There has been a large increase in the number of tax-free exchanges. At our recent annual meeting of the Federation of Exchange Accommodators in Denver all the members reported a large increase in exchanges, especially compared to the years after the real estate bust. Many states have created laws for monitoring Qualified Intermediaries. Several states […]
Year-End Tax Strategies
Year-end Tax Strategies Today’s e-mail brought a message from our 1031 industry organization, The Federation Of Exchange Accommodators. Mind Numbing “On November 21 the Senate Finance Committee (SFC) dropped their tax reform bombshell. Within in their report, Staff Discussion Draft: Cost Recovery and Accounting, the like-kind exchange rules are repealed. Since this is a staff […]
Trust Master Class
Trusts for Privacy and Profit
Secrets of Lease Option Profits Seminar
“Secrets of Lease Option Profits” by Jack Shea and Mark Warda has been published by Galt Press. The book features Virtual Option strategies, which are sometimes more or less than they appear. A complete system for purchasing with an option which could deliver ownership benefits, including depreciation is described. A procedure for a tenant lease/option […]
Paper Source Convention – The Cash Flow Networking Event
April 28th-30th, 2016 Las Vegas, NV www.papersource.com to register, enter code jackshea for $50.00 discount.
Experts in the Power of Strategy
Well-informed investors know that tax strategies are essential to their financial success. Investors may pay 20% – 25% of their capital gain in federal taxes, plus any state taxes. If an investor’s goal is to acquire other investment property, then exchanging is a strategy that merits attention. Optional Replacement properties, through a recent Revenue Ruling, […]
1031 Tax-Free Exchange
The exchange of properties for other properties directly between taxpayers was a standard procedure before the 1985 tax law exchange which provided for deferred exchanges. It is still possible to swap properties with another taxpayer. The values must be equal and if there is any boot or cash involved to balance the equities it makes […]
Warning: 1031 tax-free exchanges
There is a new law in California,Washington, Colorado and several other states requiring a Qualified Trust or a Qualified Escrow. Recently a client/friend called and asked if I would intervene in a problem exchange. The exchange had been started and when the taxpayer inquired about his funds they were not with the intermediary, they had been sent to […]
Single member LLC or Multiple member LLC?
The IRS requires that properties purchased in an exchange be purchased by the same taxpayer. They could be held in the taxpayer’s name, a land trust or a single member LLC. The IRS has also ruled that LLC with two members will be considered a single member if the sole right of one of the […]
Mini Seminar
Mini Seminar Re: 1031 Call or e-mail to request Mini Seminar, available for: Realtors CPA’s Attorneys Investors Title Agencies Keys Capital, Inc. 1722 S. Missouri Ave. Clearwater, FL. 33756 727-581-7000 Fax – 727-581-7865 Click here for e-mail