One of the biggest tax hits you’ll likely ever take is when you sell investment real estate. Although taxes are a way of life, avoiding taxes is also as American as apple pie. Fortunately for all of us, there are ways to reduce (and even eliminate) taxes legally. One of the most loved loopholes the … Read more
Many people avoid the potential benefits of owning 1031 properties because they simply do not understand what does and does not qualify. There is some degree of ambiguity to the language that can be confusing. Let’s cut through some of the confusion to help you better understand. 1031 Exchanges and Like Properties One thing that … Read more
Nothing is tax-free but there are methods to circumvent the tax process without breaking the law trying to evade the payment of tax. Tax free gold bullion bars can also be purchased. In the USA there is a capital gains tax on gold bullion and you have to give up a part of the money … Read more
Did you know there are many different ways you can benefit from a 1031 tax exchange if you invest in commercial real estate? You will need to procure the services of a qualified CPA in order to determine your property needs and to comply with IRS regulations. However, by the time you find a … Read more
Anything that has to do with the IRS has the potential to be a painful experience-even a 1031 property exchange. With this in mind you want to work hard to remove as much potential pain from the process as possible. There are many ways you can do this but first you might be wondering if … Read more