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Hi. Do you want to get original, informative, grammatically correct, native English style articles that could grab the attention of your readers immediately as soon as they start visiting your website? If yes then look no further and talk to me! Sample paragraph Tax for Real Estate Agents There are several things you have to do to ensure that you comply with your tax obligations when you are a real estate agent. As a business person, you get to take advantage of several deductions, which can go a long ways towards reducing your liability. You also need to be sure to file your quarterly business taxes. Read on to learn more about both. The IRS typically classifies you as self-employed when you are a real estate agent. You have two taxes you need to take care of – a federal earnings tax, and a self-employment tax. Once a quarter, you need to make a payment towards your tax obligations if you will end up with a total tax liability greater than $1,000. You will have to make these payments once a quarter instead of waiting until the end of the year. If you pay at the end of the year, the IRS will assess both interest and late payment penalties. To make each of your payments, you will need to estimate how much your commission income will be for the year, and how much your business expenses will be. Subtract your expenses from your income – this will be your net income. Your self-employment tax rate is 15.3%. Multiply this by your net income, ....contd..

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