Don’t Get Snared In This Post-Dissolution LLC Tax Trap
Business

Knowing what to do when a business venture ends can save you a world of tax hurt, and get you back on your feet faster. By either their own experience or that of their colleagues, entrepreneurs live with this hard fact:…

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IRC §1031 Like-Kind Exchanges: Where Did My Tax Deferral Go?
Business

If you’re not careful, rolling over investment property can leave you with an unexpected tax bill. A lot of lucky folks are holding real estate and other types of investment property with fair market values greater than their adjusted bases. …

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Taxation of Trade Secrets
Business

Whether You’re Selling a Trade Secret Asset or Recovering Damages for the Disclosure of One It’s Important to Understand the Tax Character of the Proceeds In a knowledge-based economy trade secrets play an ever more important role.  From recipes to…

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Depreciating Business Equipment – Recapture Income
Business

Recapture Income Can Mean Taking a Tax Hit When You Sell Retiring Assets Starting and running your own business is no cheap thing.  There’s equipment to buy and maintain, space to rent, people to hire, inventory to stock.  Money just…

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Trading Sideways – The Like-Kind Exchange
Business

Deferring Taxes with an IRC Section 1031 Exchange Ah, the sweet promisors of tax avoidance:  Sell what you have, they cry, buy what I have (or pay me a fee for service) and never pay tax on your gain! Buyer beware,…

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