finance

A 1031 Exchange Offers Investors Options for Deferring Capital Gains Taxes

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A tax deferred exchange or 1031 exchange is a strategy or tool that can be used by an investor to sell property, as long as it qualifies, and then buy another like-kind property.  Since the transaction is treated as an exchange rather than a sale, investors qualify for a deferred gain.  The law can be … Read more

Tax Continuing Education And The New Healthcare Rules

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The Patient Protection and Affordable Care Act includes changes in the delivery of health insurance and several new income tax provisions. The implementation of these new rules over several years is a major focus oftax continuing education for Enrolled Agents and other tax professionals. Coverage Changes Starting in 2010, an adult child up to age … Read more

For the people who still think healthcare reform bill is a good thing

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Top-Line Facts: * Spending:  The cost of the bill is .5 trillion over 10 years of full implementation (2014-2023). * Taxes Increases: Taxes will go up 3.6 billion—nearly half a trillion dollars. * Medicare Cuts:  Medicare will be cut 4.6 billion—another half a trillion dollars. * Total Number of Pages:  2074 * Government Plan:  The … Read more

Three invaluable assets in times of adversity

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Until the worst happens, we tend to consider ourselves immune to catastrophes. However, sooner or later, you may have to face a critical situation in your life. Sickness, loss of a job, a flood, a car accident, or poverty can happen to anyone. Misfortune may knock on your door without warning. If it catches you … Read more