In addition, our software illustrates the tactical value of using IRS Code Section 1031 for the replacement of their real estate assets. OUR FAMILY OF STRATEGIC TAX SERVICES All States 1031 Exchange Facilitators and Midwest Exchange Company, Inc., (Cooperative) are wholly owned divisions of Strategi...
IRS or Treasury Department guidance and professional journal articles become available, every few years, but the basic concepts and mechanics for a successful IRC 搂1031 exchange are not likely to change. Therefore, by retaining this material and adding articles as they become available via Internet...
Under Section 1031 of the Internal Revenue Code (IRC), owners of business or investment properties, through the use of a Qualified Intermediary, can sell one property and purchase a similar or "like-kind" property while deferring capital gains. Capital gain taxes on the sale of the "relinquis...
Absent the 5-year rule, a taxpayer could defer gain on business or investment property in a Code Section 1031 exchange, and, after converting the property received in the exchange to a principal residence, reduce or eliminate that gain by excluding it under the home sale exclusion. Thus, ...
there have been several iterations to the Internal Revenue Code that provide for delayed exchanges - exchanges other than direct simultaneous swapping of property. The IRS Tax Code Section 1031 provides safe harbor guidelines for these delayed exchanges that result in the need for a third party enti...
there have been several iterations to the Internal Revenue Code that provide for delayed exchanges - exchanges other than direct simultaneous swapping of property. The IRS Tax Code Section 1031 provides safe harbor guidelines for these delayed exchanges that result in the need for a third party enti...
Without a doubt, the single most efficient tool in the Internal Revenue Service Code for disposing of and acquiring property is the Section 1031 like-kind exchange. Section 1031 provides clear regulatory guidance for owners to assure their exchange transactions will result in a deferral of tax on...
Any of several types of futures and options contracts that are subject to a special tax rule of the Internal Revenue Service. Named for a section of the IRS Code, these contracts must generally be treated as if they are sold at fair market value on the last business day of the tax year...
Section 179 is an Internal Revenue Code that provides businesses the opportunity todeduct the full cost of qualifying equipment and software purchasesin the year they are placed in service, rather than depreciating the expense over time. This provision, introduced by the IRS, was designed to enco...
When a property owner sells a depreciable asset, the IRS requires the owner to recapture a portion of the depreciation claimed on the property over the years. The recaptured amount is taxed at a special rate known as the Section 1250 recapture rate, which is generally 25%. ...