What Makes Miami Real Estate Unique for Tax

Commission income is self-employment income, and that means you’re on the hook for the full 15.3% self-employment tax on top of your federal income tax. No state income tax in Florida softens the blow, but it doesn’t eliminate it. And if you’re doing volume, you need a tax strategy — not just a tax preparer.

Miami also has a heavy international buyer market, which brings FIRPTA (Foreign Investment in Real Property Tax Act) into play. If you’re representing foreign sellers, there are withholding requirements you need to understand — both to advise your clients properly and to protect yourself from liability. We help you understand what’s required on both sides of those transactions.

Tax & Financial Services for Real Estate Agents

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  Commission Income Planning — Structuring your business to reduce self-employment tax through proper entity selection and reasonable compensation.
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  1031 Exchange Guidance — If you invest in property yourself, we coordinate like-kind exchanges to defer capital gains on investment properties.
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  FIRPTA Transaction Support — Understanding withholding requirements when foreign nationals sell U.S. real property through your transactions.
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  Marketing & Advertising Deductions — Tracking and properly categorizing the significant marketing costs that come with this business.
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  Vehicle & Transportation Costs — Mileage tracking, auto deductions, and the decision between actual costs and the standard mileage rate.
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  Quarterly Estimated Tax Payments — Calculated based on your deal pipeline and closing schedule, not just last year’s numbers.