In times of tight margins, every purchase must have a purpose with ROI top of mind. As you optimize your equipment, crop inputs, farmland and business intellect for the year ahead, take the time to ...

Tax nerds may be able to spout off Internal Revenue Code Sections, but most people never get beyond 401(k). (That's right, your workplace retirement savings plan is named after a section of the tax ...

At its core, a 1031 exchange is designed to accomplish one simple goal: to avoid taxes. But owners turn to 1031 exchanges to carry out a variety of business strategies. A retail owner might use an ...

With a tight inventory of homes for sale, most folks don’t want to first sell their home and then hope to find the right replacement property. They’d rather identify the right replacement pad first, ...

Section 1031 provides an exception to the general rule requiring current recognition of gain or loss upon the sale or exchange of property. It provides, in part: No gain or loss shall be recognized on ...

A 1031 exchange is a transaction sanctioned by the U.S. Internal Revenue Service that allows a seller to “swap” one “like-kind” investment property for another when buying one of equal or greater ...

Investors are keen to the fact that real estate generates diverse investment benefits. At the same time, it requires oversight and hard work. Income is the first benefit that comes to mind, but ...

In general, in the case of non-retirement funds, if an individual sells their business or investment property and ultimately gains from this, then they must pay tax on that gain. However, there is an ...

Selling real estate for more than you paid for it is a good thing, but depending on the amount of your profit, it could trigger a tax liability known as the capital gain tax. However, there are some ...

I’m in the specialty tax business, and I get calls on a daily basis from CPAs and real estate owners who are concerned that the reallocation of tax basis to “personal property” as part of a cost ...

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As a result of the severe winter storms, flooding and mud slides that began in California on January 8, 2023, the IRS has issued an extension of the 45- and 180-day deadlines for IRC §1031 exchange ...