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
DECEMBER 23, 2009 This Week in Health Reform Senate Majority Leader Harry Reid (D-NV), may just reach his goal of getting a health care reform package approved by the Senate by Christmas. This past week, Sen. Reid clinched the 60th vote needed to pass the legislation. As of this communication, he has scheduled the final … Read more
An IRS tax professional will work quickly to stop the IRS bank levy or the IRS wage levy and return your funds. If you have not filed returns in a few years, using an IRS tax relief professional is particularly important. They can quickly stamp in your back tax years and negotiate for the best … Read more
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Vacation Homes have long been a source of angst among exchangers and their advisors because of the lack of guidance on whether they qualify as an investment property for IRC ยง1031 purposes. In the past, exchangers readily exchanged ‘second homes’ based on the claim that in addition to enjoying the vacation home personally, they also … Read more