When filing a property tax appeal you must have come across the word binding arbitration, but what is it all about. This article is all about it. Get to know what binding arbitration is, how to qualify for it, the arbitration rules, and a lot more. What is binding arbitration? It is nothing but an … Continue reading Property tax binding arbitration
Commercial real estate owners who want to maximize their tax savings can make use of the cost segregation strategy. It is considered to be the best and is now one of the most popular IRS approved strategies with some changes under the CARES Act. As we all know cost segregation is an IRS approved engineered … Continue reading Cost Segregation, the best ever tax-saving strategy to consider
In commercial real estate, there are many tax benefits for investors and owners. In this post, there are top 7 most commonly used tax benefits in the industry, and how to gain advantage of them. Top 7 Tax Benefits for Commercial Real Estate: Commercial Mortgage Interest is Tax DeductibleDepreciation is a Tax BenefitNon-Mortgage ExpensesLower Capital … Continue reading Commercial Real Estate Tax Benefits and How to Gain Advantage of Them
The first thing every taxpayer does to win a property tax appeal is hiring a property tax consultant to understand the depth of the case and handle it. Evidence is what speaks the most when it comes to winning a property tax appeal. Taxpayers can rely on property tax consultants to gather evidence, complete the … Continue reading Tips to win a property tax appeal
Dealing with business taxes can be tiring but with a proper tax strategy, the results can be rewarding. Here is how cost segregation helps you reduce your current tax liability and increase the cash flow. The tax seasons have always been challenging one for taxpayers and it is the same for self-storage owners as well. … Continue reading Cost segregation for self-storage businesses
If you own a business and if you are paying a lot on personal property taxes then this article is for you. You can reduce the personal property taxes you are currently paying for your business by opting for a BPP tax protest. Let us start off with understanding what business personal property is. Business … Continue reading Understanding Business Personal Property Tax
For business owners looking for valuable tax saving options, bonus depreciation serves to be the best tool. With bonus depreciation businesses can deduct a certain percentage of the purchase price on eligible assets instead of writing them off over the useful life of the assets. The concept of bonus depreciation You must be familiar with … Continue reading Bonus Depreciation and its effect on business taxes
Many multifamily investors are not aware of the tax benefits. As you know real estate is all about physical assets like buildings, their conditions degrade as time passes by. Cost segregation allows multifamily investors to depreciate the value of the property every year and is considered one of the major tax benefits. Let's get to … Continue reading Cost segregation for multifamily investors
Do you own a real estate property, and have you always been wondering if cost segregation can help you reduce your federal income taxes? No matter you have not conducted a cost segregation study until today, but every commercial real estate investor should definitely have cost segregation in their back pocket. But why? Cost segregation … Continue reading Cost Segregation – Better late than never
If you own a house a property tax bill is something that comes along. The amount you pay is used by the local governments for public services. Property taxes can be paid using two different options. One, as part of the monthly mortgage bill and the other, paying it directly at the local tax office. … Continue reading Here is how you can pay your property tax bills
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