Posted by Rob FL on April 21, 2000 at 09:54:21:
Actually thank your congressmen. They are the ones who make all the wonderful tax laws. The IRS is just collecting the tax.
As for tax write-offs, everything legitimate can get written off. Home office in many instances, computers, fax machines, phone lines, newspaper subscriptions, internet services, mileage on your car, etc. Be aggressive in your deductions.
Also, don’t knock the “landlording thing.” It often gets a bad rap and I think that is mainly because landlords don’t know how to manage their properties properly. I have taken many classes on property management and subscribe to Mr. Landlord’s monthly newsletter. Great tools. If it wasn’t for our rental income that shows up during the first week of every month in our mailbox, my wife might still be working a JOB.