http://www.trcb.com/en-Us60Sat, 26 May 2012 11:02:19 ESTCopyright 2012 Patrick Oconnor, TRCB.com All Right Reservedhttp://www.trcb.com/finance/taxes/cost-segregation---tax-deductions-the-tax-code-allows-deductions-from-gross-income-44069.htmBy understanding business tax deductions, business owners may enjoy personal benefits from business expenditures - a nice car to drive, a combination business trip/vacation, retirement savings plan - if they follow the myriad tax rules.Wed, 09 Feb 2011 00:00:00 ESThttp://www.trcb.com/finance/taxes/cost-segregation---tax-deductions-the-tax-code-allows-deductions-from-gross-income-44069.htmTRCB.comFinance / Taxeshttp://www.trcb.com/finance/taxes/tax-reduction-affected-by-cost-segregation-39250.htmTax reduction is just one of the benefits of cost segregation. Many real estate owners and tax preparers believe cost segregation simply defers payment of taxes. Fri, 17 Dec 2010 10:23:00 ESThttp://www.trcb.com/finance/taxes/tax-reduction-affected-by-cost-segregation-39250.htmTRCB.comFinance / Taxeshttp://www.trcb.com/finance/taxes/history-of-cost-segregation-31212.htmCost segregation evolved as the result of multiple court cases and IRS rulings. The body of knowledge is summarized in the Audit Techniques Guide (ATG), published by the IRS.Fri, 26 Nov 2010 16:46:16 ESThttp://www.trcb.com/finance/taxes/history-of-cost-segregation-31212.htmTRCB.comFinance / Taxeshttp://www.trcb.com/finance/taxes/cost-segregation---tax-deductions--30331.htmTaxes are your enemy, but tax deductions are your friends. Taxes are the great bane of most businesses. Alas, business deductions act as a salve to cool the burning and itching of your bank account.Thu, 16 Sep 2010 23:10:30 ESThttp://www.trcb.com/finance/taxes/cost-segregation---tax-deductions--30331.htmTRCB.comFinance / Taxeshttp://www.trcb.com/finance/taxes/cost-segregation---tax-deductions--32556.htmTaxes are your enemy, but tax deductions are your friends. Taxes are the great bane of most businesses. Alas, business deductions act as a salve to cool the burning and itching of your bank account.Wed, 01 Sep 2010 14:40:35 ESThttp://www.trcb.com/finance/taxes/cost-segregation---tax-deductions--32556.htmTRCB.comFinance / Taxeshttp://www.trcb.com/finance/taxes/cost-segregation---tax-deductions--32105.htmTax Rule No.1: Dont cheat the IRS. But that doesnt mean you should cheat yourself. Take every legal tax deduction you can.Tue, 24 Aug 2010 19:05:56 ESThttp://www.trcb.com/finance/taxes/cost-segregation---tax-deductions--32105.htmTRCB.comFinance / Taxeshttp://www.trcb.com/finance/taxes/property-tax-myth-29048.htmTime spent protesting your property taxes can be very profitable to you. In fact, the average property tax savings for homeowners is $450. However, the uncertainty of how the process works and what results are achievable intimidates many into not attempting to protest their property taxes.Sat, 26 Jun 2010 00:51:52 ESThttp://www.trcb.com/finance/taxes/property-tax-myth-29048.htmTRCB.comFinance / Taxeshttp://www.trcb.com/finance/taxes/cost-segregation---tax-deductions--26519.htmTaxes are your enemy, but tax deductions are your friends. Taxes are the great bane of most businesses. Alas, business deductions act as a salve to cool the burning and itching of your bank account.Mon, 07 Jun 2010 23:38:16 ESThttp://www.trcb.com/finance/taxes/cost-segregation---tax-deductions--26519.htmTRCB.comFinance / Taxeshttp://www.trcb.com/finance/taxes/cost-segregation-tax-deductions-cost-segregation-increases-tax-deductions-27645.htmBy understanding business tax deductions, business owners may enjoy personal benefits from business expenditures - a nice car to drive, a combination business trip/vacation, retirement savings plan - if they follow the myriad tax rules.Fri, 04 Jun 2010 00:00:55 ESThttp://www.trcb.com/finance/taxes/cost-segregation-tax-deductions-cost-segregation-increases-tax-deductions-27645.htmTRCB.comFinance / Taxeshttp://www.trcb.com/finance/taxes/another-2010-home-buyer-tax-credit-extension-unlikely-based-on-stronger-housing-data-armed-forces-members-have-till-2011-to-cl-27210.htmUnfortunately it looks like the chances of a further extension to the home buyer tax credit are lessening by the day as stronger housing data and focus on reducing government debt and foreclosures emerges.Sun, 16 May 2010 22:57:07 ESThttp://www.trcb.com/finance/taxes/another-2010-home-buyer-tax-credit-extension-unlikely-based-on-stronger-housing-data-armed-forces-members-have-till-2011-to-cl-27210.htmTRCB.comFinance / Taxeshttp://www.trcb.com/finance/taxes/appeal-your-property-taxes-on-market-value-and-unequal-appraisal-22200.htmThe first step to annually appealing your property taxes is to send a written notice to the appraisal review board (ARB) for the county in which your home is located. Even if you have not received a notice of assessed value from the appraisal district, file a notice of appeal by May 31st.Tue, 09 Feb 2010 16:18:11 ESThttp://www.trcb.com/finance/taxes/appeal-your-property-taxes-on-market-value-and-unequal-appraisal-22200.htmTRCB.comFinance / Taxeshttp://www.trcb.com/finance/taxes/alternative-minimum-tax-consequences-are-not-a-result-of-cost-segregation-21739.htmAlternative Minimum Tax consequences are not a result of cost segregation. Nor is cost segregation accelerated depreciation. Decisions regarding cost segregation and accelerated depreciation are independent by the four options as illustrated in the following matrix:Mon, 01 Feb 2010 23:17:39 ESThttp://www.trcb.com/finance/taxes/alternative-minimum-tax-consequences-are-not-a-result-of-cost-segregation-21739.htmTRCB.comFinance / Taxeshttp://www.trcb.com/finance/taxes/tax-problems-can--be-of-many-types-21259.htmIf you have not paid taxes in the past, you may face serious tax problems. You may notice this when a specific amount of debt appears on your statement of account.Mon, 25 Jan 2010 16:26:52 ESThttp://www.trcb.com/finance/taxes/tax-problems-can--be-of-many-types-21259.htmTRCB.comFinance / Taxeshttp://www.trcb.com/finance/taxes/arcane-income-tax-tip-20458.htmCost segregation is simply an accurate way to allocate the cost basis of real estate and establish a depreciation schedule. The real estate depreciation schedule is often established by allocating a portion of the cost basis to land and allocating the balance to a long term depreciation recovery period (27.5 or 39-yr straight-line depreciation). Thu, 07 Jan 2010 13:41:50 ESThttp://www.trcb.com/finance/taxes/arcane-income-tax-tip-20458.htmTRCB.comFinance / Taxeshttp://www.trcb.com/finance/taxes/disabled-veteran-tax-exemptions-in-texas-17330.htmTo receive a disabled veteran tax exemption, you must be either a veteran who was disabled while serving with the U.S. armed forces or the surviving spouse or child (under 18 years of age and unmarried) of either a disabled veteran or of a member of the armed forces who was killed while on active duty. Mon, 19 Oct 2009 10:43:48 ESThttp://www.trcb.com/finance/taxes/disabled-veteran-tax-exemptions-in-texas-17330.htmTRCB.comFinance / Taxeshttp://www.trcb.com/finance/taxes/low-income-housing-tax-credit-market-studies-and-appraisal-14252.htmLow Income Housing Tax Credit (LIHTC or Housing Tax Credit) program has been made a permanent element of chapter 42 of the Federal Income Tax Code. Owners of Low Income Housing Tax Credit Properties receive tax credits for a portion of the construction/renovation cost. Tax credits can be used to directly reduced federal income taxes. (Tax deductions reduce taxable income and thereby indirectly reduce income taxes.)Sat, 22 Aug 2009 13:56:17 ESThttp://www.trcb.com/finance/taxes/low-income-housing-tax-credit-market-studies-and-appraisal-14252.htmTRCB.comFinance / Taxeshttp://www.trcb.com/finance/taxes/georgia-changing-filing-requirements-on-sales-and-use-tax-12414.htmThis will affect almost every small business in Georgia.Fri, 03 Jul 2009 20:58:42 ESThttp://www.trcb.com/finance/taxes/georgia-changing-filing-requirements-on-sales-and-use-tax-12414.htmTRCB.comFinance / Taxeshttp://www.trcb.com/finance/taxes/preparing-for-binding-arbitration-11934.htmFor many homeowners, the property tax appeal process can seem too difficult and therefore only about 8% appeal even though 70% of those who do appeal are successful. Most homeowners also do not realize that their appeal can be resolved at the informal hearing. Tue, 30 Jun 2009 01:39:46 ESThttp://www.trcb.com/finance/taxes/preparing-for-binding-arbitration-11934.htmTRCB.comFinance / Taxeshttp://www.trcb.com/finance/taxes/tax-and-extension-filing-explained-12027.htmThis article will give some perspective on extensions, penalties and other issues regarding extensions. This should clear up some of the mystery of the great unknowns of filing extensions. Some deadlines to do other tax-related items are tied to the due date of the return including extensions.Fri, 26 Jun 2009 12:53:04 ESThttp://www.trcb.com/finance/taxes/tax-and-extension-filing-explained-12027.htmTRCB.comFinance / Taxeshttp://www.trcb.com/finance/taxes/cost-segregation--tax-deductions-tax-rule-no1-dont-cheat-the-irs-11542.htmTax Rule No.1: Dont cheat the IRS. But that doesnt mean you should cheat yourself. Take every legal tax deduction you can. Wed, 17 Jun 2009 17:46:13 ESThttp://www.trcb.com/finance/taxes/cost-segregation--tax-deductions-tax-rule-no1-dont-cheat-the-irs-11542.htmTRCB.comFinance / Taxeshttp://www.trcb.com/finance/taxes/appealing-your-property-taxes-in-district-court-10741.htmIf you disagree with the appraisal district's value or any action of the appraisal district about your property, the Texas Property Tax Code (TPTC) provides several options to appeal your property taxes. Wed, 03 Jun 2009 12:54:52 ESThttp://www.trcb.com/finance/taxes/appealing-your-property-taxes-in-district-court-10741.htmTRCB.comFinance / Taxeshttp://www.trcb.com/finance/taxes/tips-on-market-value-appeal-9139.htmThe countdown to May 31 - the last day Texas homeowners can submit an appeal to protest their property taxes - is growing closer by the minute. Each year, Texas homeowners pay a collective total in the millions on their property taxes. Yet, there is a 70% chance of lowering taxes when an owner appeals the assessment! Mon, 27 Apr 2009 11:18:37 ESThttp://www.trcb.com/finance/taxes/tips-on-market-value-appeal-9139.htmTRCB.comFinance / Taxeshttp://www.trcb.com/finance/taxes/texas-business-personal-property-rendition-and-taxation-8620.htmThe Texas Property Tax Code for many years had required owners of business personal property (BPP) to annually render those assets used in a business. Rendering is summarizing to the central appraisal district the ownership and value of the assets. Historically, however, over half of all owners of business personal property have not rendered.Thu, 16 Apr 2009 17:47:07 ESThttp://www.trcb.com/finance/taxes/texas-business-personal-property-rendition-and-taxation-8620.htmTRCB.comFinance / Taxeshttp://www.trcb.com/finance/taxes/made-off-theft-madoff-8177.htmThe federal, state and local governments are colosers with Madoff investors.Wed, 08 Apr 2009 16:27:43 ESThttp://www.trcb.com/finance/taxes/made-off-theft-madoff-8177.htmTRCB.comFinance / Taxeshttp://www.trcb.com/finance/taxes/use-the-appraisal-districts-information-to-reduce-your-property-taxes-7768.htmHomeowners are amazed to learn they can obtain a copy of the appraisal district's evidence at a nominal cost. This is referred to as a House Bill 201 package, and is the only information many homeowners use to successfully reduce their property taxes. Tue, 31 Mar 2009 09:01:36 ESThttp://www.trcb.com/finance/taxes/use-the-appraisal-districts-information-to-reduce-your-property-taxes-7768.htmTRCB.comFinance / Taxes