In the past, we’ve discussed some issues that can arise in a tax-deferred Section 1031 like kind exchange. We’ve also covered the variations on the standard “delayed” exchange. We’ve seen that taxpayers may want to utilize certain, different, scenarios. One issue that comes up frequently with real estate investors in a 1031 exchange is the […]
Albany, New York is the capital of the great State of New York. As such, it’s seen more than its fair share of rough and tumble negotiations. These are often between the “Second Floor” (aka, the Governor’s Office) and the New York State legislature. This year’s New York State budget didn’t disappoint. Today, the budget […]
New Yorkers and other Americans are sconsistently drawn to real estate as a potential source of income. This remains true despite the real estate calamities of the late 2000s. This fixation with real estate is almost quintessentially American. Here in the U.S., we have a history of striving for real estate ownership. Many view it as […]
One of the fundamental distinctions in taxation is the distinction between ordinary income and capital gain. In general, ordinary income is any income from typical business activities. Capital gains, meanwhile, results from investment activities. If you generate income from a business you own, or earn money as employee wages, it is ordinary income. If you sell […]
There is well-established tradition of large, uber-profitable corporations getting creative to lower tax liability. Again and again, the business world has seen multinational corporate juggernauts expend great energy to dodge the taxman. They do so, of course, to preserve as much of their cash reserves as possible. This trend has not slowed down. It has, in fact, increased […]
The one word which best describes the New York corporate tax structure, is the word “layered”. We’ve actually used that word plenty of times before. We use it to discuss the sales tax system in New York, for instance. And that’sis for good reason. Throughout the nation, and particularly within New York individuals and businesses are subject to […]
Tax is full of opportunities for people who have creativity. If you can master different pieces of tax knowledge, there’s possibilities for combining these pieces together to build effective tax reduction. Or even tax elimination. But, in addition to having mental command over the material, you also need the ability to think outside the box. That is, […]
In the past, we’ve discussed the mechanics of standard, “forward” Section 1031 exchanges. We’ve also discussed reverse exchanges. There is another variation on Section 1031 exchanges. It, too, has the potential to be extremely valuable in certain situations. This variation is an “improvement exchange”. Other names include a construction exchange, or build-to-suit exchange. Improvement exchanges involve the acquisition […]
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