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help: An Attorney's Point of View: The VALUE of a GOOD Buyer's and Seller's Agent - Why You Need One! - 07/03/08 01:34 PM
[REVISION 7/4/08 (original post 7/3/08): The purpose of this post is to educate the public regarding the value a GOOD agent will bring to the transaction, why their fees are justified and how to find a GOOD agent]
Over the past few days there has been a HEATED ongoing debate regarding whether agents and in particular, listing agents are worth their commission (here's a link to the Member's Only version of this post with links to the debate). Since I don't have a horse in this race i.e., I am not a realtor nor am I someone promoting an investment business model that … (8 comments)
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help: 1031 Exchange -Five Reasons To Exchange - 05/01/08 11:45 PM
"INVESTORS CAN MEET MANY OBJECTIVES UNDER IRC §1031"
Section 1031 tax deferred exchanges continue to increase in popularity as more investors nationwide discover the wide range of investment objectives that can be easily met through exchanging.
I. PRESERVATION OF EQUITY A properly structured exchange provides real estate investors with the opportunity to defer 100% of both Federal and State capital gain taxes. This essentially equals an interest-free, no-term loan on taxes due until the property is sold for cash! Most often, the capital gain taxes are deferred indefinately because many investors continue to exchange from one property to the next, dramatically increasing the … (4 comments)
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help: 1031 Exchanges - Advisors May Need Updated Information - 04/01/08 09:29 PM
Does Your Advisor Need the Most Up to Date 1031 Information?
Tax advisors like doctors and attorneys frequently have specializations. Some CPAs work primarily with businesses who don't own appreciated property, so they aren't up-to-date about what's happening in the 1031 exchange world. It does not mean they are a bad advisor, it just means they need to find a resource that speaks to them in their technical language, so that they can adequately advise their clients. If your client is working with a CPA or accountant who needs up-to-date technical information send them to
http://apiexchange.com/index_main.php?id=8&idz=19 For a 700 page comprehensive Tax/Legal … (2 comments)
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help: 1031 Exchanges -- Is 1031 a "Loophole?" IRC Section 1031 - THE CODE - 03/12/08 09:53 PM
Many people misunderstand section 1031. They think it sounds too good to be true. Why would the IRS let us defer our capital gain tax on the sale of our investment property? It must be a loophole and all those people out there are getting away with something.
Section 1031 is not a loophole. It has been a part of our tax code in one form or another since 1921. There have been loopholes within section 1031 that have been closed through the years through various legislation and the resulting regulation. Below is the actual text of section 1031 from the tax code. In my … (0 comments)
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help: 1031 Exchanges - TAX AND LEGAL REFERENCE AVAILABLE - 03/12/08 09:32 PM
Are you working with accountant and other tax and legal professionals who are looking for a comprehensive body of research that covers all aspects of 1031 exchanges and related transactions?
Their search has ended! Asset Preservation, Inc. is proud to introduce after investing substantial time and research by our in-house tax and legal counsel, ( an experienced licensed attorney with an LLM in Taxation) The IRC 1031 Tax Handbook is available for download at http://apiexchange.com/handbooks_form.php.
SECURITY YOU CAN BANK ON
Established in 1990, Asset Preservation, Inc. (API) is a recognized national leader in the Qualified Intermediary industry, having successfully completed over 130,000 IRC §1031 tax deferred … (0 comments)
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Lisa Lambert, Esq. (1031 Exchange Expert)
Fresno,
CA
More about me…
The Law Offices of Elisabeth A. Lambert
Address: 1222 W. Shaw Avenue, Fresno, CA, 93711
Cell Phone: (559) 433-5399
Email Me
Discussing 1031 Exchange Issues and Related Real Estate Issues in California. Specifically focusing on the Merced, Madera, Fresno, Selma, Reedley, Oakhurst,Visalia, Hanford, Porterville and Bakersfield areas.
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