Accomplish 1031 Exchange in 8 Steps !
What are the procedure to achieve a perfect 1031 exchange. Follow these eight steps that will conclude property exchange as per IRC 1031
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Author
Prashant Thakur 141 posts 48 comments
Prashant Thakur is a tax advisor . He has written two books on tax laws of India. He regularly writes on his paid-only website http://taxworry.com. He is learning about the Internal Revenue Code of USA as many of clients and readers are of India origin and also are tax resident of USA . So . solving their tax issues require reference to IRC of USA.
Eight Tax Return Items That May Attract IRS Audit
IRS scrutinizing your tax return can be very annoying, anxiety prone and a matter of tension for tax payer costing money and time . You can read what does being audited by the IRS mean? It is seen that the first clue or doubt that is…
Standard Deduction :3 Types of Nonresident Aliens Can Claim It ?
Standard deduction is an important dollar deduction that every taxpayer , except certain types of persons , get it. If you wish to know more, please read what is standard deduction. Now nonresident alien is one of the types of ineligible…
Long Term Capital Gains Rate- 2019,2018,2017
Unlike other tax rates , long term capital gains tax rates were not much affected by the The Tax Cuts and Jobs Act.Here's a three years -Tax Year 2019, Year 2018 and Year 2017 -long-term capital gains tax brackets.
long-term capital gains…
Salary Paycheck Withholding Calculator 2019
Salary paycheck withholding calculator 2019 is an easy to use tax calculator to tell you amount of taxes deducted or to be deducted as Federal income tax or state income tax or social security or medicare tax. The calculation can be done…
IRS Form 1099 : Why You Should Keep An Eye on It !
The IRS Form 1099 is a series of documents the Internal Revenue Service (IRS) that report the various types of income a taxpayer ( the recipient of the 1099 form) may have received throughout the year other than the salary . This is…
Section 179 Tax Deduction Calculator
Section 179 Deduction has a real impact on your equipment costs. Here’s an easy to use calculator to estimate your tax savings on equipment purchase through section 179 deduction in 2019.
How Section 179 Deduction Saves a lot of Taxes!
The Tax Cuts & Jobs Act has amended section 179 deduction to higher limits and also the purchase limit has been increased considerably
IRS Lowers Estimated Tax Penalty Threshold for 2018
The IRS has announced that it has given tax relief to many taxpayers who were unable to properly adjust their withholding and estimated tax payments to reflect an array of changes under the Tax Cuts and Jobs Act (TCJA), the far-reaching …
11 IRS Tax Help Tools That Solves Common Problems
IRS provides many self help tools t taxpayers for free . These tax help tools available on IRS.gov solves many of the common problems like tax preparation or tax filing , knowing about refund , paying taxes easily viewing tax records ,…
US Tax Court on Alimony : Payment of Ex-Spouse’s Student Loans Deducible !
Alimony is taxable and the deduction for alimony is allowed from taxable income of the payer . However , the question whether a particular payment cn be considered as alimony is a matter of interpretation . IRS and tax payers are often at…
