In order to avoid paying capital gains taxes, it is helpful to know and take advantage of the so-called ‘loopholes’ in the tax code. One of the most useful is called the 1031 Exchange or alternately the Starker Trust Exchange. It works likes this; if you inherit and then sell a vacation, rental, or other […]
Capital Gains Loopholes: The Mighty 1031 Exchange Read More »
The American Taxpayer Relief Act (ATRA) extended a number of business tax credits through 2013 and changed more than 30 credits and deductions that range from the Expense Mine Safety Equipment Credit to the American Samoa Economic Development Credit. Some of the most useful credits for business owners include: The Housing Allowance Exclusion for Qualified
The Ups and Downs of the American Taxpayer Relief Act Read More »
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