tax relief: COST SEGREGATION NEED TO KNOW BASICS
- 09/27/23 01:17 AM
Are you a Real Estate Owner or Real Estate Investor? You Need to Know and Understanding Cost Segregation and How it Benefits Real Estate Investors Owning a property, let alone investing in one is no easy feat. It takes considerable amounts of time, effort, and resources. However, what if we told you that there’s a way for you to reduce your tax burdens and save substantial amounts of cash along the way? That’s where cost segregation comes in. This process of identifying the components of a real estate property and depreciating them accordingly can benefit real estate investors and owners in a myriad … (2 comments)
tax relief: Tax Relief when Natural Disaster Strikes
- 09/08/23 06:29 PM
AFFECTED BY THE MAUI WILDFIRES OR IDALIA OR OTHER NATURAL DISASTERS Reconstructing Records for IRS After a Natural Disaster or Casualty Loss
TAX RECORDS Get free return transcripts immediately by visiting the Get Transcript tool on IRS.gov. To order transcripts by phone, call 800-908-9946 and follow the prompts. To get transcripts of previous years returns by mail, file a Form 4506-T, Request for Transcript of a Tax Return. To request copies of past returns by mail, file Form 4506, Request for Copy of Tax Return. Write the appropriate disaster designation, “MAUI FIRE,” in red letters across the top of Forms 4506-T and 4506 to expedite processing and to … (1 comments)
tax relief: An Overview of Tax Deductions for Real Estate Agents
- 08/31/23 01:10 AM
As a real estate agent, navigating the complex world of taxes can be overwhelming. Yet, understanding tax deductions can be a game-changer for your financial health. These deductions are legal ways to reduce your taxable income, thereby lowering the amount you owe in taxes. In this blog, we'll explore some of the most common tax deductions for real estate agents to help you save money and stay ahead of the tax curve. Understanding Tax Deductions Before we delve into specific deductions for real estate agents, let's start with the basics. A tax deduction is essentially a reduction in your taxable income. These reductions … (2 comments)
tax relief: HAWAII TAX PROBLEMS?
- 03/19/23 01:14 AM
HAWAII TAX PROBLEMS? No Mainland National Firm Can Actually Help You Even If They Say They Can‼️😱
Hawaii Department of Taxation Basics
Some Need to Know things about Hawaii Tax Issues
I want to provide you with some basic information about common Hawaii taxes.
Again, let me stress the basics. As with all tax situations, it generally depends upon the facts and circumstances of the situation.
Never filed your Hawaii tax return! If you never file a tax return, there is no time frame for them to pursue you, regardless of what type of Hawaii tax your are talking about.
How far back will they go? If Hawaii determines you … (2 comments)
Fake tax warrants Has a distrant warrant been delivered to your door, claiming that the taxman has come calling? You’re not alone – in recent weeks there’s been an influx of fake warrants being circulated across the country. If you think it looks official you are not alone, but it just a scam to try to separate you from your Money. In this blog post we’ll explore what these false and misleading documents are and how they trick people like you who make … (3 comments)
Oh boy, when the IRS turns your case over to a private collection agency, it's like being thrown into a pit of hungry wolves. These folks are relentless and won't stop until they've gotten every penny you owe - plus interest and penalties, of course. They'll call you at all hours of the day and night, send you threatening letters in the mail, and even show up at your doorstep unannounced (although I wouldn't recommend answering the door in your pajamas). It's like having a … (1 comments)
Are you a Real Estate Owner or Real Estate Investor?
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