Inthe summer of 1990, the Internal Revenue Service announced the long awaited rules on Tax Deferred Exchanges. Section 1.1031 of the IRS Code laid out in detail the procedure for turning a sale and purchase type transaction into an Exchange. The revised rules allow owners of certain types of “like kind” real estate to sell … Read more
Are wondering what is asset protection planning and how does it work? Well, you can put it this way. It can be considered to be a method of getting prepared for any and all possible future lawsuits. A perfect planning is to save your asset from future creditors. It is a process of rearranging the … Read more
Many people avoid the potential benefits of owning 1031 properties because they simply do not understand what does and does not qualify. There is some degree of ambiguity to the language that can be confusing. Let’s cut through some of the confusion to help you better understand. 1031 Exchanges and Like Properties One thing that … Read more
In the world of international business, corporations that operate in different countries sometimes pursue reorganizations. They may do this to streamline operations to maintain a competitive advantage. They may also do it to change their corporate ‘persona’ with a new management and operating structure. When a multinational corporation reorganizes, it takes into consideration the tax … Read more
Considering a 1031 tax exchange for your next real estate transaction? If so, you’re already on the right track: a 1031 exchange represents a great opportunity for real estate investors to temporarily defer payment of capital gains taxes on their investments. The legal 1031 tax exchange has helped many investors rapidly grow the value … Read more