Property Appraisal, The Purpose, And Its Process

It is important for property owners to understand how the value of the property is assessed as the assessed values are used by the property tax authorities to determine the tax bill. This article will brief you on what property appraisal is all about and the different property appraisal approaches. Let’s also understand the difference … Continue reading Property Appraisal, The Purpose, And Its Process →

How does a property qualify for cost segregation?

Cost segregation is a highly beneficial tax planning strategy utilized by real estate investment companies to accelerate depreciation deductions, defer tax and improve cash flow.  Cost segregation studies can benefit taxpayers who purchase, construct, expand, or renovate real estate property.  A study can take the cost of each component of a qualifying real estate investment … Continue reading How does a property qualify for cost segregation? →

Steps to Protest and Reduce Your Property Value Annually

One of your most important rights as a taxpayer is your right to protest your property taxes. If you are dissatisfied with the value of your property, you have the right to protest your property taxes. Depending on the type of the property, you may be able to appeal to the state’s district court in … Continue reading Steps to Protest and Reduce Your Property Value Annually →

Getting To Know The Tax Benefits In Real Estate

Getting to know the tax benefits is really important if you own real estate. You can eliminate or reduce your federal and state income taxes. Depreciation is something that underpins most of the advantages. In this article let’s understand what depreciation, accelerated depreciation, and bonus depreciation is. What is depreciation? Depreciation is the decrease in … Continue reading Getting To Know The Tax Benefits In Real Estate →

What Is The IRS Form 1040 & How To Prepare For 2021 Filing?

The year 2020 has brought lots of changes in the economy. Are you worried about paying the 2021 property taxes? Then you must plan on this Q4 for your tax appeal. The IRS form 1040 has made a few changes this year. Every year the tax codes may be changed so that line numbers can increase … Continue reading What Is The IRS Form 1040 & How To Prepare For 2021 Filing? →

How to calculate and apply for property tax reduction

Property tax reduction is accomplished by claiming your exemptions and property tax appeals / protests. You can protest your property taxes at no cost, with exception of a few states with a property tax protest filing fee. Stop paying more than your fair share of property taxes and reduce your property taxes by claiming a … Continue reading How to calculate and apply for property tax reduction →

Every real estate agents should know these steps before dealing with the clients

There are over 8 billion people in the world who like to buy their own property. It’s their long-term and short-term life goal and the best investment too. They're looking for an agent to sell and buy a property. So every real estate agent should know these steps to become a successful person in their … Continue reading Every real estate agents should know these steps before dealing with the clients →

COST SEGREGATION DETAILS FOR REAL ESTATE INVESTOR

Cost segregation is a highly beneficial and widely accepted tax planning strategy utilized by real estate investors to increase cash flow.  Cost segregation studies can benefit taxpayers who purchase, construct, expand, or renovate real estate property.  A study can take the cost of each component of a qualifying real estate investment and reclassify and break … Continue reading COST SEGREGATION DETAILS FOR REAL ESTATE INVESTOR →