Article by Nicky Michael Section 1031 in the Internal Revenue Service is a boon for a prospective investor, selling an investment property and wanting to make a profit by reinvesting in a similar property elsewhere in the country. This wonderful concept works on the principle of gain rolling from the old to the new. There … Read more
Article by Garry Neale When you run your own business, paying taxes can really take up a lot of your earnings. However, there are ways in which you can save on tax and the 1031 tax exchange is one of them. The 1031 tax exchange is one of the most common types of tax deferral … Read more
With so much economic doom and gloom surrounding us, it makes sense to batten down the hatches and protect your assets. If your assets are scattered about and are not protected, your liabilities could be laid wide open and your financial situation and personal security could be put at risk. However, an offshore trust can … Read more
Taxes… Say that word and many people will start to groan when they hear it …and with good reason. To begin with, paying annual taxes is usually a financial burden for most people. Each time you review your paycheck, you might feel cheated or abused, considering the federal income tax withholding amounts (let’s not even … Read more
For most of us, our home represents our largest asset. Over time, the management of this asset can make a big difference in our overall financial outlook. One of the largest planning opportunities home ownership brings is the favorable tax treatment afforded the sale of a primary residence. The gain on the sale of a … Read more