Patrick OConnor's Articles http://www.articleheaven.net en-us editorial@articlealley.com History of Cost Segregation Cost 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. Component depreciation was a prior methodology that produced similar results ... http://www.articleheaven.net/history-of-cost-segregation-1927938.html 04th January 2011 Cost Segregation - Tax Deductions (Take every legal tax deduction you can) Tax Rule No.1: Don’t cheat the IRS. But that doesn’t mean you should cheat yourself. Take every legal tax deduction you can. In addition to the numerous tax deductions the Internal Revenue Service allows, research indicates that most U.S. taxpayers do ... http://www.articleheaven.net/cost-segregation--tax-deductions-take-every-legal-tax-deduction-you-can-1885235.html 06th December 2010 Alternative Minimum Tax Consequences Are Not a Result of Cost Segregation Alternative 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 follow... http://www.articleheaven.net/alternative-minimum-tax-consequences-are-not-a-result-of-cost-segregation-1735621.html 08th September 2010 Tips on Market Value Appeal The 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%... http://www.articleheaven.net/tips-on-market-value-appeal-1647806.html 09th July 2010 Appealing Your Property Taxes in District Court If 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. Most appraisal district offices will meet with you ... http://www.articleheaven.net/appealing-your-property-taxes-in-district-court-1600396.html 15th June 2010 Use the Appraisal District's Information to Reduce Your Property Taxes information many homeowners use to successfully reduce their property taxes. Obtaining a House Bill 201 package when appealing your property taxes can greatly increase your chances for a successful appeal. House Bill 201 is the term used by property ta... http://www.articleheaven.net/use-the-appraisal-districts-information-to-reduce-your-property-taxes-1539712.html 10th May 2010 New Home Construction Affects Home Tax Values Most people see new home construction in their neighborhood as a good thing. New homes typically help increase the market value of properties, so when someone in an older home goes to sell, they often can ask a higher price than areas without new construc... http://www.articleheaven.net/new-home-construction-affects-home-tax-values-1468873.html 24th March 2010 Cost Segregation - Tax Deductions (The wisdom of tax planning) By 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. The tax code al... http://www.articleheaven.net/cost-segregation--tax-deductions-the-wisdom-of-tax-planning-1363749.html 26th January 2010 Cost Segregation - Tax Deductions (Taxes are your enemy, but tax deductions are your friends) Taxes 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. Business taxes can be summarized simply as calculati... http://www.articleheaven.net/cost-segregation--tax-deductions-taxes-are-your-enemy-but-tax-deductions-are-your-friends-1228616.html 12th November 2009 Tips & Tricks for Appealing Property Taxes Although 75% of property tax appeals are successful and save homeowners an average of $450, only 7% of homeowners appeal annually. Research indicates five primary reasons homeowners do not appeal: The process seems overwhelming and they do not know ho... http://www.articleheaven.net/tips--tricks-for-appealing-property-taxes-1191955.html 21st October 2009 Appeal Your Property Taxes on Market Value and Unequal Appraisal The 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, fi... http://www.articleheaven.net/appeal-your-property-taxes-on-market-value-and-unequal-appraisal-1167013.html 12th October 2009 Arcane Income Tax Tip Sam sold 2 commercial properties in June 2008 and was discussing tax planning with his CPA and cost segregation provider. The sales price for the properties was $5.2 million and $3.3 million. Sam had owned both properties for about 8 years. The cost se... http://www.articleheaven.net/arcane-income-tax-tip-1056587.html 30th August 2009 Disabled Veteran Tax Exemptions in Texas In Texas a disabled veteran's tax exemption is not the same as a disabled person's tax exemption. To 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 spou... http://www.articleheaven.net/disabled-veteran-tax-exemptions-in-texas-1044220.html 20th August 2009 Appealing Your Property Taxes in District Court If 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. Most appraisal district offices will meet with you ... http://www.articleheaven.net/appealing-your-property-taxes-in-district-court-1028276.html 10th August 2009 Property Tax Myth: It's not worth the trouble to appeal. Time 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 attempti... http://www.articleheaven.net/property-tax-myth-its-not-worth-the-trouble-to-appeal-995212.html 23rd July 2009 Appealing Your Property Taxes How To Request Binding Arbitration Thousands of Texas homeowners will go through the property tax appeal process this year because the appraisal district incorrectly assessed their home's value. Sometimes getting a satisfactory reduction takes some time... http://www.articleheaven.net/appealing-your-property-taxes-929802.html 12th June 2009 Casualty Loss Can Generate Massive Tax Deductions A casualty loss may occur as a result of a flood, hurricane, tornado, mudslide or other natural disaster. The intuitive thought pattern is: "My apartment complex worth $5,000,000 suffered major damage totaling $1,500,000 for repairs and rent loss. Fortuna... http://www.articleheaven.net/casualty-loss-can-generate-massive-tax-deductions-896383.html 18th May 2009