Steven Hickox's (castlerain) Blog

The 1990 Tax Act provided some special tax advantages for small companies and individuals. This tax incentive, known as the "Percentage Depletion Allowance", is specifically intended to encourage participation in oil and gas drilling. This tax benefit is not available to large oil companies, reta...

Failed Exchanges Can Still Defer Taxes by One Year Exchanges begun after July 5th, that magic time of year, bring into play a little known tax regulation under Section 1031. This regulation allows you to defer tax liability for one year even though a 1031 exchange fails. The general rule is that...

If you've completed a 1031 exchange, you can use IRSForm8824.com to complete your Form 8824! You enter information about your properties from your settlement statements and tax records and it will automatically produce a Form 8824 that is downloaded to your computer. Features: *Zero Balance chec...