Monthly Archieve : April 2011

What is Chattel?

Posted on April 23, 2011 by Jeff Hobbs

To put it simply, "chattel" is personal property (Section 1245). It can also be thought of as movable property (comes from the French) in contrast to [Read More]

Is Cost Segregation Legitimate?

Posted on April 17, 2011 by Jeff Hobbs

Cost Segregation is not only legitimate but, in fact, it's basis for existence is rooted in MACRS, or Modified Accelerated Cost Recovery System, the p [Read More]

Is my gift of property or other assets taxable?

Posted on April 14, 2011 by Jeff Hobbs

If you gift someone money or property during your life, you may be subject to the federal gift tax. Most gifts aren't subject to the gift tax, however [Read More]

How can I save on my income taxes?

Posted on April 12, 2011 by Jeff Hobbs

Tax time is almost over...at least for Round 1!  For those who own commercial buildings or residential rental property and you just wrote a big check [Read More]