When Do I Need A Tax Attorney?

Sales And Use Tax Audit traps

If you’ve been dealing with the IRS, you may wonder if you need a tax attorney. The answer depends on your situation. If you have a complex tax issue or are facing an audit, it’s probably time to seek professional help. A tax attorney can represent you in negotiations with the IRS and help you … Read more

10 Tips To Cut Your Property Tax

property tax millage rate

Property taxes are decided collectively by school boards, town boards, legislators, and councils. The tax rate is set by collating the number of funds an area needs. This is divided by the area’s “total taxable” assessed value. The tax an individual pays is computed by multiplying the tax rate by the assessed value of your … Read more

Are Property Tax Records Public?

3 Personal Property Tax

For many people, the thought of their property tax records being public is a bit unnerving. After all, this information can determine how much your home is worth and even where you live. However, in most cases, these records are available to the public. So what does that mean for you? Let’s examine property tax … Read more

Washington State Property Tax Basics

Washington State Flag

In Washington State, property taxes are one of the largest sources of revenue for local governments. They are also a significant source of funding for public schools. Property taxes are levied on both real and personal property. Real property includes land and buildings, while personal property includes cars, boats, and RVs. The tax rate on … Read more

Don’t Forget Physical Deterioration

Are Your Missing Physical Deterioration? The most apparent elements involve physical deterioration, which can be significant enough to lower an asset’s market value. The Mass Appraisal and Equalization Systems consistently miss this critical aspect related to property tax appeals because they don’t take into account how old buildings might have suffered wholesale renovations or replacements … Read more

7 Simple Steps To Appeal Your Property Taxes

7 Basic Steps To Appealing Your Property Taxes When you’re considering buying a house, the first thing to do is to determine if the property’s assessed value might be too high. You can find this information by looking up your county assessor on Google.  Don’t forget about the assessor when looking at properties that might … Read more

Sales And Use Tax Audit Traps

Sales And Use Tax Audit traps

Common Sales And Use Tax Audit Traps Here’s a lesson in business management for you: taxes are important. When businesses forget to track sales tax on their products, they can end up paying more than expected – which could be devastating! One of the most common mistakes businesses make is failing to calculate sales tax … Read more

The 3 Most Common Personal Property Tax Reduction Opportunities

3 Personal Property Tax

Depreciation Versus Market Value Is Costing You Thousands The property tax code defines the valuation method for personal property as “market value.” However, most appraisal districts still assess your property on a depreciated cost basis, resulting in your overpaying every year – especially on software, technology assets, and office furniture. Three Common Mistakes There are … Read more

California Residents – Have You Factored In Prop 19 In Your Estate Plan?

California Prop 19

California Property Taxes – Have You Factored In Prop 19? What Is Prop 19? In California, property taxes aren’t as straightforward. There are more variables to consider, such as your established tax rate and the home’s assessed value. The Golden State has recently passed numerous laws that mandate property tax rules. The most recent was … Read more