Real Estate Tax Attorneys: Tax Planning & Property Disputes (2024)

We Help With Real Estate Taxes

Owning a rental estate can be a profitable and rewarding investment and business, but it’s important to be aware of the tax rules that apply to real estate. As experienced tax attorneys, we help clients navigate real estate tax law.

Our real estate tax practice focuses on income tax savings from real estate and property tax disputes. We often function as our client’s in-house tax attorney for their real estate transactions.

Our attorneys have extensive experience assisting clients in planning for capital gains on development projects and minimizing taxes through real estate ownership and investment.

Our attorneys also have an enviable track record when it comes to Texas property tax protests and appeals and litigation.

Real Estate Taxation Attorneys

One of the most significant benefits of real estate is that it can reduce your income taxes. There are tax benefits of real estate investing. There are rules for landlords that necessitate landlord tax planning and additional tax rules that apply for raw land, short-term rentals, hotels, and commercial property and inherited properties.

If you are a landlord, hotel operator, or have a commercial property, you are able to deduct many of the expenses you incur for your real estate. This includes your mortgage or loan interest, real estate taxes, and other expenses, such as repairs, insurance, property management, and professional fees. You may also be able to deduct depreciation–maybe even bonus depreciation and other non-facilitative expenses to acquire real estate.

If you are not a landlord but hold real estate for investment purposes, you can deduct the carrying costs.

These deductions may exceed the rental or other income from the real estate. Unlike losses from stocks and other more traditional investments, real estate losses can sometimes be used to offset tax incurred on wages and other income.

This means that if you have a net loss from your real estate, you may be able to use the loss to offset income taxes that would otherwise be due on your other items of income. This is especially beneficial if the real estate loss can offset wages that are subject to tax at the higher tax rates and if the tax is offset at a time when the taxpayer is in their peak earning years. Is real estate a good tax shelter? The answer is “yes,” it can be.

We have experience working with development projects, accounting methods for design and construction, tax-motivated financing, Section 1031 exchanges, Section 1033 involuntary conversions, bonus depreciation, cost segregation, opportunity zones, and capital gains transactions–including structuring real estate commissions to save on taxes.

You can read more about income tax planning for real estate here.

Property Tax Lawyer

We also help with Texas property tax disputes. We offer a wide range of services to help with the compliance and negotiation of property taxes.

We handle property tax protests, property tax exemptions, and delinquent tax litigation.

Our firm has a dedicated practice group that focuses on property tax disputes. Our focus is on lowering commercial and residential real estate taxes.

We have been helping people in the Houston metro area for many years, including those who are working to get their property taxes lowered for commercial or residential real estate taxes.

This work is limited to the counties in and around the Houston-metro area, such as Harris County, Fort Bend County, Galveston, County, and Montgomery County. Our property tax attorneys know our local tax assessors and what to expect.

Experienced Real Estate Tax Attorneys

Whether you’re a landlord looking to maximize your rental property deductions or looking for a real estate appeal attorney, we can help.

We are experienced real estate tax attorneys in Houston, Texas. We help clients plan for real estate and related tax issues for properties located all over the world.

You can contact us at (713) 909-4906 for tax questions about your real estate.