Two More Filings
We'll start to post these as we see them, courtesy of the Stanford Securities Class Action Clearinghouse securities.stanford.edu/ DIGITAL LAW PROJECT ...
Let The Lawsuits Begin
On my radio show yesterday, listeners were so mad they were crying out for blood. "Who will go to jail for this," they asked. I said that when you co...
Is The Credit Crisis A Criminal Conspiracy?
Callers to the Ilyce Glink radio show seem to fall into a couple of categories: 1. Blame the government. 2. Blame Wall Street. 3. How are we going ...
$700 Billion? Are You Serious?
The email was sent out from Treasury at 7:03pm last night. Treasury Secretary Henry Paulson is asking for $700 billion to bail out the bad mortgages s...
Ilyce Glink on WSB Radio – September 21, 2008
Today on the Ilyce Glink Show, Ilyce took calls from WSB listeners on Hank Paulson's request for $700 billion to bail out the bad mortgage debt that is causing the credit markets to freeze up. There were a number of callers who wanted to know who would go to jail and others who wanted reassurance this wouldn't happen again. She took calls on whether now was the best time to lock in a loan and whether iShares would have trouble with the Lehman collapse. 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: Qualified Intermediary
When you do a 1031 exchange you don't want to receive or touch the money involved. That's why you hire a 1031 qualified intermediary who manages a restricted account where your money's trapped. If you don't use a qualified intermediary and touch the 1031 exchange money, you lose your chance to claim a 1031 exchange on your taxes. Learn more about a 1031 exchange qualified intermediary and why they're important.
1031 Exchange: Like Kind Property
When you do a 1031 exchange to defer taxes you have to choose replacement property that's similar or "like kind." The "like kind" property may not only be real estate but also timber, air, oil or gas rights. The tax payer must exchange like for like however. Learn more about "like kind" property and its role in a 1031 exchange.
1031 Exchange: 180 Day Rule
When doing a 1031 exchange, how long do you have to acquire your replacement property? 180 days. But you have to pay attention to when you pay your taxes and if you want the full 180 days, time your acquisition accordingly. Learn about the 180 day rule for 1031 tax exchanges and how that time is calculated.
1031 Exchange: What Is a Capital Gain?
When you're doing a 1031 tax exchange, you need to know what a capital gain is. A capital gain is a profit on a capital asset. Capital gains tax is 15 percent on real estate. But if you're doing a 1031 exchange with another type of investment you'll likely pay your ordinary income tax rate on the capital gain.
1031 Exchange: 3 Rules For Property
When you're doing a 1031 tax exchange you need to follow three rules for identifying property. The three property rule allows you to consider three replacement properties without taking their fair market value into account. If you're looking at more than three properties for a 1031 exchange, you may be subject to the 200 percent rule or the 95 percent rule. Learn what these 1031 exchange rules are.