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A Dangerous Duo: The IRS and the Tax Assessor

June 21, 2021

To get our complete, FREE article
with all the details…

Knock, knock.

Who’s there?

The IRS tax auditor.

The IRS tax auditor who?

The IRS tax auditor who’s going to make your life a living hell because you don’t have proof of your cost allocation to land and depreciable buildings.

Actually, this is no joke.

If you own rental property, you’d better come up with a reasonable method for determining the value of your land and buildings for depreciation purposes.

If you can’t, you may be in big trouble.

To get our complete, FREE article CLICK HERE

The IRS may use a new tactic against you.

The IRS has recently started to use information found on the Web to grab your tax assessor’s allocation and use it to slash your depreciation deductions!

IMPORTANT: You need to provide proof of your allocation calculations. What’s more, you have to provide it to the IRS on a timely basis.

If you don’t keep detailed, accurate documentation, the IRS may decide to dig deeper and really rock your world.

Want to avoid the pain of a comprehensive audit?

CLICK HERE and read the full complete article…

“When the IRS Arrives at the Audit with the Tax
Assessor’s Allocation to Land and Building”

Filed Under: Depreciation, Records, Rental Properties, Tax Planning

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