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TheGoldenParachute.com
Practical personal finance tips to help you save you money on investing, purchases, loans, credit cards, travel and everyday life.
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American Corporate Register, Inc.
Incorporate in Nevada, NO TAX on capitol gains, dividends, interest, rents, royalties, stocks, etc. stockholders are not public record.
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Taxtips.ca - Canadian Income Tax and Financial Information
Taxtips.ca - Canadian tax and financial information. Reduce taxes and build wealth - individuals and small business
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OSG - The Tax Advantage
OSG is the leading national provider of proven state and local tax solutions. We specialize in delivering integrated multi-state property tax and sales & use tax, tax administration, tax reduction, tax compliance, and complete tax outsourcing services.
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PBS Tax and Bookkeeping Service
PBS Tax and Bookkeeping Service, specializing in the trucking industry, providing expert tax preparation, bookkeeping and bookkeeping software for truckers. Developers of Truck Books bookkeeping software for truckers who wish to do their own bookkeeping. Call us at: (800) 697-5153. Trucking Job
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Steven Sanders, CPA
Looking for a high quality accounting firm to help you save money on taxes? Search no further because Sanders & Son, CPA's, LLP located in Amherst, NY can help you start saving money today.
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Netscape Business Channel
Netscape finance provides users with comprenhensive business feature articles, up to the minute news, financial resources, real time stock quotes, and portfolio management resources.
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Earl Thomas - State and Local Tax Consulting
At Earl R. Thomas & Associates, we focus exclusively on state and local taxation, and how it affects your business.
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Research Press Inc.
In-depth, objective answers to your questions about asset protection and international tax law.
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Http://www.cost-segregation.com
What is Cost Segregation?
Cost Segregation is a strategic tax savings tool that allows companies and individuals who have constructed, purchased, expanded, or remodeled real estate to increase their cash flow by accelerating depreciation deductions and deferring their federal and state income taxes.
The goal of a Cost Segregation study is to identify, segregate, and reclassify project-related costs that are currently classified as real property to a shorter depreciable tax life for federal and state income tax purposes. Recent IRS rulings and procedures have allowed taxpayers to change accounting methods to take advantage of these previously understated depreciation expenses--back to 1987. This is done without amending tax returns.
Cost Segregation started in the 1960s and has been called component depreciation studies, investment tax credit studies and various other names. No matter what name you use--cost segregation can save you tax dollars and increase your cash flow. There are over 300 court cases and I.R.S. rulings that support the benefits of cost segregation. The following is an example.
Hospital Corporation of America v Comm. 109 TC 21 (1997) ruled that certain assets associated with a specific piece of equipment not linked to the normal operation and maintenance of the building qualify for five-year depreciable tax lives instead of 39-year depreciable tax lives.
Essentially, the tax courts and IRS have agreed that the taxpayer can use a Cost Segregation study to segregate the cost of his assets.
Bottom Line
Increased Cash Flow. Real estate and property taxes
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