The 1031 Tax Deferred Exchange - Important Strategies for Real Estate Property Investors
California: As an investor in real estate you understand how important it is to preserve your wealth and assets. In the frequently changing world of taxation, you are fortunate to have IRC Section 1031. This tax code allows you to exchange from one invest
Simplified Social Security: Birthing the Deferred Fixed Annuity
The most obvious explanation is politics, but we're running out of time for finger pointing, and Social Security is solvable in a surprisingly painless manner. It will require a whole new approach that uses old ideas and institutions in ways that most of
Business Tax For At Home Enterprise
If you are a part of a corporation or business, you do not have to worry about handling your taxes. Chances are, your company already deducts it from your salary and deals with the IRS for you. But what if the business is yours? You are the one expected b
Passive Income, Depreciation, and Tax Implications
Daggumit, show me how to lose money faster a young and naïve Dr. Anderson instructed his accountant. I mean, I just spent $175,000 on an investment property and I can’t write that off this year but rather 27 ½ years instead? Fortunately for me,
Are Too Many Credit Applications Bad For Your Credit Rating
It is estimated that over 2 million people in the UK are at risk of damaging their credit rating by repeatedly making applications for a credit card after they’ve been turned down previously by the same lender. Having too much available credit indicates t
What is Tax-Deferred Exchange?
Under Section 1031 of the Internal Revenue Code, owners of real estate held for investment or use in a trade or business can swap their property tax-free for "like-kind" real estate. Exchanges are made for people wanting to stay invested in real estate, i
Weight of Marijuana and Criminal and Tax Law
The State of North Carolina’s laws do not distinguish between the uncured weight of marijuana from the cured (dry) weight, necessary for marijuana to be consumed or sold. No one purchases wet marijuana at a price comparable to suggested market value becau
Take Advantage of 2007 Tax Provisions
New Year's Day came and saluted us with a few changes: higher contribution limits for 401(k) plans, a decline in the top federal estate-tax rate and more deduction for many mortgage insurance buyers. Personal exemption, standard mileage rate, income brack
Home Based Business Tax Deductions
Most of the time any expenses that are related to your business can be added as a deduction on your taxes. If you do not pay taxes through out the year, deductions can help you from paying a large amount of taxes each year and can also adjust earned incom
Hire The Tax Pro - Or No?
At tax time many years ago, I faced reporting a series of securities transactions on my federal and state tax returns. Before I came in for my appointment with my CPA, she asked me to detail each of the (as it turned out to be) too-many stock transaction
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