November 6, 2017
Details of tax reform legislation revealed
The bill would limit like-kind exchange treatment to real estate, but a transition rule would allow completion of currently pending Sec. 1031 exchanges of personal property.
November 2, 2017
Legislative History of Tax Policies Supporting IRC Section 1031
The two primary purposes: 1) to avoid unfair taxation of ongoing investments in property; 2) to encourage active reinvestment...
October 31, 2017
For Tax Year 2016, E-File Closes on Nov. 18; After That, Disaster Victims, Others Need to File on Pa
Any taxpayer needing to file after Nov. 18 will need to do so on paper.
October 26, 2017
Keeping Property Exchanges Out Of The Crosshairs
Hansen argues that the absence of like-kind exchanges for land, and the resulting tax liability, would cause a “lock-in effect,” where land owners would reconsider selling, or worse, not sell at all.
October 20, 2017
IRS Announces 2018 Pension Plan Limitations; 401(k) Contribution Limit Increases to $18,500 for 2018
Effective Jan. 1, 2018, the limitation on the annual benefit under a defined benefit plan under Section 415(b)(1)(A) is increased from $215,000 to $220,000.
October 19, 2017
Tax Breaks On Selling Your Home, Vacation, Or Investment Property
Remember, trying to (legitimately) minimize your tax bill is as American as apple pie.
October 17, 2017
Security Summit Partners Mark Progress in Identity Theft Battle; Prepare for 2018 Tax Season
The IRS continues to pilot a Form W-2 Verification Code that helps verify income information and employers.
October 12, 2017
Recovering Economy And Rising Interest Rates Help JPMorgan Overcome Wall Street's Malaise
"JPMorgan Chase delivered solid results in a competitive environment this quarter with steady core growth across the platform."-CEO Jamie Dimon.