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Legislation, Licensing, Ethics & Legal Issues for Inspectors Use this forum to discuss current and proposed legislation on home inspector licensing, and other legal issues affecting home inspectors. Inspectors from all associations welcome.

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Old 12/22/18, 8:48 PM
Nick Gromicko, CMI's Avatar
Nick Gromicko, CMI Nick Gromicko, CMI is online now
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Join Date: Aug 2002
Location: Nederland, Colorado
Posts: 64,061
Default What inspectors can still do before the end of the year to reduce their 2018 taxes.

1. Delay inspection business income until 2019. Don't ask any of your clients to pre-pay, pay on-site, or pay upon receipt of the inspection report by credit card or PayPal before the end of the year. Send them an invoice instead.

2. Don't cash or deposit any payments for inspections until after the first of the year. Hold onto those checks until 2019.

3. Pay your InterNACHI membership dues now. Your professional association dues are 100% deductible. Regardless of when your InterNACHI dues are due, you can pay them before the end of the year and take the tax deduction in 2018. Then print your receipt here: InterNACHI(R) members can print out a receipt for professional dues paid. - InterNACHI

4. Invest in your inspection business. Buy that moisture meter or pack of inspection brochures now. Visit Inspector Outlet

5. Make a donation to Cozy Coats for Kids. Cozy Coats for Kids is a registered charity almost entirely supported by the inspection industry. If you make a donation, your inspection business contact information gets displayed permanently on their "Donors" page at Donors – Cozy Coats for Kids
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Old 12/22/18, 10:23 PM
Bob Elliott, 450.0002662's Avatar
Bob Elliott, 450.0002662 Bob Elliott, 450.0002662 is online now
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Join Date: Aug 2006
Location: Chicago
Posts: 37,737
Default Re: What inspectors can still do before the end of the year to reduce their 2018 taxe

Looks good. Will donate.
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