Tax Benefits

Gwinnett County is one of the most diverse and fluid communities in America. The second-largest county in Georgia, Gwinnett County has seen a population and housing boom that few other communities can match. With a meteoric rise in population, the demand for housing is soaring, driving up values for homes across the county. While great … Read more

A major component of the Atlanta metropolitan area, Cobb County is in the heart of Georgia. One of the fastest-growing communities in America, Cobb County and the greater Atlanta area are quickly becoming one of the top property markets in the United States. However, while an economic boom and an increasing population are great for … Read more

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

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

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

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

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

The IRS has extended the tax filing and payment deadline to the 17th of May, 2021 and this extension is due to the increased complications of the pandemic. Due to the outbreak, multiple tax reliefs and acts were passed during the past year 2020. It might be hard for taxpayers to navigate between various reliefs … Read more

Owning foreign properties have few differences in tax benefits than owning your domestic property. Foreign property is a property that is purchased under your name on any foreign land and it can be used as your second home or vacation rental based on the owner’s convenience. The tax benefits depend on how frequently you are … Read more

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 … Read more