Avoiding rental pitfalls

"It’s actually a common misconception amongst landlords that they are not required to report their rental income," says Tricor Taxand executive director Thang Mee Lee.“Even if they are aware, some of them are not so well versed with the procedures, ” she tells StarBizWeek.

IT’S income tax season again.

For individuals who derive rental income from real property, it can certainly be a time of confusion and needless stress.