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Real Estate News Releases
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(EMAILWIRE.COM, April 14, 2010 ) Detroit, MI -- On April 20, 2010, Mr. Ed King MBA, CPA and Director of Small Business Services at Wayne State University for the last 30 years will be presenting a free webinar, “How to Run a Profitable Real Estate Business During a Recession.” He will be talking about many of the strategies he learned while consulting with Fortune 500 companies and how to apply those strategies to the real estate business.
He will discuss the 10 most common problems in running a real estate business and their solutions. Mr. King will provide many tax tips including how to dramatically dramatically increase the amount of depreciation you can take on your home, if you decide to rent it out.
Many older people decide at certain time in their life, maybe after the kids move out and they are tired of all the maintenance, to sell their large home.
In this economy, it maybe very hard to sell a large home at a reasonable price.
The alternative? They can rent it out.
The problem with renting a home out is that rental income is taxable income on Schedule E of the I.R.S. Form 1040. Sure, you can deduct the usual expenses such as property taxes, insurance, maintenance, utilities, and depreciation. But, if home was purchased many years ago, the cost of the home (as compared to the current value of the home) will be very small. Then, he or she will have to depreciate it over 27.5 years. The resulting depreciation will be very low and therefore the taxable income will be very high.
Mr. King says, “Why not do just one small thing to increase the depreciation and wipe out any taxable income? He says, “It is simple once you know the facts.”
He will also discuss:
• How an LLC can cost you an additional $4,500 a year in federal taxes.
• An easy way to get around the $25,000 passive loss limitation.
• How to pay for your children’s college education, automobile, and weddings in before-tax dollars.
• How to write off land and fully depreciated assets on your tax return.
• And, much, much more.
Mr. King will be interviewed by Mark Maupin, one of the leading real estate gurus in the Detroit area. If youÂ’d like to listen to this free webinar, register at http://megaeveningevent.com/real-estate-event-details.php?id=284
Contact:
Mark Maupin
248-939-6232
This press release was submitted by Right Now Marketing Group, LLC
National Real Estate Network, LLC
Mark Maupin
248-939-6232
maupin.mark@gmail.com 
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