|
|
|
|
|
|
|
Tax Relief for Victims in Disaster SituationsRequirements for Postponement of 1031 Exchange Time PeriodsSpecial tax law provisions may help taxpayers recover financially from the impact of a disaster such as a flood, hurricane, tornado, wildfire or certain other natural disasters or catastrophic events, particularly when the federal government declares a location to be a Presidentially-declared disaster area often referred to as a federally-declared disaster. If the IRS releases an official notice, then Section 17 of Revenue Procedure 2007-56 provides extensions of certain time deadlines in a 1031 exchange. Read More » |
The U.S. States People Are Fleeing (And The Ones They Are Moving To)
Each year families pack up their belongings and move to a new home, sometimes out of state. Tracking where they go—and where they’re leaving from—paints an interesting picture of U.S. migration…Read More » |
|
|
|
|
|
Call Us
2012 Reviewed and Changes for 2013
2012 Reviewed and Changes for 2013 There have been numerous developments related to IRC Section 1031 during 2012. In addition, significant tax law changes are slated to take effect beginning in 2013, although there is [...]
IRS Approves 1031 Exchange Involving 2 Related Parties
IRS Approves 1031 Exchange Involving 2 Related Parties Private Letter Ruling 201242003 addresses a relatively creative situation involving two related parties that both intended to acquire the same replacement property in accordance with IRC Section [...]
1031 Like-Kind Property: Does Federal or State Tax Law Control?
Like-Kind Property: Does Federal or State Tax Law Control? The Internal Revenue Service’s Chief Counsel Advice (CCA) #201238027 addresses the issue of whether state law characterizations of property as real or personal are determinative of [...]
When to Pay the Piper (and how much will he charge)? & 1031 Exchange Updates
When to Pay the Piper (and how much will he charge)? By Jon Christianson, Esq., JD, LLM Tax Tax rates on capital gains are scheduled to increase in 2013 if Congress fails to extend the [...]