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Bob is always looking for news about Katy Texas and the surrounding areas. Please e-mail me at bobgilbert2003@msn.com with any news you may feel needs a forum!
Good Tax News for Realtor in Katy Texas and whole United States
Good Tax News for Realtor in Katy Texas and whole United States as the Internal revenue Service (IRS) recently released new standard mileage rates for business usage. Effective July 1, 2011, the mileage allowance for business vehicle use will be 55 cents per mile which is an increase from the 50.5 cents per mile that was in effect for the first 6 months of 2011.The IRS indicated that it would release the 2012 rates during the fall of 2011. The IRS also back dates some of their pronouncements so we will all need to pay attention as the year goes on. This increase occurred even though gas prices in most markets have fallen off from spring time highs.

This is excellent news for all realtor's in Katy, Texas and all across this great nation. The general public has a very distorted sense about incomes from homes for sale and homes for rent earned by realtor’s and think all realtor's are rich. As all of in the business know we have to pay all of your own expenses of using our automobiles including insurance, gas, required maintenance, major repairs, tolls, car washing, etc. There is no reimbursement by a company of any size of the automobile expenses. Please think of this fact the next time you and your family on a whim want to send someone 45 miles out in the middle of no where to view a foreclosure you will never buy!!!

If you have any questions about homes for sale or homes for rent
in the Katy, Sugar Land or surrounding areas or other questions
contact me at bobgilbert2003@msn.com or visit us on the web at
www.katyhomefinder.com Katy TX Real Estate Expert
Read my blog at http://bobgilbertblog.com
Bob, Realtor, CPA AND MBA

Published Sunday, July 10, 2011 4:49 PM by Bob Gilbert

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