Britt Morris Thinks...: February 2008

February 2008

Real Estate Tax Tips

It's an unfortunate time of the year. Time to start gathering your W-2's and K-1's and blah blah blah whatever forms. It's also an important time of year to if you've bought or sold real estate in the past year. You may be entitled to serious deductions if you bought real estate, and you may even have tax free money coming if you've sold real estate.

Here are some great tips from the IRS regarding the sale of real estate. As with all government agencies, the info is a little thick and complicated. If you have complicated earnings throughout the year and particularly if you've bought or sold real estate, please consult a licensed accountant. They're worth their weight in gold. If you need a reference I've certainly got some great resources for all your accounting needs.

February 06, 2008 in Real Estate | Permalink | Comments (0) | TrackBack (0)

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Reading For Life

John Berendt: Midnight in the Garden of Good and Evil
A recent trip to Savannah, GA forced the purchase of this book. I'd seen the movie but the book smokes it. It does work so much better if you've been to Savannah and experience the charm and mystery of the city. You thought Austin was weird.
George Crile: Charlie Wilson's War Abridged: The Extraordinary Story Of The Largest Covert Operation In History [ABRIDGED]
Are you kidding me? I haven't seen the movie yet but there's no way they could get all this info into a 2 hour movie. It's a shocking look into the power men in Washington have at their fingertips, especially if they have golden tongues. It's also amazing that a congressman from Texas could give Keith Richards a run for his money in the partying department.
Walter Isaacson: Benjamin Franklin: An American Life
A man of wisdom and innovation. A fascinating story of one of the brightest minds in human history.
Gabriel Garcia Marquez: One Hundred Years of Solitude
Gabriel is the lyrical ganster of Latin America. Marquez weaves thoughtful prose through desriptions of the mundane, the beautiful, the tragic and the pleasurable happenings of Macondo, a small town populated with every type of human character imaginable, and several unimaginable. Truly a book to savor over a life time. (*****)
Jack Welch: Winning
Game, Set, Match. The end all be all for how to run a business. It's a lot to take in, but the key is managing people. An incredible look into one of the great business minds of the 20th century. (*****)
Bill Bryson: A Short History of Nearly Everything: Special Illustrated Edition
If you're looking to gain some knowledge about this world, why not start with a Brief History of Nearly Everthing. A fascinating read about the history of scientific discovery. Don't count on the facts of today being the facts of tomorrow. Bryson has an excellent factual yet comical writing style. This book is a must for the casual cocktail party conversationalist.
Ernest Hemingway: A Farewell to Arms
Definitely on a Hemingway kick for the last 10 years. I can relate to Lieutenant Henry's liver. Ernest definitely has a penchant for describing the often sad but true nature of love.
ERNEST HEMINGWAY: FOR WHOM THE BELLS TOLL.
One of the great all time classics. No business here, just pure reading pleasure. An interesting study of where our lives can lead us when our convictions become cohesive with our hearts. (*****)
Tim Sanders: Love Is the Killer App: How to Win Business and Influence Friends
Let's all be lovecats. The principles in this book really rang true. "The Big Thought" as Sanders calls it....sharing your knowledge, your network, and your compassion. Some of these principles applied have grown my business and my heart beyond imagination. A true excercise in merging a life of abundance with no nonsense business tactics. Great read.
Matthew R. Simmons: Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy
Part of my high oil price freak out reading. Excellent data. You decide where we're headed. A definite raise of the eyebrows.