Property Taxes

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

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

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

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

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

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

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

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

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

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