Real estate has undergone a lot more changes in the last couple of years. In Houston real estate is witnessed as a conducive combination of technology. The taxes related to real estate is the second highest tax in the U.S. It is an inevitable part of money management. It offers a big source of income. Whenever you are generating a big source of income, a hassle with tax issues is always linked with it.
If your assets are not on the right track, don’t risk a situation. Seek the guidance of a qualified lawyer to follow the right way. Having the attorneys of a reputed firm by your side assures you the foremost benefit in the real estate world. When you are thinking of settling the taxes of real estate property, call the lawyers of Mitchell Tax Law. Our attorneys navigate the complexities and guide you to reduce the tax in all ways. If you are facing an IRS tax audit or want to set up some state planning, we are there to overcome you. We practice income tax saving and property tax disputes to settle them lawfully.
We arereal estate tax attorneys in Houston familiar with the tax rules and regulations. If you are a landlord, hotel operator, or deal in commercial property, you can deduct many of the expenses. It includes mortgage, loan interest, real estate taxes, and other expenses such as repair, insurance, real estate management, and professional fees. Many kinds of depreciation also need to be taken care of. These deductions may exceed the rental or other income from the real estate.
We are experienced in working with development projects and accounting methods for design and construction. These changes come under 1031 exchanges which allow investors to defer capital gain taxes.
Dealing with the IRS in the field of tax is tricky. The IRS has several methods to collect taxes. Our lawyers organize all the affairs to free you from unnecessary taxation. We review your document carefully and give you all the possible deductions carefully. We execute the lien and title search and represent in front of the IRS and other tax authorities. We stay in links with compliance with local state and federal tax law. Now you can timely fill in tax returns related to estate holding and transactions. Schedule your appointment today and resolve all kinds of tax issues.
No comments yet