A 1031 exchange refers to Section 1.1031 of the Internal Revenue Code which was passed in 1990. Normally, when you sell all real and personal property, the tax code requires the payment of the Capital Gains Tax. That is to say, when you sell your office for 0,000 more than you bought it for, you … Read more
Co-authored by Jordan L. Eftekari, Esq. (1) Introduction On November 2, 2007, the Wall Street Journal published an article: “Got 0,000? The U.S. Awaits (Government’s EB-5 Program Offers Foreign Investors Green Cards for Job Creation)”. A Federal program known as EB-5 (Immigrant-Investor Visa), administered by the U.S. Citizenship & Immigration Services (“USCIS”), encourages foreign investors … Read more
Debt occurs when we purchase some goods or services through the credit cards. Each consumer can use the credit card for a particular limit. The amount made for the purchase can be paid few days later. When you fail to make the payment on time, it will result in late payment charges. Reckless spending is … Read more
Although it may be necessary to go into debt to make major purchases, such as a car or home, I do not believe we should make debt a lifestyle. And even when we do have to borrow money, we should make it our goal to payoff those debts as quickly as possible. There are three … Read more
Small and medium-sized business owners need to have a way to deal with cash flow issues on a daily or weekly basis, as well as monthly. They may send out invoices at a set time, but they have no control over when their customers will pay. In the meantime, the business owner has fixed and … Read more