Click here to read a Fall, 2019 interview of Javier G. Vande Steeg, Asset Preservation’s President and Co-Founder by Executive Global. Mr. Vande Steeg talks about 1031 tax deferral, wealth creation and other issues of interest to business owners and real estate investors. Executive Global offers a unique insight into the state of global business in the contemporary age, bringing together the most renowned business personalities and economists of the modern era to deliver the statistics, thorough analysis, strategy, and foresight required to make informed business decisions. Read More »

Purchasing Replacement Property from a Builder

When a taxpayer considers purchasing new construction from a builder as replacement property in a 1031 exchange, they should be aware of many factors in advance of the contemplated 1031 exchange transaction… Read More »

1031 Basics: Can Foreign Investors Do 1031 Exchanges?

Congress enacted the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) to impose a tax on foreign persons when they sell a U.S. real property interest. A “foreign person” includes a non-resident alien, foreign partnerships, trusts, estates and corporations which have not elected to be treated as a domestic corporation under IRC §897(i). For U.S. property dispositions subject to FIRPTA,… Read More »

WEBINARS

IRS Issues Guidance on Making & Revoking Bonus Depreciation Elections

In Rev Proc 2019-33 the IRS provides guidance allowing a taxpayer to make or revoke certain bonus depreciation elections that were potentially affected by the Tax Cuts and Jobs Act changes to the bonus depreciation rules. The guidance applies to certain property acquired by the taxpayer after September 27, 2017, and placed in service by the taxpayer during its tax year that includes…Read More »

July 1, 2019: Higher New York Real Estate Transfer Taxes

New York Governor Andrew Cuomo signed New York’s 2019-2020 budget into law. One section of the new law will increase the transfer tax rates that apply to real estate transactions in New York City. Read More »