Taxes and insurance aren’t something most of us would choose to spend much time reading about, but they are very important.
The courts often see the landlord as being all-powerful if not greedy and mean, and these lawsuit-happy times, it’s important to have the right insurance coverage.
That’s not to speak of the insurance you’ll want to have in place to help you recover in the event of a disaster that might harm your property.
Lessons In This Module
- Module 12 – Introduction
- Why You Need Insurance, Liability Insurance & Selecting Your Level of Coverage
- Common Forms of Insurance Coverage, Special Forms of Insurance, Co-Insurance
- Select an Insurance Company
- Renter’s Insurance
- Things You Can Do to Protect Yourself & Incident Report Forms
- Income Taxes, Active Versus Passive Activity, Property Taxes & Estimated Tax Payments
- Deductible Expenses, Depreciation, Tax Responsibilities for Employers & 1031 (Starker) Exchanges
- Next Steps & Action Items
Resources
You may need to right-click the following links and select Save Link As to download the file to your computer
Document Description Download / Link
Wikipedia Article on 1031 Exchanges Click Here
IRS Form 1099 Instructions Check this if you have independent contractors or un-incorporated vendors working for you. Click Here
EITC Resources on IRS.Gov Click Here
Premises Liability on Wikipedia Click Here
Premises Liability Law on ExpertLaw.com Click Here
Insurance for Landlords at Lawyers.com Click Here
NFIP at FEMA Information on the National Flood Insurance Program on FEMA's web site Click Here
NFIP relevant to MHP Click Here
Small Business Resources from the Internal Revenue Service (IRS) Click Here
IRS Small Business Virtual Tax Workshop Good course if you want to understand IRS rules for small business operations. Click Here
IRS Standard Mileage Rates Mileage rates for your deductible mileage Click Here
US Citizenship and Immigration Services Employment forms and checks related to citizenship Click Here
Social Security Administration Resources for Employers W-2 Filing Instructions and Information Click Here
Property Taxes on Wikipedia Click Here