Episode 76: Tax Tips for Realtors – How to Manage Finances and Reduce Tax Stress
In this highly requested episode, Alyssa and Katy sit down with CPA and tax strategist Karen Bahn to demystify the tax side of real estate. Karen specializes in working with realtors and breaks down everything from entity structure to deductions, bookkeeping habits, and quarterly taxes.
Inside the episode:
- Why new agents struggle with taxes
- The importance of a separate business bank account and credit card
- When to transition from sole proprietor to S Corporation
- How S Corps save on self-employment taxes
- Payroll requirements and "reasonable salary" rules
- Top realtor deductions (marketing, mileage, home office, meals, software, and more)
- How to set aside money for quarterly taxes
- Lease vs. buy: what realtors should know about vehicle deductions
- How tax laws evolve and why most changes take time to implement
- Why hiring a CPA and bookkeeper reduces stress and increases accuracy
Resources:
Hustle Humbly: https://hustlehumblypodcast.com
Rate the Podcast: https://ratethispodcast.com/hustlehumbly
Karen on Instagram: https://instagram.com/karen.bahn
Karen's Email: karen@bahncpa.com
Free Trello Training: https://youtu.be/IUMVbF0X5II
Music Credits:
"Straight A's" by Connor Price → https://connorprice.shop/
"The Good Life" by Summer Kennedy → https://soundcloud.com/summerkennedy/the-good-life
"Be The One" by Matrika → https://uppbeat.io/t/matrika/be-the-one
