Posts Tagged ‘Property’

Avoid Tax Exposure of a Failed 1031 with a Backup Rescue Plan

1031 Exchange Limitations - consider plan change in favor of tax deferral Section 453 installment sale reporting.

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.

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1031 Exchange Limitations – It’s Time to Consider a Better Plan

1031 Exchange Limitations - consider plan change in favor of tax deferral Section 453 installment sale reporting.

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…

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1031 Exchange Limitations – It’s Time to Consider a Better Plan

1031 Exchange Limitations - consider plan change in favor of tax deferral Section 453 installment sale reporting.

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…

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Overview of Virtual Estate Planning System (VEPS)

Virtual Estate Planning System Overview

Our online Virtual Estate Planning System (VEPS) is your portal to securely create, store, update, and share an estate plan that will help protect your legacy and your family for generations to come. The first step of the legacy planning process is to create the traditional set of estate plan documents that will cover the…

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Overview of Virtual Estate Planning System (VEPS)

Virtual Estate Planning System Overview

Our online Virtual Estate Planning System (VEPS) is your portal to securely create, store, update, and share an estate plan that will help protect your legacy and your family for generations to come. The first step of the legacy planning process is to create the traditional set of estate plan documents that will cover the…

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Should I put my home in a trust? – Property Panel

So how do you protect yourself and your family? If you live in New Zealand the answer could be as simple as setting up a trust to protect your major assets like the family home. Family trusts are a good option for people … Read more: Should I put my home in a trust?

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Should I put my home in a trust? – Property Panel

So how do you protect yourself and your family? If you live in New Zealand the answer could be as simple as setting up a trust to protect your major assets like the family home. Family trusts are a good option for people … Read more: Should I put my home in a trust?

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Asheville and Buncombe property transfers

Lot 36 section 2 of Sondley Estates, $64,000, Timothy S. and Lynn S. Towery to The Roeth Family Trust. • Lot 89 River Walk phase II, $278,000, Windsor/Aughtry Co. Inc. to Dennis James and Janet M. Thomas. • Lot 58 of Leicester Village phase 1 & 2 (0.52 … Read more: Asheville and Buncombe property transfers

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