Tax Reduction (Casualties Can Generate Substantial Tax Reduction) Tax reduction are the results from tax deductions. Tax deductions reduce taxable income but do not directly reduce federal income taxes. For example, $100,000 of tax deductions reduces federal income taxes by $35,000 ($100,000 X 35%), assuming a 35% tax rate. Most tax reduction require a cash expenditure (labor, material, supplies, utilities, etc). A current period cash expenditure is not requiredKeywords:
Patrick OConnor, Tax deduction, tax reductions, cost segregation, market study, feasibility studies, property tax, market research, condemnation appraisal, gift tax, lease abstraction, casualty loss Cost segregation correctly depreciating real estate 10 Most commercial real estate owners are paying excess federal income taxes because they are not depreciating their property as quickly as they should. A cost segregation study allows property owners to both defer and reduce federal income taxes. Cost segregation increases depreciation (a non-cash deduction) for commercial real estate owners.Keywords:
Patrick OConnor, Business valuation, tax reduction, cost segregation, real estate consulting, property tax, market research, due diligence, Tax reduction, Casualty loss, Waller County Appraisal District Office Leasing and Rental Data for Houston Metropolitan Area Houston Area Office leasing and rental data can help office building owners to increase revenue, vendors to increase sales and provide a variety of industry personnel with data and reports to facilitate decision-making and communication. O'Connor and Associates provides comprehensive office building data for the Houston metropolitan area. This office building data is used by investors, management coKeywords:
Patrick OConnor, tax reduction, market research, property tax, insurance valuation, market rent analysis, private bond activity, market studies, estate taxes, property appraisals, Tips and Tricks for Appealing Your Property T Tax Deferral 1031 Exchanges and Cost Segregation Tax deferral through 1031 exchanges, or tax-free exchanges of real estate, have become a popular method of tax deferral of capital gains taxes. Almost by definition, individuals who utilize the 1031 exchange option are reluctant to pay taxes that can legally be avoided. 1031 exchangers have asked if they can receive tax deferrals and enhance depreciation. The short answer is yes.Keywords:
Patrick OConnor, tax deduction Tax Deductions (Tips for Individual Real Estate Investors) Tax deductions are not the top priority for most individual real estate investors. They often work out of their home with no employees, other than those on-site at the property. Challenges (aside from tax deductions) include selecting what property to purchase, screening tenants, repairs, managing expenses, obtaining financing, and deciding when to sell. This articles addresses tax deductions someKeywords:
Patrick OConnor, tax reduction Cost segregation cpa Tax reduction should involve a team with specialized knowledge for the taxpayer and subject industry. Most tax preparation teams will include an accountant and/or CPA and/or tax attorney. Commercial real estate owners who do not include a cost segregation specialist on the tax preparation team will likely pay excess federal income taxes. The low adoption rate for cost segregation is due partially Keywords:
Patrick OConnor, income tax 10 tips for Finding a Great Apartment Great apartments are in great areas. The first set to finding a great apartment is selecting an attractive area. Apartments in upscale areas will be more expensive than apartments in less attractive areas. However, in many cases you will have add a better apartment living experience in a plain apartment in an upscale area than in a deluxe apartment in a less attractive area.Keywords:
Patrick OConnor, property tax Over 65 Exemption Portability - You Can Take it With You When You Go Thousands of homeowners take advantage of the Over 65 exemption allowed by the Texas Property Tax Code. After years of working and paying taxes, it's about time you get a break, right?Keywords:
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