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It's Tax Time! (04.03.08)

As a common practice, property managers do not and should not give tax advice to customers or clients unless properly licensed, trained and proficient on the subject to do so. However, while property managers are not lawyers or accountants, it is important to know the tax laws that impact our business and our clients. This is especially important for those who are a student or practitioner of investor property brokerage, or buy and sell on their own account.

Click here to visit Bankrate.com for a tax tip that discusses capital gains tax. This website has many other valuable tools and resources which you may have interest in reviewing as well. Further information on tax publications and forms is available at www.irs.gov and at your local and state tax departments.