Archive | Tax Reporting


3 Tax Hurdles

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 […]

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The Section 1031 Police

We are often asked how Section 1031 transactions are monitored by the Internal Revenue Service (IRS) and whether a 1031 police force exists to monitor taxpayer actions.  The truth is that in nearly three decades of practice, we have never been informed of the existence of this authority.  However, we regularly point out to clients […]

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