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URL:https://www.learndesk.us/class/6406277259329536/lesson/bf91cbec9d3ede9a76f233503e21d2da?ref=outlook-calendar
SUMMARY:Ongoing Rental Payments
DTSTART;TZID=America/Los_Angeles:20260513T190000
DTEND;TZID=America/Los_Angeles:20260513T200000
LOCATION:https://www.learndesk.us/class/6406277259329536/lesson/bf91cbec9d3ede9a76f233503e21d2da?ref=outlook-calendar
DESCRIPTION: 
Recording rental income seems like a very easy process. You just put the number the client gives you on the tax return. That used to be the way it was done but not anymore. The IRS expects more of its tax preparers these days. A good tax preparer reviews the client data and asks questions like the following:
Possible review questions

Where did you get this rental income number? Take your monthly rental amount and multiple by 12?
Do you record your rental transactions in an accounting program? If so, can I have a copy?
Do you keep track of each rental property separately?
Did you receive or pay out any monies to renters for cleaning or maintenance deposits?
Did you add up the numbers from your check register?
Did you take them from your bank statements?
Did you change your rental rate during the year?
Did you receive any payments for the first and last month’s rent?

Rental revenue can differ depending on where your client gets the information. Timing differences like deposits in...

https://www.learndesk.us/class/6406277259329536/lesson/bf91cbec9d3ede9a76f233503e21d2da?ref=outlook-calendar
STATUS:CONFIRMED
SEQUENCE:3
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