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

Property Tax Appeals Lawyer – What Do They Do?

Property Tax Appeals Lawyer

Property Tax Appeals Lawyer Reduces Your Property Tax Bill Our property tax appeals lawyers are here to help you appeal your municipal taxes. They have the expertise, experience, and capability needed for any assessment case, whether commercial or residential, tenant-occupied buildings, or not. With our assistance in navigating through state statutes and local ordinances concerning … Read more

Due Process Rights In Property Tax Appeals Reinforced

Property Tax Appeals - Chicago

Due Process in Property Tax Appeals Upheld By 7th Circuit Generally, the Tax Injunction Act (28 USC 1341) prohibits federal courts from exercising jurisdiction over state tax disputes where the state had afforded the taxpayer a “plain, speedy and efficient” process to remedy tax disputes where federal constitutional claims may intersect.  However, this requires that … Read more

SALT Deduction Limitation Upheld

The 2017 federal tax law, which President Trump signed after a party-line vote in Congress, limited to $10,000 the state and local tax payments that families can write off on their federal income taxes if they itemize deductions. The provision, known as the SALT cap, disproportionately affected residents of wealthy, high-tax states, where residents are more … Read more