Tax Savings for Realtors

AACAR is introducing a new Member Benefit that could help save considerable taxes on your family’s Healthcare expenses including your insurance premiums and your out-of-pocket expenses.

You may be eligible to take advantage of a Section 105 Health Reimbursement Arrangement (HRA), known as BizPlanNOW, and realize considerable tax savings. BizPlanNOW enables you to fully deduct your Premiums and out-of-pocket medical expenses as a business expense on your Schedule C, rather than trying to deduct these expenses on the 1040 & Schedule A. Most taxpayers can deduct little or no expenses using this method. With BizPlanNOW you save Federal, State, and Self-employment taxes, which could save you thousands in extra taxes.

We have partnered with Total Administrative Services Corporation (TASC is the nation’s largest and most trusted third party administrator of these tax saving plans) to provide the administration of the tax benefit. We recommend that our members talk to TASC to determine if you qualify and get an estimate of the tax savings that could be realized for your business. A few minutes of your time could mean $5,000 tax savings annually (average savings for current TASC BizPlanNOW clients). Members receive a 10% discount on the annual administration fee of $395 and that fee is a deductible business expense. BizPlanNOW can work for sole proprietors, single-member LLC's, Corporations and Partnerships.  If you have questions and would like to speak to an expert you can contact TASC directly at 855-591-0562.

Client Eligibility Worksheet