1031 Exchange – What is Cost Basis?
Learn how cost basis is calculated for a 1031 tax exchange. 1031 exchange expert Julianna A. Clementi-Ryan explains what's involved in determining cost basis.
Are Credit Unions As Safe As FDIC-Insured Banks?
Do you have funds in a credit union? Wondering if they're as safe as FDIC-insured banks? Credit Unions have insurance for deposit accounts that is ve...
Is Your Bank Account Protected? Use This Calculator!
The FDIC has launched a new calculator to help you figure out if your deposits are protected. Use this: www.fdic.gov/edie/index.html Published: Sep ...
Today On The Ilyce Glink Show — September 28, 2008 No Gas In Atlanta And A Budget Deal In Congress
We woke up this morning to the news that the gas lines in Atlanta don't seem any shorter -- thanks to four refineries still being offline as a result ...
Ilyce Glink on WSB Radio – September 28, 2008
Today on the Ilyce Glink Show, Ilyce talked about the gas shortage in the Atlanta area. She took calls from people like Jeff, who wondered why there wasn't a shortage or a pricing problem in places like Florida or North Georgia, and Keith, who believes that by killing price gouging you're getting rid of free market incentives to fix the supply problem. She also discussed the $700 billion bailout package that Congress seemed to agree to late Saturday night (9/20). She took a number of calls from Wachovia bank customers and retired employees, who all were wondering if their deposits were safe, if their mortgages would get credited correctly, if their investments were protected. Phyllis wanted to know if there was anything she could do to make sure her Washington Mutual (WaMu) mortgage transferred correctly to Chase (keep her paper trail handy, Ilyce said). To find out more, tune into the show. For show notes and updates through the week, check out her blog at www.thinkglink.com/blog , and sign up for her free weekly newsletter on the ThinkGlink.com home page. Check out the videos at www.expertrealestatetips.net. And be sure to subscribe to her YouTube channel.
1031 Exchange – Recapture Depreciation Tax
When you own an asset for business or investment use you can claim some depreciation as that asset drops in value. When you later sell that asset the IRS wants to get back, or recapture, some of the depreciation. Our 1031 exchange expert explains how recapture depreciation tax works.
1031 Tax Exchange Timing
Depending on when you do your 1031 tax exchange you may be able to claim a failed or partially failed 1031 exchange on your taxes. Learn how the timing of a 1031 exchange affects tax straddling. Be sure to discuss the timing of your 1031 tax exchange with your CPA or tax attorney.
What to Ask a 1031 Exchange Company
When you want to do a 1031 tax exchange you have to find a qualified intermediary, an impartial third party who will hold your funds. But how can you find a trustworthy 1031 exchange company? Ask them how long they've been in business, what insurance they have, what experience the staff has, where your 1031 funds will be held and what to do if the 1031 company goes bankrupt. Don't just rely on recommendations to find a 1031 exchange company.
1031 Exchange: 45 Day Rule
When you're doing a 1031 tax exchange you have 45 days to identify your replacement property. The replacement property in a 1031 exchange has to be like kind property. So you have 45 days to find another domestic real estate property if the property you plan to sell is in the U.S. also. Learn whether weekends and holidays are included in the 45 day rule for 1031 exchanges.
Adjust Family Budget to Pay Mortgage Rent
Americans spend more of their budget than they used to on mortgage and rent payments. The percentage of the family budget used for housing costs has become unmanageable for some families. How can families cut or increase their household budget to pay their rent or mortgage? Here are some tips for the family budget.