Here’s a true but startling Real Estate Asset Protection fact: It’s estimated that every day, some 50-60,000 lawsuits are filed in the United States! That number is both staggering and sobering. What even more staggering that many of these lawsuits are frivolous and have no merit? It’s often been said that you don’t have to … Read more
When entering into a 1031 exchange one often does not consider the ancillary costs that come with closing the transaction. Often the assumption is made that these costs will be subsidized by the 1031 exchange proceeds. However, while some of these costs certainly can be bankrolled by the tax deferred exchange, some cannot. Knowing how … Read more
SAFE HARBOR GUIDANCE Tax deferred exchanges have been part of the U.S. Tax Code since 1921. Since that time, the government has approved certain methods to structure exchange transactions that are so called “safe harbors.” For example, in 1991 the U.S. Treasury issued final regulations that provided important guidance on the structure of delayed exchanges … Read more
Your heart pounds and you stop breathing for a second. You’re mad. You’re afraid. And you’re asking one question, “Why me?” After that moment passes, you’ve got to act quick. And that’s when you realize you’re in one of two spots: (1) You’re ready, or (2) You’re a target. I’m going to talk about the … Read more
New Tax Changes That Increase Taxes As decent people of United States of America it truly is our own accountability to account all of our profits. This is basically the notion of voluntary compliance whereby duty evasion is regarded as illegal and is punishable by way of the legislation. People are carrying this out through … Read more