The Benefits of an Intermediary for 1031 Exchange

Are you considering a 1031 exchange for your investment property? If so, congratulations on taking the first step towards maximizing your profits and avoiding taxes. But before you jump into the complex world of tax-deferred exchanges, it's essential to understand the role of a qualified intermediary. Avoiding the Constructive Receipt Rule One of the biggest advantages of using a qualified intermediary in your 1031 exchange is that you can avoid the constructive receipt rule. Read More 

The Benefits of Hiring a Tax Problem Resolution Service

Dealing with tax problems can be a stressful and time-consuming process. Whether it’s an IRS audit, an issue with back taxes, or any other tax-related problem, finding a solution on your own can be challenging. That’s where a tax problem resolution service comes in handy. These services provide professional assistance and expertise needed to resolve any tax issues you may have. This blog post will explore the top benefits of hiring a tax problem resolution service. Read More 

Accounting Services Prevent Tax Headaches For Small Businesses

Small businesses operating with limited cash flows rarely have the ability to hire a staff accountant. Instead, funds are prioritized for necessary expenditures to grow the company.  Managing the business without a full-time accountant doesn't need to mean financial management and important tax filings are left to less specialized workers. This is where accounting services step in and fill an important need for small enterprises, non-profits, and even local municipalities.  Read More 

2 Reasons Why Small Businesses Need Extra Care When Planning For Tax

Tax season can be stressful for any business, but it's especially daunting for small businesses. That's why it's important for small business owners to take extra care when planning for tax season.  Here are a few reasons why small businesses need to be extra careful when planning their taxes.  Lack of Resources  Small businesses are especially prone to the negative effects of not having enough resources to plan their taxes properly. Read More 

The 1031 Exchange: What Is It And How Does It Benefit Real Estate Investors?

For real estate investors, the 1031 exchange can be a powerful tool that allows investors "to defer capital gains tax on the sale" of an investment property and "swap it for a new one that you purchase for the same purpose." In other words, you can keep buying, selling, and deferring as long as you keep reinvesting the proceeds. There are strict rules that must be followed to qualify for a 1031 exchange, but when done correctly, it can be a powerful way to grow your investment portfolio without having to pay taxes on your profits. Read More