1031 Exchanges are excellent tools to reduce income taxes. Known both as “tax free exchanges” and “1031 exchanges” (based upon the enabling section of the federal income tax code) this tool allows investors to sell real estate without paying income taxes (at the time of sale). Real estate owners or investors expecting to acquire property … Read more
No need to stress over making sure all of your taxes are paid on time, for those who qualify you may be able to make payments on your taxes due. There are various options for payment of an outstanding federal income tax liability. Because your balance is subject to interest and a monthly late payment … Read more
This article discusses the consequences of late tax returns to individuals; what you should do and what you should consider to get back on track. The article is written for the layperson — it is not intended to be technical in nature, nor discuss all the aspects of tax planning one should consider. It addresses … Read more