Taxes
Cost segregation evolved as the result of multiple court cases and IRS rulings. The body of knowledge is summarized in the Audit Techniques Guide (ATG), published by the IRS. Component depreciation was a prior methodology that produced similar results ...
History of Cost Segregation
04th January 2011Cost segregation evolved as the result of multiple court cases and IRS rulings. The body of knowledge is summarized in the Audit Techniques Guide (ATG), published by the IRS. Component depreciation was a prior methodology that produced similar results ...
Taxes
Tax Rule No.1: Don’t cheat the IRS. But that doesn’t mean you should cheat yourself. Take every legal tax deduction you can. In addition to the numerous tax deductions the Internal Revenue Service allows, research indicates that most U.S. taxpayers do ...
Cost Segregation - Tax Deductions (Take every legal tax deduction you can)
06th December 2010Tax Rule No.1: Don’t cheat the IRS. But that doesn’t mean you should cheat yourself. Take every legal tax deduction you can. In addition to the numerous tax deductions the Internal Revenue Service allows, research indicates that most U.S. taxpayers do ...
Taxes
Alternative Minimum Tax consequences are not a result of cost segregation. Nor is cost segregation accelerated depreciation. Decisions regarding cost segregation and accelerated depreciation are independent by the four options as illustrated in the follow...
Alternative Minimum Tax Consequences Are Not a Result of Cost Segregation
08th September 2010Alternative Minimum Tax consequences are not a result of cost segregation. Nor is cost segregation accelerated depreciation. Decisions regarding cost segregation and accelerated depreciation are independent by the four options as illustrated in the follow...
Taxes
The countdown to May 31 - the last day Texas homeowners can submit an appeal to protest their property taxes - is growing closer by the minute. Each year, Texas homeowners pay a collective total in the millions on their property taxes. Yet, there is a 70%...
Tips on Market Value Appeal
09th July 2010The countdown to May 31 - the last day Texas homeowners can submit an appeal to protest their property taxes - is growing closer by the minute. Each year, Texas homeowners pay a collective total in the millions on their property taxes. Yet, there is a 70%...
Taxes
If you disagree with the appraisal district's value or any action of the appraisal district about your property, the Texas Property Tax Code (TPTC) provides several options to appeal your property taxes. Most appraisal district offices will meet with you ...
Appealing Your Property Taxes in District Court
15th June 2010If you disagree with the appraisal district's value or any action of the appraisal district about your property, the Texas Property Tax Code (TPTC) provides several options to appeal your property taxes. Most appraisal district offices will meet with you ...
Taxes
information many homeowners use to successfully reduce their property taxes. Obtaining a House Bill 201 package when appealing your property taxes can greatly increase your chances for a successful appeal. House Bill 201 is the term used by property ta...
Use the Appraisal District's Information to Reduce Your Property Taxes
10th May 2010information many homeowners use to successfully reduce their property taxes. Obtaining a House Bill 201 package when appealing your property taxes can greatly increase your chances for a successful appeal. House Bill 201 is the term used by property ta...
Taxes
Most people see new home construction in their neighborhood as a good thing. New homes typically help increase the market value of properties, so when someone in an older home goes to sell, they often can ask a higher price than areas without new construc...
New Home Construction Affects Home Tax Values
24th March 2010Most people see new home construction in their neighborhood as a good thing. New homes typically help increase the market value of properties, so when someone in an older home goes to sell, they often can ask a higher price than areas without new construc...
Taxes
By understanding business tax deductions, business owners may enjoy personal benefits from business expenditures - a nice car to drive, a combination business trip/vacation, retirement savings plan - if they follow the myriad tax rules. The tax code al...
Cost Segregation - Tax Deductions (The wisdom of tax planning)
26th January 2010By understanding business tax deductions, business owners may enjoy personal benefits from business expenditures - a nice car to drive, a combination business trip/vacation, retirement savings plan - if they follow the myriad tax rules. The tax code al...
Taxes
Taxes are your enemy, but tax deductions are your friends. Taxes are the great bane of most businesses. Alas, business deductions act as a salve to cool the burning and itching of your bank account. Business taxes can be summarized simply as calculati...
Cost Segregation - Tax Deductions (Taxes are your enemy, but tax deductions are your friends)
12th November 2009Taxes are your enemy, but tax deductions are your friends. Taxes are the great bane of most businesses. Alas, business deductions act as a salve to cool the burning and itching of your bank account. Business taxes can be summarized simply as calculati...
Taxes
Although 75% of property tax appeals are successful and save homeowners an average of $450, only 7% of homeowners appeal annually. Research indicates five primary reasons homeowners do not appeal: The process seems overwhelming and they do not know ho...
Tips & Tricks for Appealing Property Taxes
21st October 2009Although 75% of property tax appeals are successful and save homeowners an average of $450, only 7% of homeowners appeal annually. Research indicates five primary reasons homeowners do not appeal: The process seems overwhelming and they do not know ho...
Taxes
The first step to annually appealing your property taxes is to send a written notice to the appraisal review board (ARB) for the county in which your home is located. Even if you have not received a notice of assessed value from the appraisal district, fi...
Appeal Your Property Taxes on Market Value and Unequal Appraisal
12th October 2009The first step to annually appealing your property taxes is to send a written notice to the appraisal review board (ARB) for the county in which your home is located. Even if you have not received a notice of assessed value from the appraisal district, fi...
Taxes
Sam sold 2 commercial properties in June 2008 and was discussing tax planning with his CPA and cost segregation provider. The sales price for the properties was $5.2 million and $3.3 million. Sam had owned both properties for about 8 years. The cost se...
Arcane Income Tax Tip
30th August 2009Sam sold 2 commercial properties in June 2008 and was discussing tax planning with his CPA and cost segregation provider. The sales price for the properties was $5.2 million and $3.3 million. Sam had owned both properties for about 8 years. The cost se...
Taxes
In Texas a disabled veteran's tax exemption is not the same as a disabled person's tax exemption. To receive a disabled veteran tax exemption, you must be either a veteran who was disabled while serving with the U.S. armed forces or the surviving spou...
Disabled Veteran Tax Exemptions in Texas
20th August 2009In Texas a disabled veteran's tax exemption is not the same as a disabled person's tax exemption. To receive a disabled veteran tax exemption, you must be either a veteran who was disabled while serving with the U.S. armed forces or the surviving spou...
Taxes
If you disagree with the appraisal district's value or any action of the appraisal district about your property, the Texas Property Tax Code (TPTC) provides several options to appeal your property taxes. Most appraisal district offices will meet with you ...
Appealing Your Property Taxes in District Court
10th August 2009If you disagree with the appraisal district's value or any action of the appraisal district about your property, the Texas Property Tax Code (TPTC) provides several options to appeal your property taxes. Most appraisal district offices will meet with you ...
Taxes
Time spent protesting your property taxes can be very profitable to you. In fact, the average property tax savings for homeowners is $450. However, the uncertainty of how the process works and what results are achievable intimidates many into not attempti...
Property Tax Myth: It's not worth the trouble to appeal.
23rd July 2009Time spent protesting your property taxes can be very profitable to you. In fact, the average property tax savings for homeowners is $450. However, the uncertainty of how the process works and what results are achievable intimidates many into not attempti...
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