Month: September 2013

2013 Capital Gains Tax and Impact on 1031 Exchange

Internal Revenue Service Section 1031 exchange has garnered renewed interest from CPAs, tax attorneys and individual investors as a result of higher [...]

Depreciation and 1031 Exchange

Depreciation can be a confusing and difficult concept to understand. Individuals and businesses need to have a working knowledge of how to use depreciation [...]

IRS to Increase Audits of Prior- and Subsequent-Year Tax Returns

The Internal Revenue Service needs to strengthen its correspondence audit selection process by auditing more of the prior- and subsequent-year tax returns of [...]

Three Issues to a Foreign 1031 Exchange

Internal Revenue Code (IRC) Section 1031 applies to the citizen or resident of the United States (US) or non-resident alien subject to US federal income [...]