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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 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 write off off land and fully depreciated assets on your tax return.
Any first semester accountant will tell you that you canÂ’t depreciate land. ItÂ’s in all the booksÂ… land lasts forever. How are you going to deduct the cost of the land over infinity? It canÂ’t be done.
Any first semester accountant will also tell you that you canÂ’t depreciate any asset that has been completely written off. When itÂ’s gone, itÂ’s gone. This can be especially a problem for you if a significant portion of your real estate investment is in furniture and equipment that is depreciated over a much shorter life than your building.
Mr. King says, “Why not do just one small thing to increase the depreciation for land, furniture and equipment 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 dramatically increase the amount of depreciation you can take on your home, if you decide to rent it out.
• 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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