Are you searching to determine what is ? Simply as the saying goes, we reside in a perilous world. Almost all things we do encompasses a certain amount of degree of risk. .. because one is just not certain concerning the result of the investment. In reference to Wikipedia, investment or investing is a term … Read more
A bank levy is a nasty tool the Internal Revenue Service has at their disposal to use against taxpayers they believe owe them money. The Internal Revenue Service issues a levy notice to the person’s bank. This levy notice requires the bank to freeze the party’s assets for twenty-one days. If, for any reason, the … Read more
Hopefully you never have to deal with a tax levy imposed by the IRS. Unfortunately, many people do have to face this reality every year. A tax levy is pretty simple to understand. This is a legal process in which your property is seized to satisfy tax debt. In other words, if you owe money … Read more
A 1031 exchange or Like kind exchange is defined by section 1031 of the Internal Revenue Code or the IRC. According to IRC if an asset, most often some form of real estate such as land or building is sold and the proceeds of the sale are re-invested in a similar asset then there is … Read more
Also called a Starker Exchange Trust, a 1031 exchange is generally used by someone who wants to sell an investment property that they own, yet do not want to pay any taxes. A 1031 will allow the seller of the investment property to defer the taxes as long as they purchase another property which costs … Read more