S corporations or S corps is one of the two most popular forms of business legal structures in the state of Illinois, the other being the Illinois LLC, and for a good reason. And that reason is the fact that an Illinois S corp is considered to be a “pass-through” entity, wherein items of income … Read more
Article by Xavier Alexander Everyone wants to celebrate their wedding ceremony in style to make it special and memorable. As wedding day is significant event in an individual life. For a perfect wedding ceremony planning and finance are very important factor. But due to many high wedding expenses it becomes difficult to afford a perfect … Read more
What might you be guilty of doing that could potentially disqualify your 1031 exchange transaction? Here are a few reasons you could be putting your exchange at risk. Choosing a Qualified Intermediary that is actually a disqualified person. Someone who is acting as your agent at the time of the transaction is disqualified from acting … Read more
Each year there are millions of Americans who prepare their own federal and state tax returns and even more individuals have their taxes professionally prepared. Whatever choice a taxpayer makes there are a number of important tax tips that everyone should know. The IRS capital gains tax is the method the US government uses to … Read more
1031, tax, exchange, services,real estate, property,misconceptions The Exchangor has a maximum of 180 days from the closing of the relinquished property or the due date of that year’s tax return, whichever occurs first, to acquire the replacement property. This is called the Acquisition Period. The first 45 days of that period is called the Identification … Read more