By John D. Hamrick Please TIR 2010-009 outlining the ability for a taxpayer who got snared in the New Hampshire DRA audit of Section 1031 exchanges to get there money refunded! How sweet it is!
Tag Archives | Single Member LLC
What’s In a Name?
If you are conducting a Section 1031 Exchange, “what’s in a name” can be the difference between a successful exchange and one that will fail on its face. This provision, called the Identity of Taxpayer Rule, requires that the same person or entity that sold the old or Relinquished Property be the same one that […]
SB 483 Introduced to the NH Senate
Great news. Senate Bill 483, regarding the NHDRA disregarded entity issue was introduced into the New Hampshire Senate today. Click here to review the Bill. Note that the Bill is retroactive to January 1, 2004. Testimony on the bill will be later this winter, before the Ways & Means Committee of the Senate. It has […]