How To Do A Like Kind Exchange Of Real Estate

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How To Do A Like Kind Exchange Of Real Estate Using A Qualified Intermediary

Author : Edwin V. Horan
ISBN : 9781412046145
Genre : Business & Economics
File Size : 83.75 MB
Format : PDF, Docs
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The book describes how real estate investors can safely defer capital gains tax by using a qualified intermediary to do a like kind exchange. The "safe harbor" process and IRS rules for completion of a tex deferred exchange of real estate are complex. This book explains the process step by step so that taxpayers can successfully compete their exchange. The criteria for qualifying properties is clearly explained. Worksheets in the book allow the taxpayer to compute the dederal tax that will be due if the taxpayer does not do an exchange. The important reinvestment requirements are explained in detail to ensure that the exchange will be fully tax free. The 45-day identification requirement and the 180-day exchange period are explained. A sample indentification letter is included for taxpayer use. Special exchange subjects included in the book include how to do a reverse exchange, combining an installment sale with a like kind exchange, how to convert your real estate rental into your principal residence, and the growing use of Tenancy-In-Common (TIC) commercial properties to complete an exchange. The actual Internal Revenue Code and IRS Regulations on like kind exchanges are included in the book's appendix. Also included are the suggested real estate contact addendums to show the taxpayers intent to do a like kind exchange. A tutorial on the new IRC Section 121 rules for exclusion of capital gains on the sale of a principal residence is also included. The final chapter in the book give a full explanation of how to report the exchange to the IRS and complete the intricate IRS Form 8824.
Category: Business & Economics

How To Do A Section 1031 Like Kind Exchange Tax Free Real Estate Investing

Author : Michael Lantrip
ISBN : 1945627042
Genre : Business & Economics
File Size : 48.55 MB
Format : PDF, Mobi
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All of the top Real Estate Investors use Section 1031 instead of paying taxes on Capital Gains and Depreciation Recapture, and then they use IRS money to buy more property. This book is the updated Authority on the Section 1031 Like Kind Exchange. You will learn how to: Keep all of your profits, tax-deferred. Use IRS money to buy more property. Do Owner Financing inside a Section 1031. Buy and Rehab without selling first. Exchange Up to larger properties. 6X your Personal Property depreciation. Close on an incomplete Construction. Do a Partially-Tax-Deferred Exchange. Access your Equity tax-free (correctly ). Use NNN - Triple Net Lease property. Do T-I-C Tenancy-in-Common deals. Use DST Delaware Statutory Trusts. Use Section 121 and Section 1031 together. Make a vacation home and investment. Report the Exchange on Form 8824. Refinance, cash-out, die, and eliminate all taxes. This is a clear over-the-shoulder look at the steps in a Simultaneous, Delayed, Reverse, and Construction Exchange, with real-life Examples, and detailed results explained with actual numbers. Welcome
Category: Business & Economics

Disaster Losses Kit

Author :
ISBN : IND:30000067658595
Genre : Income tax deductions for losses
File Size : 31.51 MB
Format : PDF
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Category: Income tax deductions for losses

Federal Tax Compliance Guide 2008

Author : CCH Incorporated
ISBN : 0808017373
Genre : Business & Economics
File Size : 23.85 MB
Format : PDF, ePub, Docs
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CCH's Federal Tax Compliance Manual (formerly published under title, "CCH Federal Tax Manual") is a comprehensive source for explanations, practical examples, filled-in tax return forms, key tax facts, federal tax tables and other information that will assist practitioners in accurately complete federal tax returns. This convenient and authoritative resource covers the preparation of tax returns and tax compliance -- providing helpful guidance on the basic federal tax rules and forms affecting individuals and businesses. The rules applied to everyday business and personal income tax decisions are thoroughly discussed with special emphasis on how these issues should be handled on the return.Among the topics covered are: - Individuals - Corporations - Pass-Through Entities - Income, Deductions and Credits - Tax Accounting Rules - Dividends, Interest, Rents and Royalties - Retirement Plans and Distributions - Depreciation - Sales and Exchanges - Gains and Losses - Decedents, Estates and Trusts - Exempt Organizations - Foreign Income - Estimated Tax and Withholding - Returns, Refunds and Credits - Estate, Gift and Generation-Skipping Transfer Taxes - Tax Planning
Category: Business & Economics

Fire Sale

Author : Philip McKernan
ISBN : 9780470948576
Genre : Business & Economics
File Size : 87.49 MB
Format : PDF, Mobi
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The ads are everywhere. US real estate at rock-bottom prices. Posh homes in gated communities devalued 50% from a year ago. US real estate agents with nowhere to go in their own backyard are targeting Canada and other countries to attract buyers to the land of the foreclosed and the home of the bushwhacked. As the US housing market remains in crisis and foreign currencies increase in strength relative to the US dollar, foreign investment into real estate in America is reaching new highs, particularly in the sunbelt states. The opportunity to invest in these properties, either as an investment property or a vacation home, is made even more attractive in light of the record number of distressed properties (AKA foreclosures) on the market or in the pipeline due to high levels of unemployment in the US, high consumer debt, and ongoing fallout from the subprime crisis. But what does "opportunity" really look like? What due diligence must an investor do to buy with confidence? What are the pitfalls? The legal and tax considerations? While the property and price may look good on paper, how can you ensure that your investment is a sound one? Philip McKernan and his crack team of experts teach you everything you need to know about investing in distressed properties in the United States, including sourcing distressed properties; building the right team of real estate agent, finance expert, lawyer, and accountant; understanding the tax and legal issues; and having an exit strategy. Make sure you're getting the best deals possible and avoiding any nasty surprises. Be prepared and aware, with Fire Sale: How to Buy US Foreclosures.
Category: Business & Economics

Federal Taxation Of Real Estate

Author : Allan J. Samansky
ISBN : 1588520293
Genre : Law
File Size : 54.26 MB
Format : PDF, ePub, Mobi
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Federal Taxation of Real Estate examines fundamental and advanced aspects of deferring taxes and converting ordinary income to capital gain on real estate held for profit.
Category: Law

Rattiner S Review For The Cfp R Certification Examination Fast Track Study Guide

Author : Jeffrey H. Rattiner
ISBN : 0470485205
Genre : Business & Economics
File Size : 44.33 MB
Format : PDF
Download : 577
Read : 539

The proven CFP Study Guide that delivers just what you need to succeed! A quick-study guide for candidates preparing to take the CFP Certification Examination, Rattiner's Review for the CFP® Certification Examination distills the bare-bones essentials you need to know to pass this challenging exam, all in a logical and easy-to-absorb manner. This indispensable study tool for students who have already been through traditional CFP educational programming—and just need a little extra help pulling it all together—provides a no-nonsense approach to studying for some of the most important disciplines of financial planning, including: PFP, insurance, employee benefit, investments, income tax, retirement, and estate planning. Each discipline contains short and concise statements emphasizing key points through mnemonic devices, study tips, and other established test-taking methods that provide helpful hints. Rattiner's Review for the CFP® Certification Examination, Third Edition has been thoroughly updated to include: Reviews from recent CFP Exam students who compare the CFP Board curriculum to this Third Edition, ensuring that all topics are covered adequately New, easy-to-follow flowcharts at the beginning of each chapter highlight the macro level perspective of each subject discipline Basic calculator keystrokes for investment math, retirement, life, and education needs analysis, and other important calculations New multiple-choice questions as well as new charts and tables for quick memorizations New acronyms to help put things into a simplified perspective and help students tie back to the big picture flowchart Perfect as a quick-reference guide to complement all CFP texts and self-study materials, it also serves as an important one-stop resource for financial services professionals who want information in a hurry. Stay organized, on track, and focused with Rattiner's Review for the CFP® Certification Examination, Third Edition.
Category: Business & Economics

J K Lasser S Your Income Tax 2011

Author : J.K. Lasser Institute
ISBN : 111801913X
Genre : Business & Economics
File Size : 31.22 MB
Format : PDF, ePub, Mobi
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America's number one bestselling and most trusted tax guide offers the best balance of thoroughness, organization, and usability For over half a century, more than 39 million Americans have turned to J.K. Lasser for easy-to-follow, expert advice and guidance on planning and filing their taxes. Written by a team of tax specialists, J.K. Lasser's Your Income Tax 2011 includes all the outstanding features that have made this book the nation's all-time top-selling tax guide. As an added value, you can gain direct access to dozens of bonuses through, including links to the latest tax forms from the IRS, up-to-the-minute tax law changes, small business help, and much more. The book of choice for today's serious taxpayer Your Income Tax 2011 contains Over 2,500 easy-to-use tax planning tips and strategies Easy-to-understand coverage of the year's tax law changes Filing tips and instructions to help you prepare your 2010 return Quick reference section that highlights what's new for 2010 Quick topic index to help pinpoint the biggest money-saving deductions Advice for customers whose use software or CPAs to file their taxes Filled with expert advice and guidance, J.K. Lasser's Your Income Tax 2011 will help you plan and file your 2010 tax return in the most efficient way possible.
Category: Business & Economics

Tax Free Like Kind Exchanges

Author : Bradley T. Borden
ISBN : 9781887554633
Genre : Capital gains tax
File Size : 65.35 MB
Format : PDF, ePub, Mobi
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Category: Capital gains tax

Accounting For Real Estate Transactions

Author : Maria K. Davis
ISBN : 9781118162828
Genre : Business & Economics
File Size : 80.97 MB
Format : PDF, Mobi
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Accounting for Real Estate Transactions, Second Edition is an up-to-date, comprehensive reference guide, specifically written to help professionals understand and apply the accounting rules relating to real estate transactions. This book provides financial professionals with a powerful tool to evaluate the accounting consequences of specific deals, enabling them to structure transactions with the accounting consequences in mind, and to account for them in accordance with US GAAP. Accountants and auditors are provided with major concepts, clear and concise explanations of real estate accounting rules, detailed applications of US GAAP, flowcharts, and exhaustive cross-references of the authoritative literature.
Category: Business & Economics

The Real Estate Mogul

Author : Domico
ISBN : 9781477141120
Genre : Business & Economics
File Size : 63.24 MB
Format : PDF, ePub, Docs
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When I got out of the service at age 21 ,I decided I was going to make my fortune in Real Estate , so I purchased with my discharge pay a large house with 7 bedrooms and two bathrooms and made my fi rst rooming house. I converted the porch and the Dining room into 2 more bedrooms, making a total of 9 bedrooms which I rented out in whose days for $50.00 a week each. I didnt give anyone use of the kitchen and I didnt allow anyone to have company, you just went directly to your room and basically went to sleep and that was it. I allowed no food in rooms or any loud noise after 10 PM. It was a great place if you had a job and you were making minimum wage. My mortgage payment was $250.00 a month , my electric bill was $165.00, My gas bill averaged 150 a month year around and because I had a well and septic tank , even getting them pumped out and serviced a couple times a year, only cost me an average of $35.00 a month. My Insurance ran me only $50.00 a month, about $25.00 a month for maintenance, so the expenses were $ 670.00 per month. My Income was $1330.00 a month on my first property net. There I was back in the late 1950s making over $17,000 a year ,not working for anybody. It was very important to get a lot of information about your tenants such as next of kin, Mother and fathers name and address, social security #,Employers Name, Landlord history, last job ect. I always had an application ready for them to full out. That way if they do any damage to your property you can chase them down.
Category: Business & Economics

Wiley Cpa Examination Review Outlines And Study Guides

Author : Patrick R. Delaney
ISBN : 9781118107195
Genre : Study Aids
File Size : 47.39 MB
Format : PDF, ePub
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Complete coverage of the new CBT-e format for the newly revisedCPA Exam With 2011 bringing the greatest changes to the CPA exam in bothform and content, Wiley CPA Exam Review 38th Edition is completelyrevised for the new CBT-e CPA Exam format. Containing more than2,700 multiple-choice questions and including complete informationon the new Task Based Simulations, these books provide all theinformation needed to pass the uniform CPA examination. Covers the new addition of IFRS material into the CPA exam Features multiple-choice questions, new AICPA Task BasedSimulations, and written communication questions, all based on thenew CBT-e format Covers all requirements and divides the exam into 45self-contained modules for flexible study Offers nearly three times as many examples as other CPA examstudy guides Published annually, this comprehensive two-volume paperback setprovides all the information candidates need to master in order topass the new Uniform CPA Examination format.
Category: Study Aids

Middle Market M A

Author : Kenneth H. Marks
ISBN : 9781118198629
Genre : Business & Economics
File Size : 54.5 MB
Format : PDF, ePub, Docs
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In-depth coverage in a single handbook of the middle market based on the body of knowledge of the Certified M&A Advisor credential program M&A advisors have an unprecedented opportunity in the middle market with the generational transfer of wealth and capital being deployed by private equity and corporate investors. Middle Market M&A: Handbook for Investment Banking and Business Consulting is a must-read for investment bankers, M&A intermediaries and specialists, CPAs and accountants, valuation experts, deal and transaction attorneys, wealth managers and investors, corporate development leaders, consultants and advisors, CEOs, and CFOs. Provides a holistic overview and guide on mergers, acquisitions, divestitures and strategic transactions of companies with revenues from $5 million to $500 million Encompasses current market trends, activities, and strategies covering pre, during, and post transaction Addresses the processes and core subject areas required to successfully navigate and close deals in the private capital market Includes content on engagement and practice management for those involved in the M&A business This practical guide and reference is also an excellent primer for those seeking to obtain their FINRA Series 79 license.
Category: Business & Economics

Real Estate Coordinator

Author :
ISBN : UCLA:L0065965402
Genre : Real estate business
File Size : 21.24 MB
Format : PDF, ePub
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Category: Real estate business