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
Property Tax Appeal
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
If you don’t agree with the ARB’s decision, here is what you can do
Say, you opted to file a protest on your property taxes and you just had a hearing before the appraisal review board. If you do not agree with the decision made by the ARB, there are three options you have in hand to appeal. You can either appeal to the district court, opt for binding … Read more
How Can Seniors Be Excluded From The Property Tax Burden?
Property taxes are a burden for many taxpayers. Unfortunately, it’s an extra added burden for seniors in Texas. But Texas has given many exemptions and other ways to reduce property taxes of senior residents. Over 65 homestead exemption The over-65 homestead exemption can permanently freeze the total amount that is necessary for paying school property … Read more
2021 Tax Season Updates
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
Forms of Harris County Appraisal District
As the tax protesting season is on the way, every homeowner has lots of paperwork to do. But the real question is, do homeowners have a real idea about forms in the Harris district? If you are a homeowner who is wanting to learn a few important things about forms, then this blog post will … Read more
Appealing your property tax bill
Homeowners, are your property tax bills going up? If the pandemic is hitting hard on you, here is some relief. No matter if you see a significant increase in your tax bill, there are always grounds for an appeal. You can cut down a certain amount from your property tax bill by opting for an … Read more
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 … Read more
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 … Read more
Received your appraisal, and thinking of a property tax protest? Here is how you do it.
Are you a property owner who has received your appraisal by email? Do you want to protest your property taxes? Are you in a dilemma on how to file an appeal? Don’t worry, you are not alone! Property taxes might seem a little complicated but they are a principal source of revenue for the county … Read more