NAR's Center for Realtor® Financial Wellness Tax Sessions

Filing taxes as an independent contractor can cause a lot of anxiety – whether it’s managing tax documents or keeping up with constant tax law changes. The Center for Realtor® Financial Wellness is here to help members prepare for tax season with the upcoming Tax Summit, a four-part webinar series taking place in February.

Registration is $50 for NAR members and includes the following:

  • Access all four tax sessions geared toward independent contractors (sessions not sold separately)
  • Copy of session materials
  • Additional handouts provided on the exclusive post-session materials page
REGISTER TODAY

Session Overview

February 2nd, 2022 – Tax Considerations for the Newly Self-Employed
2 pm – 3 pm ET

Congratulations! You’re finally working for yourself. Now, what does that mean for your tax situation? It’s important to get off on the right foot to avoid any unpleasant tax surprises related to your new status. We’ll look at issues like: 

  • Do I really have to pay estimated taxes? When and how and how much?
  • What is self-employment tax?
  • What forms do I file for an S-Corp vs. an LLC vs. a Sole Proprietorship?
  • What business expenses are tax-deductible?
  • How can I keep track of all that?

Presenter: Heather C. Liston, CFP®, E.A.

February 9th, 2022 – What to Do If You’ve Got IRS Trouble
2 pm – 3 pm ET

Taxes are complicated in the best of times, and the last couple of years have not been the best of times. Constant changes in the tax law, redesign of basic forms, and changes in enforcement priorities have left a lot of people with unexpected tax liabilities, not to mention fines, late fees, and interest. We’ll talk about how to get back on the right foot with tax withholding and reporting, and what to do if you find yourself at odds with the IRS.

  • How to avoid owing money: Estimated taxes, managing your withholding, and the importance of filing.
  • IRS errors: How to spot them; how to handle them.
  • What if it’s not your fault? Injured spouse and innocent spouse remedies.
  • Worst-case scenarios: liens, garnishments, and more.
  • Statutes of Limitations.
  • Mitigations: Appeals, payment plans, amended returns.

Presenter: Heather C. Liston, CFP®, E.A.

February 16th, 2022 – 2022 Small Business Advanced Tax Update>
2 pm – 3 pm ET

REALTORS® were given a huge tax gift when the 2017 Tax Cuts & Jobs Act was enacted. Congress and the current President are now looking to scale back some of those tax benefits to help pay for a new infrastructure program and expanded social programs. How will REALTORS® fair in the next major tax overhaul. Ryan Losi will walk you through these changes which at the time of this webinar could in fact have already been enacted. He’ll also spend some time discussing how you might plan for this upcoming tax season and into the future as part of this session. 

Presenter: Ryan L. Losi, CPA®

February 23rd, 2022 – Your Financial Golden Years: Taxes & Retirement
2 pm – 3 pm ET

Tax planning matters at every stage of your career, and that’s true even after you stop working. Will your tax bracket suddenly plummet? Or will it have spikes and valleys that you can manage strategically? We’ll talk about smoothing out your tax brackets during retirement, the Golden Planning Opportunity: ages 59.5 to 72, and questions like:

  • How is Social Security income taxed?
  • What if I relocate to a new state when I retire?
  • Do I have to pay tax on my pension?
  • What’s the deal with RMDs?
  • Should I do Roth conversions? 

Presenter: Heather C. Liston, CFP®, E.A.