Professional Experienced Tax Resolution services
Auction Spear has teamed up with Liberty Tax Defenders to help you solve your IRS problems
Liberty Tax Defenders is a Texas-based tax settlement company that specializes in helping individuals and businesses all over the country resolve their IRS problems and get their lives back. Liberty Tax Defenders takes pride in guiding you through every step of the way to help settle your IRS back taxes. We communicate with the IRS on your behalf and get the best possible outcome for your personal situation by utilizing our proven system.
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The 8 Secrets The IRS Does NOT Want You To Know!
Why has Auction Spear teamed up with
Liberty Tax Defenders?
Auction Spear and Liberty Tax Defenders offer services in common. While Liberty Tax Defenders helps defend you against the IRS and in many cases has lowered or eliminated taxes owed, Auction Spear also helps reduce local property taxes on businesses through asset liquidations.
Clients who owe the IRS can also liquidate personal and business assets through our online auction services in an effort to help raise funds to pay off taxes owed.
Check out Liberty Tax Defenders and make sure to get your FREE report,
" The 8 Secrets The IRS Does NOT Want You To Know!
Ryan M. Scottsdale, AZ
Brittany, Dallas, TX
Rockie G. Ft. Worth, TX
Reduced Inventory Valuation
Many jurisdictions calculate property taxes based on the total value of a business’s assets, including inventory. By liquidating excess or obsolete inventory, you lower the overall valuation of your business assets, leading to reduced tax liability.
Avoiding Depreciation Penalties
Holding onto excess inventory can lead to depreciation over time, which not only reduces its resale value but also increases its negative impact on your balance sheet. Liquidation auctions allow you to sell inventory while it retains higher value, reducing your taxable asset base effectively.
Smaller Storage Footprint
Excess inventory often requires additional storage space, which could increase property taxes associated with larger facilities. By liquidating inventory, businesses can downsize to smaller warehouses or utilize existing space more efficiently, lowering tax expenses tied to real estate.
Improved Asset Management
By regularly liquidating slow-moving inventory, businesses maintain a leaner, more strategic asset profile. This disciplined approach to inventory management often results in lower overall property tax assessments.
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Additional Tax Benefits of Liquidation Auctions
Operational Expense Deductions
Costs associated with the liquidation process, such as auction fees, transportation, and marketing expenses, may be tax-deductible. This reduces the overall financial burden of selling excess inventory.
Capital Recovery
Liquidation turns idle assets into working capital, which can be reinvested into more tax-efficient or profitable business operations. This proactive approach helps align financial strategies with tax minimization efforts.
Inventory Write-Offs
If inventory is sold at a loss or discarded, businesses may qualify for write-offs, further reducing taxable income.
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Why Use Online Auctions for Liquidation?
Quick Sales and Faster Tax Adjustments
Online auctions ensure that inventory moves quickly, allowing businesses to promptly adjust their tax filings to reflect the reduced asset base.
Market-Driven Pricing
Auctions often result in competitive pricing, helping businesses recover a significant portion of the inventory’s value while enjoying the associated tax benefits.
Efficiency and Reach
Online platforms provide access to a global audience, ensuring the maximum number of potential buyers and a smoother liquidation process.
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Conclusion
By leveraging online auctions for inventory liquidation, businesses can not only free up valuable space and recover capital but also strategically reduce their property tax obligations. This dual benefit of improved cash flow and reduced tax liability makes liquidation auctions a smart financial decision for businesses of all sizes.