1031 Exchanges and Net Operating Losses
Companies that sustain a net operating loss from the results of their trade or business (including excessive depreciation deductions), can use that loss to reduce their taxable income in the two...
View Article1031 Exchange Misunderstandings
One of the most common reasons why taxpayers do not take the opportunity to reduce their taxes with 1031 exchanges is because they frequently do not understand the rules. Let’s review Four...
View Article1031 Exchanges and Foreclosure Properties
The sale of real estate through foreclosure is treated as a taxable gain or loss. The foreclosure is taxable when the adjusted tax basis of the property is less than the fair market value of the...
View ArticleEliminate Taxes with 1031 Like-Kind Exchanges
Since 1921, well-advised Americans have not paid taxes on the sale of their property, here and overseas, using like kind exchanges. More than 80% of sales of commercial real estate are not subject to...
View ArticleIRS Audits and 1031 Like-Kind Exchanges
IRS Audits and 1031 Exchanges When the IRS requests to examine your income tax return in a year in which you performed a Section 1031 Exchange, here are a few items you should be prepared to provide to...
View Article1031 Exchange Qualified Intermediary
Qualified Intermediary A Qualified Intermediary (QI) facilitates a tax-deferred exchange. The IRS requires the use of a QI for a Section 1031 Exchange. The purchase and sale contracts are assigned to...
View Article5 Steps to Maximize your 1031 Like-Kind Exchanges
How can 1031 Exchange Management help your Company achieve its operational goals? In spite of the technical nature of tax deferred exchanges, these transactions can be handled with a minimum of...
View ArticleWhy 1031 Exchange?
Why 1031 Exchange? The majority of investors seldom use of one of the most valuable techniques for increasing and preserving their wealth once it is made: The 1031 Exchange. A Section 1031 property...
View Article1031 Exchanges and Net operating Losses
A common dilemma facing CPAs and Company CFOs, particularly during the last recession, is whether to use Section 1031 exchange to defer taxable gains from the sales of used equipment if the Company is...
View Article1031 Exchanges – 2013 Tax Recap and a Look ahead at Tax Reform Proposals
2013 Tax Recap and a Look ahead at Tax Reform Proposals Higher Income Tax Rates [for households with income with incomes in excess of (i) $450,000 (for married persons filing jointly); (ii) $225,000...
View Article1031 Exchanges of Art Work
Collectibles are subject to a 28% capital gains tax which is higher than most capital asset taxes. Collectibles are exchangeable provided that they are held for investment and not for personal use. Art...
View ArticleFive Steps to Maximize your Section 1031 Exchanges
How can Section 1031 Exchange Management help your Company achieve its operational goals? In spite of the technical nature of tax deferred exchanges, these transactions can be handled with a minimum...
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