Top 10 places to settle down after retirement

Top 10 places to settle down after retirement

Are you searching for a serene environment to retire and spend the rest of your days in peace? Then you must definitely consider the tax rates in that particular county or state because you should not waste most of your fine saved savings to disburse on taxes! Here are the top 10 places in which … Read more

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DIY – Protest your property appraisal!

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Fight the valuation that determines your property tax bill. The season when the Texas property appraisals are out is said to be the magical season where you walk down to your mailbox with a mix of emotions, deep breathe and dare to look at your appraisal. Property taxes are calculated by multiplying an estimate of … Read more

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A complete guide on the Texas property tax process

A complete guide on the Texas property tax process

Understanding the basics Property taxes are local taxes that are determined by the local officials. The property tax process starts off with valuing your property,  setting your tax rate, and finally collecting your taxes. However, the entire process is governed by Texas law. In Texas, property taxes are a major source of revenue and play … Read more

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How To Tackle Business Personal Property Taxes Effectively

How To Tackle Business Personal Property Taxes Effectively

When it comes to Business Personal Property, handling it for a single property can be exhausting when the due dates are near. What will be the scenario when you are supposed to manage multiple properties? It might be a big burden if you don’t have an organized plan. But here are few tips to keep … Read more

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Tax errors that can increase the IRS audit to about six years

Tax errors that can increase the IRS audit to about six years

In general, the IRS has three years of time to audit after you have filed your taxes. In cases where the taxpayer has omitted more than 25 percent of his income, the three years double up to six years and this error is called the substantial understatement of income. It also gets doubled up if … Read more

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Is your Texas property tax bill worrying you?

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It is a must for every homeowner to make sure that you are not paying too much on property taxes than you ought to pay. But how do you check it and how can you reduce your property tax burden is the big question. Here are two ways to do it. The first way mentioned … Read more

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Significance of W-4 form

Significance of W-4 form

The W-4 form helps to let your employer know the exact amount to withhold in your paycheck for tax purposes. Filing this form can help you to stop overpaying your taxes and have some extra money in your pocket. The W-4 form is from the IRS and once you file it for a tax year, … Read more

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Top 3 Benefits of Property Tax Tracking

Oconnor Top 3 Benefits of Property Tax Tracking

The tax season has already begun and you might be really busy filing your taxes or following up on the due dates. It’s common for your mailbox to be filled with emails of bills and appeal forms during this season. But there is an astute way to reduce your eleventh-hour rush when you start preparing … Read more

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Can a cost segregation study help you reduce your tax burden?

can a cost segregation study help you reduce your tax burden

Real estate investors have two options to expense their real estate costs. One is the traditional straight-line method and the other one is the cost segregation method. The second method renders a lot of benefits to real estate investors. This includes accelerated depreciation, decreased taxable income, and an increase in cash flow. After the CARES … Read more

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What is 1031 Exchange?

What is 1031 Exchange

If you have plans to sell your property and buy another property from the money gained from your recent sale then you must definitely know about the 1031 exchange. This 1031 exchange is basically helpful for investment property owners who are constantly buying and reselling in real estate markets.  What is 1031 exchange? The exchange … Read more

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