u s treasury department

A 1031 Exchange Offers Investors Options for Deferring Capital Gains Taxes

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A tax deferred exchange or 1031 exchange is a strategy or tool that can be used by an investor to sell property, as long as it qualifies, and then buy another like-kind property.  Since the transaction is treated as an exchange rather than a sale, investors qualify for a deferred gain.  The law can be … Read more

A taxing situation?With the new IRS, coming forward is the best option for late filers, non-filers, and delinquent payers

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That omission translates to a figure somewhere near 5 billion in taxes owed to the U.S. Treasury Department. With a budget deficit in the trillions and rising, the IRS is expected to increase its audits of both personal and business tax returns as well as pursue greater enforced collection action against individuals and businesses using … Read more