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…

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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…

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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…

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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…

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2021 Tax Season Updates

property-tax-season-2021-oconnor

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,…

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How To Get Tax Deductions For A Foreign Property

how to get tax deductions for a foreign property

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…

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Getting to know the tax benefits in real estate

cut-my-taxes-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…

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What every real estate investor needs to know about cost segregation?

what every real estate investor should know about cost segregation

As a real estate investor, you must definitely be putting efforts into how to minimize your tax liability. One tax strategy you should be focusing on is cost segregation. It acts as…

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Tax Benefits of Home Ownership

tax-benefits-of-home-ownership

Owning a home completely helps in reducing your tax burden. The remarkable tax benefits of owning a home is that your rental income will not be taxed. It is valued as a…

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