(SAN RAFAEL, Calif. - Sept. 25, 2009 - Tax Reduction Letter) Taxpayers who resolve to subdivide their land and sell the resulting smaller pieces of property for profit might see the IRS categorizing the proceeds as capital gains instead of ordinary income, according to a report in the August 2009 issue of the Tax Reduction Letter. Tax reduction expert Murray Bradford presents his research into the matter in "IRS Loses on Subdivision of Lots," one of many tax reduction articles available to anyone with a 7-day free trial to the Bradford Tax Institute

"The issue in real estate taxes often comes down to the taxpayer's profession, the nature of the property or, sometimes, both," said Bradford, whose expertise in tax reduction comes from 30 years in accounting, including a lengthy stay at Price Waterhouse. "For instance, a real estate developer who owns investment property may see profits from a sale falling under the category of capital gains, but this would depend on how he or she sells it."

Publisher of the Tax Reduction Letter every month, tax reduction expert Murray Bradford, CPA, has years of experience in developing and implementing small business tax reduction strategies. A former accountant for Price Waterhouse, Bradford is founder of several tax reduction strategy businesses. Quoted in national publications such as The Wall Street Journal and featured on national programming such as Financial News Network and CNBC, Bradford has helped more than 500,000 self-employed taxpayers realize an average of $17,700 in new tax deductions. His popular courses provide actionable small business tax advice

Through a case study exploring two tax-related court cases—Bruce A. Rice v Commr. and Ayling v Commr.—Bradford walks readers through a large sampling of variables that can affect the taxes on any proceeds from the real estate property they sell. In many cases, these proceeds fall under the category of capital gains and not ordinary income. This significantly affects the tax rate to which they are subject. Additionally, whether or not the IRS considers taxpayers who owned real estate to be dealers or investors depends on several factors, Bradford's article contends

"Few tax questions come with clear-cut answers," said Bradford. "And few husband-and-wife or one-owner businesses have the internal resources to keep abreast of all the tax laws providing these answers. Even tax professionals themselves frequently need access to an easy-to-navigate, all-encompassing source of tax information. These are reasons why the Bradford Tax Institute is an ideal, one-stop destination online for matters tax-related."

Taxpayers and tax professionals can view a Bradford Tax Institute video tutorial and learn how to gain access to nearly 400 Tax Reduction Letter articles at the site, with more on the way. Each presents tax reduction tips in plain English for tax laypeople and includes annotations for savvy accounting professionals. The last three issues are available through a 7-day free trial of the Bradford Tax Institute. Readers who decide to subscribe to the Tax Reduction Letter right now, however, receive immediate access to the entire archive

"Tax Strategies for the Self-Employed (2009)" is also available. In this annual course, Bradford shares tax deduction tips designed to help one-owner and husband-and-wife businesses navigate the maze of rules they must follow to properly determine and report their income. Readers who order this tax reduction course immediately gain access to 171 tax lowering strategies that draw on Bradford's expertise from 30 years in accounting. His tutorial on S corporations, for instance, is one such strategy, made available for free. Those interested may first watch a video that shares seven free insights into reducing and audit-proofing their taxes

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About Murray Bradford, CPA, Tax Reduction Expert
Tax reduction expert Murray Bradford, certified public accountant and publisher of the monthly Tax Reduction Letter, has years of experience in developing and implementing small business tax reduction strategies. Bradford Tax Institute, his website, is home to a vast archive of Bradford's articles from the Tax Reduction Letter. Following nine years at Price Waterhouse, where he twice enjoyed the distinction of being selected to serve in the firm's Washington, D.C. national office, Bradford launched his tax reduction strategies businesses to focus on lowering taxes for one-owner and husband-and-wife businesses. Bradford has since helped more than 500,000 self-employed taxpayers realize an average of $17,700 in new tax deductions. His courses, including "Murray Bradford's Tax Strategies for the Self-Employed (2009)," are veritable goldmines of actionable small business tax advice. The news media regularly turn to Bradford for his tax strategy expertise, which he has shared in print publications and on radio and television programming, such as "CBS News Nightwatch," Financial News Network, KCBS, KGO-TV, KGO-radio, WFAN, WABC-TV, Fox, NPR, CNBC, The Wall Street Journal, The New York Times, Changing Times, Chicago Tribune, Money, Fortune and USA Today. A former Marine and author of several books, Bradford is an active member of the American Institute of Certified Public Accountants, the California Society of CPAs, the Minnesota Society of CPAs, and the Greater Washington, D.C. Society of CPAs

Readers may turn to Bradford's TaxStrategies Blog (taxstrategies.wordpress.com/) and YouTube page (youtube.com/user/taxreductionexpert) for his latest thinking on matters tax-related. Anyone may follow Bradford on Twitter (twitter.com/taxreductioncpa), visit his profile on Facebook (profile.to/taxreductioncpa), and connect with him on LinkedIn (linkedincom/in/murraybradfordcpa)

The media may contact the following individuals:

Kelly Clark
Regional Resource Manager, Tax Reduction Letter
7 Mount Lassen Dr., Ste. C258
San Rafael, CA 94903
kclark AT bradfordandcompany DOT com
PHONE: 415-446-4340
FAX: 415-446-0127

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President & CEO of STETrevisions
PHONE: 617-875-4859
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BrentSkinner AT STETrevisions DOT com
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