David Auer, Founder and CEO of Auer Tax Group Maximizes Tax Breaks for Vacation Homes

Founder and CEO of Auer Tax Group, author and Premier Tax Expert, David Auer offers two broad guidelines for maximizing tax breaks for vacation homeowners who rent out their homes during parts of the year and use it personally.

Tulsa, OK – June 21, 2016 – David Auer, recognized Premier Tax Expert and Founder/CEO of Auer Tax Group posted a new blog on the company website entitled Could Your Vacation Home Give You a Bigger Tax Break?”  A vacation is a welcome break and a bigger tax break could feel like a little vacation according to Mr. Auer.

David AuerAuer writes, “So, you have a vacation home and you have to schedule your stay around dates reserved by paying guests.” He adds, “Wouldn’t you love to see your vacation home give you a better vacation in the form of the biggest tax break possible?”

According to Auer, “There are special tax rules applicable to using a vacation home personally and renting it when you’re not there.” He elaborates, “Depending on how many days a year you rent your vacation home, there are two guidelines to keep in mind. The magic number is 14. If you rent fewer than 14 days a year or more than 14 different rules apply.”

Fewer than 14 days, and “all of the income you receive is tax-free. That’s true no matter how much you charge,” states Auer. He adds, “You’re not even required to report the rent.”

The entire blog can be read at http://www.premiertaxexpert.com/vacation-home-give-bigger-tax-break/

About David Auer

With over 30 years of experience, David Auer is the Founder and CEO of Auer Tax Group, a national tax consulting firm, Blue Ocean Strategies, a business strategic planning group, and The Advanced Planning Group, a collaboration of multidisciplinary advisors focused on tax, estate, asset protection, and business succession strategies for successful business owners, professionals, and high net worth families.  He is also a founding member of Financial Gravity Law, a division of Financial Gravity®.

David is a frequent speaker, is recognized as one of America’s Premier Experts®, is on the adjunct faculty of Asset Protection Corporation founded by internationally acclaimed asset protection attorney Robert Lambert, LLM in Taxation, Esq., and is the author or co-author of several books, including 57 Ways to Grow Your Business – Bright Ideas for Serious Entrepreneurs; “You Can Deduct THAT?”; Ignite Your Life with Brian Tracy; and Performance 360 Special Edition with Richard Branson.

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