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 In fact, Section 1031 was originally enacted for the benefit of these hard working Americans back in 1921: it freed up capital through tax deferral on the sale of land and livestock.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...
by Kenneth Palmen | Apr 9, 2015 | 1031: Did You Know?
EquipEx fees are typically well below $1,000 for common 1031 Exchanges. If your organization has a fully depreciated piece of property (equipment, vehicle, etc.) to replace that will fetch as little as $10k, you’re better off with a 1031 Exchange than without....
by Kenneth Palmen | Mar 12, 2015 | 1031: Did You Know?
Even a relatively expensive Qualified Intermediary (QI) charges a small percentage of the immediate tax deferral amount and potential long-term savings attainable with a Section 1031 Like-Kind Exchange. As an example, say you have a fully-depreciated asset worth $100k...
