by Kenneth Palmen | Dec 19, 2015 | Tax Planning Tips
The Protecting Americans from Tax Hikes Act of 2015 (PATH) was passed! Your Christmas gift from Congress has arrived! PATH was passed by Congress on Friday December 18. This Act is expanding the Section 179 deduction limit to $500,000 (retroactively to Jan 1 of...
by Kenneth Palmen | Nov 4, 2015 | 1031: Did You Know?
Our recent newsletter discussed the basics of Who?, What?, and How?, in regards to a 1031 Exchange. Didn’t get that in your in-box? Click HERE to subscribe and receive our quarterly tax saving tips along with industry news. Now that you know who can benefit,...
by Kenneth Palmen | Nov 2, 2015 | 1031: Did You Know?, Farm & Ranch Tax Saving Tips
The benefits of a 1031 Like-Kind Exchange are numerous for farmers and ranchers. In fact, Section 1031 was originally enacted for the benefit of these hard working Americans back in 1921: it freed up capital through tax deferral on the sale of land and livestock. Fast...
by Kenneth Palmen | Oct 15, 2015 | 1031: Did You Know?
What is the purpose of a Like-Kind Exchange? Can they go wrong and if so, what are the consequences? Businesses and individuals complete Section 1031 Like-Kind Exchanges in order to avoid an immediate normal income and/or capital gains tax payment when replacing or...
by Kenneth Palmen | Sep 14, 2015 | 1031: Did You Know?, Tax Planning Tips
Welcome to part 2 of our tax planning tips for small-to-medium sized businesses. In this 2nd part of our 2-part series, we will look at replacing or upgrading your assets with a 1031 Exchange, ways to make your deductions more efficient, and how to impact your tax...
