Posts Tagged ‘Internal Revenue Code’
Avoid Tax Exposure of a Failed 1031 with a Backup Rescue Plan
Like-kind exchange tax deferral plans can fail due to non-controllable factors. For example, the regulations provide no freedom to extend the mandated 45-day and 180-day requirements. If these deadlines are missed, even when it is not your fault, the tax deferral under Section 1031 can be completely lost.
Read More1031 Exchange Limitations – It’s Time to Consider a Better Plan
Replace in Favor of Tax Deferral Section 453 Installment Sale Reporting The Internal Revenue Code frequently has tax provisions that have a certain financial balance to them as to tax revenues – and Section 1031 certainly reflects this point. Although taxpayers are attracted to Section 1031 as a means to defer taxes on the sale of…
Read More