Julio Gonzalez's (salsa008) Blog

Cost Segregation Studies and Passive Activity Losses Cost Segregation Studies are an IRS Approved method to reclassify tangible personal property from real property and accelerate the depreciation. The reclassification of tangible personal property from real property and the difference in the dep...

Understanding the IRS Audit Process A tax return may be examined or audited for a variety of reasons.  For instance, a return may be selected for audit based upon computer scoring because items on the return don't fit the "norm".  This scoring system is known as the Discriminant Inventory Functio...

President Signs and Extends Renewable Energy Tax Incentives A number of the energy efficiency and renewable tax incentives set to expire at the end of the year were finally extended by Congress and signed by President Bush on October 3rd, 2008 West Palm Beach, Florida - October 5, 2008 - The Pres...

What is an Insurance Appraisal and How Can It Lower Your Annual Premiums and Federal Taxes? An insurance appraisal is a replacement cost analysis that provides an accurate estimate of the amount of insurance required to replace each structure and/or amenity exactly as it stands on the day the re...

ARE YOU READY TO TAKE ADVANTAGE OF THE NEW COMMERCIAL TAX INCENTIVES?   INTRODUCTION You may be eligible for a tax deduction of up to $1.80 per square foot for improving the energy efficiency of your existing commercial buildings or designing high efficiency into new buildings.  The Energy Policy...

Apartment Building Owners take a trip Back to the FutureBack to the Future :: Taxpayers who owned real estate in 1999, especially those who owned apartment buildings, had a great year.  Why was 1999 significant for owners?  How could taking a look back affect your future?  Click Full Article to r...