It’s tough out there right now. To make matters worse, in the past year hundreds of taxpayers who trusted their money, sometimes their life savings, to Qualified Intermediaries to take advantage of Section 1031, lost it all. A good Qualified Intermediary will have safeguards and policies in place to ensure your Exchange funds are there […]
Connecticut River Bank, NA and Edmund & Wheeler are teaming up for a series of Lunch & Learn events where Accountants & Attorneys can earn continuing education hours and enjoy networking and a free lunch. Several dates have been reserved for September and October.
The sellers of real property are often to preoccupied with the “Sale” to realize that if they were more strategic in their investment decisions, they could reap long term financial benefits. The concept is simple, don’t touch the cash! The object in an exchange is to defer the capital gain tax, recapture of previously taken […]
When potential clients call to find out what the capital gains rate is, they usually think “oh, that’s not so bad”. What they fail to understand is that there are three tax hurdles to overcome on the sale of a capital asset. The first hurdle is largely misunderstood and it can be very costly. Upon […]
