Archives for accounting
Individual Tax Law Changes
Newsletter and Updates.
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How to Co-ordinate Cost Segregation with Like-kind Exchange
The Tax Cuts and Jobs Act (TCJA) was signed by the President on December 22, 2017. The TCJA is the most significant overhaul of Internal Revenue Tax code since the 1986 Tax Act under President Reagan. The Committee Report has over a thousand pages of modifications to many areas of the tax code. One piece of the new legislation (that concern most real estate investors) involves changes to the like-kind exchange rules. When certain conditions are met, no gain or loss is recognized when a taxpayer exchanges property of like-kind (used in a trade or business or for investment purposes).
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Industry News and Newsletter and Updates.
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accountants, accounting, cost, exchange, federal, income, law, segregation, state, tax, tax bill, taxation, TCJA, wfy, and wright ford young.
Tax Law Changes Business Chart and Highlights
Newsletter and Updates.
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accountants, accounting, business, changes, cpa, deduction, depreciation, individual, inocme, law, passthrough, qualify, tax, taxation, wage, wfy, and wright ford young.
Wondering About a 1031 Exchange
Perhaps you’ve heard of 1031 exchanges or like-kind exchanges, but you’re unsure of the benefits or whether you even qualify. The Internal Revenue Code 1031 is available to those who hold a property that qualifies as productive use in business or investments. If you have a piece of investment property, a 1031 exchange allows you to swap it for a similar property. What is a 1031 exchange? This type of exchange happens when an investor trades his or her real property for a similar or “like-kind” property. Investment properties such as shopping malls, residential buildings, stadiums and more can all
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Newsletter and Updates.
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