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Real Estate Investment Bulletins
  December 2008
www.poconnor.com
  

Advisory bulletins for those involved with real estate — owners, investors, REITs, CFOs, accountants,
lenders, brokers and attorneys.

Casualty Losses Don't Have to Mean
Financial Losses
A casualty loss may occur as a result of a flood, fire, hurricane, tornado, mudslide or other natural disaster. Most real estate owners and investors do not consider casualty losses as a source of tax deductions. Few investors claim the casualty loss tax deduction the federal income tax code allows them. Click here to learn how casualty losses can save you thousands of dollars on your federal income taxes.

Bonus Depreciation
There is a silver lining to the country’s economic slowdown. Congress has approved, as part of its national stimulus package, “bonus depreciation” for 2008. The benefits include the ability to take additional depreciation on qualifying property in 2008 than the standard amounts. The caveat is the very short window of opportunity to take advantage of this package. Read more..

Year-End Tax Planning Approaches
As we close on 2008, there is still time to reap substantial benefits from your real estate investments. Using cost segregation allows property owners and investors the opportunity to increase property depreciation, reducing federal income taxes by thousands of dollars. Click here to learn how cost segregation can benefit you.

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For More Information Contact:

Mike Olivares 713.375.4291
or molivares@poconnor.com

O'Connor & Associates -- Your Key to Real Estate Success
Corporate Office:
2200 North Loop W., Suite 200
Houston, TX 77018
1-800-856-7325

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Benefits of
Cost Segregation

  • Accelerate depreciation

  • Defer federal income taxes

  • Effective for properties with a cost basis as low as $500,000

  • "Catch-up" under-reported depreciation without filing amended income tax returns

  • Free preliminary analysis


About O'Connor & Associates

O'Connor & Associates is a real estate consulting services firm, conducting business nationwide. Our professional staff in Houston, Dallas, Los Angeles, Newport Beach, and Atlanta is available to help you with your tax, business and real estate valuation matters, including cost segregation studies, commercial real estate appraisals, commercial property tax reduction, due diligence, insurance valuation, and litigation support.