If you are into the real estate business, particularly in renting a property, it is vital that you know what 1031 exchange means. There are some, who have not heard of this exchange. The IRS created this in the year 1990. The purpose of this exchange is to help real estate investors. The benefit one … Read more
Capitalism has been the economic system used in the United States for generations. The United States economy and lifestyle, is based on these capitalistic principles. A company that pursues a risky and dangerous business model, and is not profitable will likely close, file for bankruptcy (Chapter 7 or Chapter 11) or forced to secure new … Read more
Recently barred fast track resolution by the U.S. Supreme Court, opponents of the Affordable Care Act (ACA) have resumed their legal quest to derail the law through the traditional Circuit Court route. Twenty-six states last week filed a motion in the 11th Circuit Court of Appeals in Atlanta urging the court to strike down the … Read more
Every time you give someone money or property which may be subject to payment of gift tax. The federal government has guidelines were the gift of the property tax and gift tax rates for all questions. These tariffs and tax exemptions may change based on an annual basis and it is important to review the … Read more
When healthcare reform legislation finally passed, several major corporations quickly moved to modify their earnings report. The claim from AT&T, Caterpillar, and others was that a provision in the law would increase their costs and hurt their profits. Specifically, their concerns involves the expiration of an existing tax break. That tax break has allowed companies … Read more