Why You Need Auto Insurance The main purpose of auto insurance is to protect you and your assets from the financial consequences of being in an auto accident. And “assets” means everything you own, not just the value of your automobile. Lawsuits stemming from auto accidents can be extremely costly, and can devastate an individual’s … Read more
Article by Nicky Michael Section 1031 in the Internal Revenue Service is a boon for a prospective investor, selling an investment property and wanting to make a profit by reinvesting in a similar property elsewhere in the country. This wonderful concept works on the principle of gain rolling from the old to the new. There … Read more
Ladies and Gentlemen the facts are clear: We as business owners – as well as those in management – have the daunting task of figuring out how to keep our businesses afloat in the middle of this economic perfect storm. The global economy is in the beginning of a recession that has the potential of … Read more
Article by David East If an investor wants to defer state and federal capital gains taxes, then they will often take advantage of The Internal Revenue Code 1031 (IRC 1031) property exchange, which allows them to exchange one property for another without paying those taxes. Of course, the properties must qualify as “like-kind” and the … Read more
Article by Jeanette Joy Fisher There are currently some 15 million Americans who own real estate investment property, and more and more of them are discovering the advantages of using 1031 tax-free exchanges for deferring capital gains taxes when they sell. A 1031 exchange is a provision in the IRS code that permits investment property … Read more