TAKE SIMPLE STEPS TO STAY SECURE! Threats to technology and confidential data from phishing scams, website spoofing, ransomware and malware are becoming more and more common. Ninety-five percent of security breaches are due to human error, so it’s imperative to...
Ninety percent of people we recently surveyed thought owning a home is part of the American Dream. Interestingly enough, more than half believe they will never own their Dream Home – with the younger generations being most pessimistic. Great news is that with advance...
Partial Exchange? Strategies to achieve 100% tax deferral. A 1031 Exchange allows a taxpayer to defer 100% of their capital gain tax liability. To do this, the exchanger must buy new Replacement Property equal to or greater than in value to the property sold and...
If you are considering the sale of investment property, rather than a tax liability of up to 40%, you may utilize a 1031 Exchange to defer the following taxes: Capital Gains – Your rate will vary based on your taxable income . For 2025, your rate may be 20% if taxable...
Replacing VALUE of Debt to Fully Defer Taxes Many taxpayers (and tax advisors) are under the misconception that the IRS mandates that they must have equal or greater debt on their 1031 Exchange Replacement Property (property taxpayer is purchasing). This is not the...
1031 Due Diligence – Questions to ask a QI Section 1031 of the Tax Code requires that a 1031 Exchange intermediary hold the net sale proceeds from your sale until you purchase your new property. What you might not know is that during the last recession, real...
Basis Limit in Passthrough Law Shouldn’t Hinder Like-Kind Exchanges by Eric Yauch, Tax Notes, July 23, 2018, p. 560. Regulators shouldn’t interpret a passthrough deduction provision to create a double burden on taxpayers that engage in like-kind exchanges, such as...
