With passing of the Affordable Care Act (ACA) last year, Health Insurance Exchanges (HIX) is poised to play a major role in people’s lives starting from 2014. They would start buying health insurance schemes from nearby stores like any other commodity, say industry experts. Some stores known as Health Insurance Exchanges are already in the … Read more
If you have some money then you may have considered trying to make your fortune with stocks, bonds, and maybe even real estate. The concept is to buy cheap and sell dear, since profit is the name of the game. Before getting into it though, there is something you need to know. These kinds of … Read more
1031 Exchange and Tax Advantages A 1031 Exchange or Like Kind Exchange is defined by Section 1031 of the InternalRevenue Code. This code specifies that if an asset (usually some form of real estate such asland or a building) is sold and the proceeds of the sale are then reinvested in a like kind of … Read more
Many of our area’s real estate investors have heard of the 1031 exchange, a technique where property held for investment is exchanged for “like kind” property thereby deferring capitol gains taxes until a later tax year. While investors like being able to defer taxes until a later year, many complain that they’d like a way … Read more
A like-kind exchange, also referred to as a 1031 or Starker exchange, allows a taxpayer to defer paying tax on the sale of a property. Like-kind exchanges are wonderful and powerful tools to use in tax and wealth strategies, but ONLY when used correctly. If like-kind exchanges are used incorrectly, the result is not just … Read more