YOU MAY NEED TO FILE FOR AN EXTENSION A 1031 exchange is reported on the tax return for the tax year in which the exchange begins, i.e. the tax year the relinquished property is transferred, using IRS Form 8824. If an investor’s exchange transaction started late in 2010, he may need to file for an … Read more
If you’re considering a 1031 tax exchange to defer payment of capital gains tax on your real estate investment, it’s important that you understand the basics of the 1031 exchange process. As a general rule, savvy investors understand the low-level nuts and bolts of the transaction – but things can get a little sticky … Read more
The best advice I ever bargain: Each was a little ‘wrong’. When the fight against the IRS on their taxes late, you may be attracted by the threat of tax privileges, garnishment of wages and imprisonment. But do not worry, a tax resolution is aware of all the types of strategies to capitalize on tax … Read more
If you are an investor in real estate business planning to buy and sell a lot of properties to earn dividends from this booming sector, you must have already heard about ‘property exchange’. You may have already ‘exchanged’ properties. In case you are a newbie in the real estate business or somehow in need of … Read more
As a real estate professional currently involved in the real estate investment and development business, you understand that there are a number of ways that you can help your business succeed (as well as a number of ways that you can let your business languish). One of the best tools for any real estate investor, … Read more