Archive | Tax Advisories

White House

2017 Tax Reform

The Trump administration announced an “outline” of sweeping tax reform on April 26th (just in time for his 100th day). You can look at the document here. Many of our clients have been asking us how this tax reform could effect Section 1031. Of course it is difficult to second guess this administration or their […]

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Study Finds Repealing Like-Kind Exchange Rules Would Hurt U.S. Small Businesses

The Section 1031 Like-Kind Exchange Coalition released an economic impact study today which concludes that repealing the like-kind exchange rules would slow economic growth, reduce GDP and hurt many U.S. small businesses. Download/View the Study WASHINGTON, DC, March 18, 2015 (GLOBE NEWSWIRE) — via PRWEB – The Section 1031 Like-Kind Exchange Coalition (“Coalition”) released an […]

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Chris Hamilton

Tax Policy, IRC1031 and Politics – By Chris Hamilton

This article was reposted with permission by Chris Hamilton, Law offices of Young Wooldridge, LLP. Click here to contact.  PART 1 This post is the first part of a two-part post describing a vital tax provision, IRC 1031. Part 1 will outline its operation and perceived benefits, while Part 2 will present some of the more common arguments against […]

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home office

The Home Office Deduction – Past and Future

The Internal Revenue Service recently released Revenue Procedure 2013-13 that provides a new safe harbor for home office deductions.  This has the potential to make your calculations streamlined where it is difficult to determine a fair value deduction. Generally speaking, Section 280A disallows any deduction for personal expenses associated with the taxpayer’s residence unless a […]

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Economic Growth

Section 1031 Exchanges Serve as Vial Stimulant for Economic Growth

PRESS RELEASE — Release Date: April 1, 2013 Section 1031 Like-Kind Exchanges Serve as Vital Stimulant for Economic Growth After several years, real estate values are beginning to recover and activity is steadily increasing. It’s a promising trend that needs to be supported, not thwarted. IRC Section 1031 like-kind exchanges are one of the best ways […]

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