2010 Tax Tips for Investors & Accidental Landlords from Property Management Software Company Top 10 tax tips can save thousands of dollars

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FREMONT, California -- Rental Software ( http://www.trexglobal.com/property-management-software ) developer TReXGlobal.com has published 2010’s top 10 tax tips for the 10 million real estate investors and landlords in the United States.

(I-Newswire) March 3, 2010 - According to a study by the GAO (Government Accountability Office), about 25 percent of rental property owners over reported their net income from rental real estate, by overstating rent received or understating expenses or losses. The estimated amount of net income overstated by misreporting rental property owners was $2.1 billion.

Due to the recession, there has been a significant increase in the number of accidental landlords in the US - property owners who have turned properties that they want to sell into units that they must rent out. Many of these individuals will be including their rental property income and expenses in their tax filing for the first time. The top 10 tax tips for 2010 will help them save them thousands of dollars by minimizing their taxes.

Everyone’s tax situation is different, and the tax tips should not substitute professional advice. Rental Property owners should always consult with their tax advisors to consider specific factors that might affect their situation.

The top 10 tax tips for rental property ( http://www.trexglobal.com/property-management/real-estate-news/top-10-tax-tips-for-rental-property ), and other rental property tax deductions ( http://www.trexglobal.com/property-management/landlord-resources/rental-property-tax-deductions ), are available at http://www.trexglobal.com/property-management

About TReXGlobal.com
TReXGlobal.com develops rental management ( http://www.trexglobal.com ) software and property management ( http://www.trexglobal.com/property-management )tools for property managers ( http://www.trexglobal.com/property-manager ), landlords ( http://www.trexglobal.com/landlord ), and tenants ( https://www.trexglobal.com/tenant ). Products offered by TReXGlobal.com include Simplify’Em Pay Rent ( http://www.trexglobal.com/pay-rent ) Online and Property Management Software ( http://www.trexglobal.com/property-management-software ). TReXGlobal.com’s products have been featured in Forbes, Chicago Tribune, Accounting Today, WebCPA.com, Inman News and other publications. The company has partnerships with Fidelity National Real Estate Solutions (FNRES), Bay East Association of REALTORS®, San Diego Association of REALTORS®, IPX1031, RealTown – The Real Estate Network, and many other leading real estate companies. More information is available at TReXGlobal.com ( http://www.trexglobal.com ).

Media Contact:
Niman Singh
Director of Community Relations
(510) 979-9066
Press@TReXGlobal.com

About TReXGlobal, Inc:
TReXGlobal.com builds property management software ( http://www.trexglobal.com/property-management-software ) pay rent ( http://www.trexglobal.com/pay-rent ) online, and tax filing web tools for investors to save time and money. The TReXGlobal.com Partner Program offers free real estate marketing tools to help real estate professionals grow their businesses by building strong relationships with real estate investors. Products offered by TReXGlobal.com include SimplifyEm.com Property Management Software ( http://www.trexglobal.com/property-management-software ) and Pay Rent ( http://www.trexglobal.com/pay-rent ) Online – Online Rent Payment solutions. TReXGlobal.com’s products have been featured in Forbes, Chicago Tribune, Accounting Today, WebCPA.com, Inman News and other publications. The company has partnerships with Fidelity National Real Estate Solutions (FNRES), Bay East Association of REALTORS®, IPX1031, RealTown – The Real Estate Network, and many other leading real estate companies. More information can be found at TReXGlobal.com.

Company Contact Information
TReXGlobal, Inc
Niman Singh
Fremont
94539
Phone : 5109799066

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rental property management software rental software rental property software 1031 Exchange real estate depreciation rental property management

Published on:

March 3, 2010

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