Reduce your Taxes by Investing in Real Estate

Taxes are your biggest expense in your lifetime, so choose your source of income wisely! Real estate has some of the BEST TAX BREAKS of any investment in America!
The more you earn through your job, the more you get taxed, and the system is setup that way to punish hard workers and reward investors. Have you looked at the bottom stub of your paycheck lately and seen how much the government steals from you? Wage income not only requires work, it gets taxed at a very high rate, plus the government takes FICA, which is put into a system that may be bankrupt when you retire.
Body Text: Real estate has so many tax advantages over wage income:
Capital Gains Rates
The maximum federal tax rate on capital gains is 15%, whereas wage income is taxed at 35%. There's state taxes, too, and some states offer further discounts on capital gains income. Remember, capital gains requires that you hold a property for 12 months or more before selling and that it was held for productive use (i.e., as a rental, no a long-term fix and flip).
Exemption for Principal Residence
If you sell your residence, the first $250,000 is exempt from gain or $500,000 if you are married. Remember, this requires that the residence was used as such for two of the last five years.
1031 Exchanges
Under IRC Sec 1031, you can roll your profits from a rental property into more real estate and defer paying taxes altogether. Your tax basis rolls into the next property. The rules are rather stringent, in that the exchange must be completed with 180 days and the exchange property must be indentified with 45 days of the sale of the relinquished property (more info at www.1031x.com).
Interest Deduction
You get to deduct interest you pay on debt you have used to acquire your real estate.
Depreciation
For rental properties, you get a tax deduction for the “wear and tear” on the structure, even if the property increases in value! Thus, you can actually break even or make money, but on paper show a loss to offset other income.
No FICA Tax
Your income from real estate is general NOT subject to FICA tax withholding. Regular self employment income is subject to 15.3% tax on the first $97,000, and thereafter your earned income is subject to medicare withholding (which you may never get back in your lifetime the way things are going!). Article Source: http://www.articlesbase.com

Hiring a Business Tax Attorney

The tax paid by individuals who run businesses and business organizations is known as business tax. There has to be kept in mind that through the intricacies of tax planning and act as advisors and negotiators in case the government contests taxation claims, a business tax attorney is practically guiding the business. Tax liabilities can be minimized by the guidance of a business tax attorney. Also, pay attention to the fact that a business tax attorney can practically maximize profits through the business. If you choose to hire a business tax attorney you may be able to avoid possible tax avoidance investigation by the government. Also, hiring a business tax attorney is recommended because in this way the guidance provided can make expert counsel available in case of litigation.
An important aspect which has to be taken into consideration is being represented by the fact that due to a bewildering range of tax laws relating to sales tax, employment tax, property tax, international business tax, and local and federal tax laws, US tax laws prove to be extremely complicated and confusing for the ones who do not have knowledge and experience. Therefore, there as to be kept in mind that hiring a business tax attorney who will advise on the best way to structure the business in order to take advantage of exemptions and rebates under tax laws without getting into legal hassles with tax departments, is in the interests of those starting a business. Also, pay attention to the fact that, in order to restructure their businesses in a way that maximizes business and minimizes tax, even established businesses need to consult a business tax attorney. Through the nitty-gritty of tax planning for business contracts, acquisitions, mergers, ownership, joint ventures, overseas investment
, divestiture, and lease agreements, a business tax attorney provides with the best guidance for you and your organization.
For more resources regarding appeal attorney tax or even about Arizona tax attorney and especially about tax attorney Philadelphia please review these pages. Article Source: http://www.articlesbase.com

UK Property Investment – Huge Capital Growth on Realestate

UK property investment can provide an enormous sense of gratification that you simply cannot find with other forms of investment. UK Property investment is now enhancing a far more mainstream investment vehicle, available to investors with the knowledge and foresight to spot effective investments before the competition can. Yet while they linger comparatively open and accessible, the road to prosperous property investment and land investment is littered with those who have made a multitude of investment and other mistakes and paid the price.So, you can realize your dreams of UK property investment find the right investment opportunities and avoid the pitfalls along the way. By protecting up-to-date with the current news and articles featured on this website, you will gain the proficiencies necessary to make a profit from your investment. Buying cheap UK property from tormented sellers in the UK for investment objective is quickly becoming popular for many property investors. Experts in the property field unremittingly claim that an investor's money is made when he buys cheap UK investment property. The reason is that when you buy such a property, you can turn it into an lucrative asset and therefore enjoy the profits it offers while benefiting from genuine built in equity from first day.The popularity investment in UK property to rent it out or turn it into a buy-to-let vehicle hinges on the issue that investors can earn a advanced returns with careful property selection and controlled borrowing. Estimations have showed that investing a property in UK has made 66,000 investors into millionaires, according to Midas Estates.For a time, few persons demand that now may not be such a good time to plan a UK property investment, many experienced investors know that now is an excellent point in the property cycle to pick up bargains. With the stabilizing of property prices in the UK, many people deem that the price adjustments present a good opportunity for property investors who are in for the long haul. A long-term approach to property investment is touted as an effective means of ensuring a more financially secure future because of the capital growth the property accrues over a long period of time. As property investors put it, the longer you're in it, the higher your return.Finding cheap propertiesEvery year thousands of UK properties are sold at under market value. Many of UK property investment are released through property auctions regarded by many as one of the best ways to locate cheap properties. Now is particularly a good time to scour auctions with the market experiencing an evening out of prices which means you have a lot less competition. Often properties in auctions are sold cheaply because they require modernizations, renovation or development.To generate wealth through UK property investment, you must search property in areas where capital growth and a good cash flow are possible such as those areas where demand outstrips supply. Article Source: http://www.articlesbase.com

Property Investment

Property investment has always been one of the most common methods of investing capital. Many know that property investment can be a lucrative business option and hence many investors consider it an integral part of their diversified portfolio.

Investing capital in a specific industry like property is a long-term way for individuals or families to obtain financial security for their present as well as future. As property values are rising in many countries, investors can achieve good capital growth.

Here are important points to consider about property investment:

1) The bottom line of property investment is to find an affordable property that can prove to be highly lucrative for the future. Anyone can invest in property and use any number of the many books and guides packed with helpful information that are available on the internet and at local bookstores and libraries.

2) Sometimes this huge amount of information can seem to be complicated and confusing. The best advice is to start from a primary level and then learn some tricks of the trade. If you are a beginner, you must look for a profitable property investment…so seek articles and tips on this.

3) Though the whole scenario of investments is always changing, property investment is still a viable means to enhance your financial portfolio. As time moves on, for example with newer media options of television and internet, new trends in property investment are appearing.

4) In the last decade, a common way to buy and sell property was to buy a house and / or to fix the existing problems. Prepare your property for resale and then sell the house quickly.

5) Residential property investment is the investment that can carry low risk and is not like investing in commercial property where investors have to worry about the conditions of businesses. Property investment loans are not as difficult to get as other types of loans and investing in residential properties can give investors a substantial financial boost.

Investors must consider the surrounding environment. For example, if you are buying residential properties then check whether there are sufficient numbers of schools, hospitals, main roads etc. to support our day-to-day existence.

Also check out the history of capital growth rate in the area in last at least 15 years. Make sure that property investment is worth the capital benefit. You must also consider the population growth rate of the locality.

Investors can also get property investment loans and attain about 106% of the purchase price. However, to qualify for such loans, your financial conditions must be able to sustain your current liabilities as well as the investment home loans. Lenders usually assess your assets, income and credit profile before financing your investments.

Investing in property extensive financial planning, but it also gives you some great tax benefits. Even though the market shifts all the time in the property sector, buying and selling property is always a good industry to be involved in.

If you are planning to invest in property, you need to take advice from experts or you can conduct research on the internet, attend seminars, interact with social groups and then read as much as possible regarding this matter to clear up all your investment doubts. The more you know about market, the better you will become at finding good property investments. Article Source: http://www.articlesbase.com

How Property Investment Advice Supports You to Increase Your Benefits

A property investment advice can provide you a complete help for implementing money in certain sectors of the economy, be it for domestic or international investors. Property investment advice for a several country will based on numerous parameters of the economy ranging from the banks and the banking services of the country, policies under taken by the home government with respect to foreign and domestic investors and most importantly, the situation of secondary markets in the home country.

Different sorts of real estate investments often produce similar returns that is capital growth. But while most potential property investors have undertaken their own home financing and can transfer this experience to similar housing. It is unwise to trust that other property investments have similar features. If you are venturing outside housing for the first time for investment objectives, make sure that you should know the factors of the new market and obtain expert advice if needed.

Similarly be attentive about the property investment seminars - especially those for purchases off a plan. Conventionally speaking, advisors who offer full property investment advice on the full range of your investment requirements. When the price of purchasing an investment property is more than the revenues it earns, you can negatively gear and receive tax benefits. Take property investment advices from your financial advisor to watch how this can work for you. It's popular with investors as you can predict the non capital cost of buying a property from your overall income. The largest amount is primarily the profits; however, you can also claim other costs such as repairs and management fees.

The advantageous are only kick in when the property is earning income.

Capital revenues
One of the main motives to own a property is for capital venture. Yes, you'll pay capital gains on the increased value of the property when you sell, but the tax benefits along the way can be quite significant. Ideal property investment advice is your principle place of residence becomes tax free. It does not signify property investment advice but is based on current tax laws and their interpretation.

I will advice you, if you already purchased your home you can use the equity in that property to support finance your investments. Banks may then be proficient to lend you complete loan amount as your home can be used as security.

These issues, along with lack of a stable market condition can have an unfavorable effect on the stock market of the country in question, which will anyway ward off potential foreign investors. Article Source: http://www.articlesbase.com

California Homeowners Can Reduce Their Property Taxes

California Homeowners are Being Over-taxed

Due to recent decline in real estate value, California homeowners are paying hundreds or thousands of dollars extra in property taxes. Homes bought between 2004-2007 are most likely to be effected by this problem. If you purchased your home within the last four years, you are probably paying more property taxes than you should, based on your original purchase price. Now's the time to file an appeal to the Clerk of the Board to reduce your yearly property taxes.
Your Taxes Do Not Automatically Decrease

As property taxes decline, your taxes do not automatically decrease. It is the responsibility of the homeowner to file an assessment appeal to the Clerk of the Board to readjust your yearly taxes accordingly. The deadline to file appeals is usually 30-60 days after you receive your property tax notice from the assessor's office. Appealing early, ensures that your application is received on time and increases your chances of getting approved for a tax reduction. Although the County Assessor's Office is promising tax reductions to 128,000 homeowners, greater tax reductions can be granted to homeowners who individually file their own re-assessment appeals to the Clerk of the Board. Here's why? The County Assessor's Office only gives a limited tax reduction ranging from $200-$600 becauuse it assesses your property, rather than appraise it. This assessment is based on a national average, but the value of homes in some neighborhoods have declined by more than 50%; homeowners in these neighborhoods should recieve more in tax reductions. If you hire an expert to file the appeals application for you for a reasonable amount of money, this is the best way to go. These experts are real estate appraisers who know how to evaluate and compare the final sales in the immediate neighborhood with an unbiased opinion. I recommend Pacific Coast Securities, an Orange County- based tax reduction company to file the application for you. I've searched around and this company is the cheapest, charging only $79 for their services. Visit their website at pcsappeals.com.
The Appeals Process Can Be Difficult

When filing an appeal, the homeowner needs to know a great deal about the current market conditions, the value of his or her property and extensive knowledge of comparable properties. This information serves as evidence that you are being over-taxed. Filing the appeals application on your own can cause your application to be denied and force you to pay higher property taxes than you should. The No.1 reason County Assessors deny appeals applications for re-assessment and summon homeowners to court hearings is because applications not completed by professional real estate appraisers often contain mistakes and inaccurate market information.
You're Not Alone

Real estate appraisers and attorney can help you file your appeal application to make sure you are approved. However, there are companies that are charging up to 50% of your savings to file the application which can average to as little as $1000. A company that I used this year to reduce my property taxes is Pacific Coast Securities, The Tax Reduction Specialists. They were very affordable and efficient. They only asked for a one time fee of $79 to file the application. I saved about $1300 in property taxes with their company.
Their website address is http://www.pcsappeals.com
Article Source: http://www.articlesbase.com

The Role Of The Property Tax Consultant In Litigation

In the event that a valuation settlement cannot be reached during the administrative remedy, the property owner and/or manager often ask for recommendations regarding possible litigation from their property tax consultant. Since litigation support is a large practice area in the property tax consultant industry, consultants play various roles. These roles can range from passive to intricate participation during the litigation process. The absolute least agent participation level should include advising the client that an ARB order has been issued and the deadline for filing appeals.

In both scenarios, the consultant handles the property tax appeal through the administrative remedy, which includes protecting the taxpayer's rights and providing remedies available in the Texas Property Tax Code. In a passive role, the consultant's participation typically ends with issuance of the Appraisal Review Board's (ARB) Notice Of Final Order. At this point the property owner assumes the responsibility of appealing a protest provided by Subchapter C of Chapter 41, Section 25.25 or Subchapter B, Chapter 24. The taxpayer will retain legal representation and expert witnesses necessary to proceed with their litigation.

In the latter case the owner will rely on the consultant to become part of the litigation team, typically made up of an expert witness, attorney and the consultant. Each team member has a fiduciary relationship with the property owner and this must be understood and kept in mind. The members of the litigation team bring different areas of expertise, which are needed in order to bring a successful conclusion to a property tax lawsuit. For example, a real estate appraiser might be designated as the expert witness. In addition to preparing a market value appraisal, fair and equitable study and giving testimony, the appraiser may be asked to provide additional services, including: [1]

1. Advising an attorney on matters of standards of practice, professional code of ethics, market data sources, and industry trends

2. Helping frame questions for appraisal experts on either side of the case at depositions and during trial testimony

3. Case management

Additionally, the appraiser can also be utilized to identify incorrect methodology, inaccurate data, and an inaccurate application used by appraisal districts.

The attorney is the captain of the litigation team and his fiduciary relationship with the property owner trumps all other activity involved in the litigation. The relationship with all other team members is secondary to that of the relationship between the attorney and the property owner. Further, other team members must be aware not to engage in any activity that constitutes the unauthorized practice of law. Once litigation has been filed, the property owner will become the Plaintiff and will be the direct client of the attorney. The agent is not the attorney's client. Thus, communications between an attorney and the tax agent may or may not be confidential and may be discoverable. Privileged communications should most often be directly between the owner and attorney.

The attorney's role includes counseling the property owner on the feasibility of litigation, defining and explaining the taxpayer's rights, disputed facts, and remedies. Generally, the litigation process includes the filing of the petition, discovery of the facts (informal and formal interrogatories, requests for production, depositions, disclosure of experts, requests for admissions, etc.), motions to the court, pretrial proceedings such as case management conferences, settlement conferences, referral to mediation or arbitration, preliminary motions to allow or exclude evidence at trial, pretrial briefs, trial preparation, jury selection and instructions, trial by judge or jury, post-trial motions, and appeal of the judgment.

Consultants who participate in litigation support can be divided into two categories; involved and heavily involved. The consultant that falls in the first category will generally work as a conduit of information between the owner and the attorney. For example, the consultant would forward the attorney copies of evidence used during the administrative process, Notices of Final Order, and other general information.

[1] As defined in The Appraisal of Real Estate, Twelfth Edition
Article Source: http://www.articlesbase.com

Do You Really Need a Tax Attorney?

You may find yourself in the position of believing you need a tax attorney. Depending upon your situation, this can be beneficial to you. If you have some facts, it can help you to decide if this is your best option.

One instance in which a tax attorney is your best option is if you have not kept your tax payments up-to-date. Whether this is due to simple lack of adequate knowledge about your tax obligations, or from neglect, you may find yourself in the position of either knowing or assuming that you owe taxes which you have not paid. Personal problems, business upheavals, and other factors occasionally figure in to many people not paying their taxes on time. Tax issues can also be a problem for those who have recently changed their filing status, or for those who are dealing with business taxes.

If you owe back taxes, a tax attorney can help you. This kind of help does not relieve you of your financial obligations; instead, it makes your obligations clear to you, and gives you the information you need to meet your obligations. A tax attorney can help you with the necessary paperwork, figuring how much tax and possible penalty fees you owe, and the most reasonable method and schedule for making your payments.

A tax attorney can also help if there has been a discrepancy with various aspects of your taxes. For example, if your tax return was not completed correctly, resulting in overpayments or making a smaller payment than you should have made, a tax attorney can assist in correcting the information and dealing with your payment status.

If you have decided that you need the services of a tax attorney, it is essential that you find one who is qualified. While you may be tempted to take shortcuts in order to save money, in the longrun you will be saving not only money but time and unnecessary stress if the tax attorney you choose is qualified and experienced. When you are in the market for a tax attorney, it is in your best interest to determine in advance if he meets these standards. As some attorneys offer a free initial consultation for prospective clients, you will have the benefit of being able to request this information before you enter into an agreement to work with a particular attorney. If he or she is recommended by a previous client who was completely satisfied with the full scope of his or her services, this is also a good sign that you are dealing with an experienced, qualified professional.

Although the prospect of dealing with a tax attorney may seem intimidating, if you are facing financial or legal problems associated with your taxes it is the first and most important step in getting your tax issues resolved. In order to get the best possible results, and to avoid any unnecessary pitfalls, it is essential that you choose the tax attorney who is qualified to meet your needs. Article Source: http://www.articlesbase.com

Overseas Investment Property

Overseas investment property offers many benefits to the astute investor. With locations offering established or emerging overseas investment property markets, there are many attractive options.

Investors are inevitably drawn to the current overseas investment property “hotspots”, where property can be secured at comparably low prices. These areas often offer high capital appreciation, as tourism is attracted and re-development is undertaken to maximise rentals and the resulting returns/profits.
As well as investors being attracted to overseas investment property opportunities due to the high capital growth and rental returns predicted, many opportunities are also offering an element of personal use.
Not only is the personal use element an added attraction that investors may not benefit from in UK property investment (for example), this can also substantially reduce the cost and increase viability of travelling abroad to your investment property for holiday purposes.
Particularly with more economical flight packages on offer to popular destinations and the comparably lower cost of eating, drinking, etc. The cost saving of accommodation for investors is a very attractive proposition.
Investors particularly interested in the personal use aspect of overseas property investment may be governed by the country and area in which they would like to visit and spend their free holiday time in the foreseeable future.

Overseas investment property opportunities within a few hours flying time may be a viable option for weekend visits, whereas countries with flight times in excess of 10 hours (for example) may not make a short stay an attractive proposition and would be more suitable for visits of 7 days or over. Certainly an important factor to consider to ensure that you can make the most of the personal use that your chosen overseas investment property has to offer.
One thing is for certain. Overseas investment property can not only offer substantial capital growth and rental returns, but also a set period per year of personal use can offer further investor savings when it comes to travelling abroad.
For investors interested in overseas investment property, there certainly are numerous benefits which can offer the best from both business and pleasure. Article Source: http://www.articlesbase.com

Easy Daily Cash - A Home Business Review

In today's economy, more people than ever before are looking for a way to earn extra money without having to work a 2nd or 3rd job. For many, starting a home based business, or an online home business
, is the answer to earning an additional income.

There are a number of various home-based businesses to choose from. One online home business that has recently launched, and is creating a lot of attention, is Easy Daily Cash. This home business claims to offer an income opportunity along with a product that is in demand today. Let's take a closer look at Easy Daily Cash and what they offer.

There are a lot of people looking to start a business on the Internet today. For many of these people though, they don't know what to do, or they don't have the right tools to build a business online. Easy Daily Cash is helping to solve these problems by providing a packaged collection of Internet software. This package includes everything that anyone will ever need for their computer, or to start their own online home business. In fact, the package is so large that it could literally take you days to download all of the software they include.

The collection is said to be valued at over $115,000. The demand for computer and Internet software is a 600 Billion dollar a year industry. That's important, because one of the things to look for prior to starting any home-based business is that you have a product that is in demand. Everyone can use software for his or her computer, or his or her Internet business.

Easy Daily Cash is also a home business opportunity. With their system a person will earn a 100% commission on every sale. This money is paid to that person directly, not the company. There is no waiting on getting a check. The company uses a 2-up pay plan. This is a proven pay plan that is currently used in many different industries outside the home business arena.

The owners of Easy Daily Cash also make themselves available to everyone Monday through Friday. This makes it easy to get the answers to any questions someone may have. They even list their phone numbers on the replicated websites. It is important to note that Easy Daily Cash is not a network marketing or MLM. They are a direct sales company.

Having more free time and living a more satisfying life is the goal of every home-based business owner. Easy Daily Cash tries to help make things easier by offering a wide range of marketing tools and ideas. These tools include an individual marketing website, marketing tools and advertising, free leads, an available autoresponder loaded with 7 pre-written messages, as well as lead packages. Many of their tools will allow even the busiest of people to market their business passively if they desire.

Easy Daily Cash is taking advantage of the popular and ever-growing software market. If you have been looking to start your own online home-based business you may want to take a closer look at this opportunity. Article Source: http://www.articlesbase.com

The Best Time for Atlanta Realtor

Atlanta, the capital city of Georgia has amazingly transformed itself in last few years into internationally acclaimed commercial hub. It reflects in Atlanta everywhere especially in life style and real estate sector of the city. Due to ample job opportunities, this city is facing huge inflow of working forces and prominent real estate company like ‘Gordon Street Realty’ perfectly understand the need of the city and hence it is all set ready to provide the best houses, apartments, office spaces, etc.
Today, the city is taunting itself as “the city too busy to hate”. But, story was not same all the time. First time, it was opened for white settlement around in the year 1823. Originally, it was inhabited by the Creek and Cherokee Native American. After the construction of Atlantic Railroad line in 1836, it became the major trade route to the Midwest. Later on, even American civil war severely affected development and prosperity in this zone. But, after the war again it was rebuilt and recognized as the official capital of Georgia in 1868 and from that year onwards, the city is simply blooming everyday. It has become more vibrant and widely recognized for popular music. Great foods and eateries are also pioneer center of attraction for the tourists. In concluding words, heat of ease in Atlantic life style can be experienced by analyzing the growth of real estate business.
There are varieties of speculations amongst Atlanta realtor. They say that the greatest boom in Atlanta real estate is yet to come. So, even financial advisers have supposed that investment in Atlanta property is a wise decision. An investor can check property prices listed in Atlanta real estate market. It would be the first step towards investment. A proper study of the current real estate trend is extremely essential. Investors also can browse Atlanta magazine, newspaper and website for information. But, before approaching any agent, few points must be very clear. Investors must have idea about their investment limitation, must carry credit report from bank, cash availability for down payment, interest rate and so on. Investors also should be ready for paying few other charges like attorney’s fee, taxes and other transfer fees.
Before finalizing and paying full amount, investor must visit the site and takes care of location, basic facilities and other amenities. However, Gordon Street Realty itself takes care of such things. Almost all prominent companies including Gordon Street Realty make sure the availability of hospitals, schools, colleges, recreational centers, etc in near about locations.
Atlanta has always remained a very important location from the date of its establishment onwards. Even in contemporary circumstances, it has maintained and upgrading its identity. The city is remarkably establishing its importance amongst industrialists and hence demand of property is rapidly rising here. This article explores different aspects of Atlanta city.
Article Source: http://www.articlesbase.com