The Challenge: A freelance real estate agent was paying high quarterly estimated taxes but struggling with cash flow. They were not deducting their out-of-pocket marketing costs, staging fees, or professional licensing. The Moorhead Financials Solution: * We conducted a deep-dive expense audit, categorizing their Zillow ads, client gifts, and association dues as legitimate business expenses.
- We properly calculated the depreciation on their home office equipment. The Result: We significantly lowered their taxable income, reducing their quarterly tax burden and securing a $3,100 IRS tax refund for overpaid estimated taxes.