help a business prepare the business tax returns, and will support items reported on tax returns. Taxpayers also must keep their business records available for inspection by the IRS.

In order to claim any deduction, a business owner, like any taxpayer, must prove two things: Click to Access Video or Read More

Hey Mike,

Thanks for getting me everything with The Investor Books PRO System with Tenant Tracking. I have already started playing around with InvestorBooks and think it will address my needs quite well. Today, I was successful at setting up each one of my properties as fixed assets as well as mortgages, escrows and some bank accounts according to the manual. So progress!

I was wondering what the best way was to ask questions. Right now, I have few questions.

1) On page 128 of the InvestorBooks manual, it has instructions on how to adjust the register for the mortgage to record principal reductions at year end. Everything makes sense except it indicates that one should remember to enter the class (i,e property) in the register at the bottom of page 128. Problem is —the register does not have a field for “class”. I called Quickbooks support and they told me that there was no way to get a field in the register for “class”. The way the sample report in the manual shows mortgage payments is broken down by principal and interest. This suggests that there must be a way to insert a “class” field in the register. I was wondering whether you might have some insight into how I can get “class” as a field in the register.

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Year End Escrow Analysis

your money held by lender
to pay property taxes, insurance, and/or HOA fees

also includes changing your monthly payment if needed

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How to add 5 years of tax time reports in 5 minutes or less.

QuickBooksForInvestors.com