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Parent Category: Taxes

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Tax Reduction Benefits of Cost Segregation

Tax reduction and tax deferral are the primary benefits of obtaining a cost segregation study. Tax reduction occurs since more income is taxed at the capital gains rate instead of the ordinary income rate. [ Read more ]

Tips on Market Value Appeal

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. [ Read more ]

Cost Segregation - Tax Deductions (powers of deduction)

By understanding the business tax deductions, business owners can enjoy personal emoluments from business expenses such as entertainment of guests, donations to charity etc - if they follow the myriad tax rules. [ Read more ]

Texas Business Personal Property Renditions and Taxation

The Texas Property Tax Code for many years had required owners of business personal property (BPP) to annually render those assets used in a business. [ Read more ]

Summarize the 3 to 5 Best Options

Factors which cause you to eliminate properties will be price, application fee, deposit, first month's rent, unit availability and the attitude and courtesy of the leasing staff. [ Read more ]

Tax Reduction Affected by Cost Segregation

Tax reduction is just one of the benefits of cost segregation. Many real estate owners and tax preparers believe cost segregation simply defers payment of taxes. [ Read more ]

Tax Deferral or Tax Reduction – Cost Segregation

Tax deferral is a key benefit of cost segregation; however, a popular misconception about cost segregation is it is just used for tax deferral, it does not reduce taxes. [ Read more ]

Tax Reductions through Cost Segregation

Tax reductions and tax deductions are both benefits of cost segregation. However, it would be inaccurate to term cost segregation a tax shelter. [ Read more ]

Cost Segregation - Tax Deductions (understanding the business tax deductions)

By understanding the business tax deductions, business owners can enjoy personal emoluments from business expenses such as entertainment of guests, donations to charity etc - if they follow the myriad tax rules. [ Read more ]

Tips & Tricks for Appealing Property 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: [ Read more ]

More Thoughts About the Foreclosure Crisis from Saen Higgins, President of Wealth Without Risk

In an earlier article on the status of the US foreclosure crisis, Saen Higgins, Founder of Wealth Without Risk, talked about the states that have been hit hardest, like Nevada, Florida, Arizona, California and Idaho. [ Read more ]

Casualty Loss Can Generate Massive Tax Deductions

A casualty loss may occur as a result of a flood, hurricane, tornado, mudslide or other natural disaster. [ Read more ]

Cost Segregation - Tax Deductions (Taxes are your enemy, but tax deductions are your friends)

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. [ Read more ]

Over 65 Exemption Portability - You Can Take it With You When You Go

Thousands of homeowners take advantage of the Over 65 exemption allowed by the Texas Property Tax Code. After years of working and paying taxes, it's about time you get a break, right? [ Read more ]

Arcane Income Tax Tip - Tax Rate Arbitrage

Cost segregation is simply an accurate way to allocate the cost basis of real estate and establish a depreciation schedule. [ Read more ]

Abandonment Study Yield Tax Reduction

An abandonment study can legitimately generate a windfall of depreciation for the owner of investment or owner-occupied real estate. By increasing depreciation, substantial tax reduction can be effected. [ Read more ]

Appeal Your Property Taxes on Market Value and Unequal Appraisal

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. [ Read more ]

Abandonment Study Yields Tax Reduction

An abandonment study can legitimately generate a windfall of depreciation for the owner of investment or owner-occupied real estate. By increasing depreciation, substantial tax reduction can be effected. [ Read more ]

Appealing Your Property Taxes

Thousands of Texas homeowners will go through the property tax appeal process this year because the appraisal district incorrectly assessed their home's value. [ Read more ]

Harris County Appraisal District's i-Settle Program

Most property owners appealing on market value at Harris County Appraisal District, will achieve their best result during the informal hearing in a settlement negotiation. [ Read more ]