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InSight-Full® Cadence: Employment Dependency
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May 4, 2022
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Author: Kevin Taylor
Articles
1031 Fee Structure
Asset Based Fees Low High Fee $0.00 $500,000.00 $1,500 $500,000.01 $1,000,000.00 $2,000 $1,000,000.01 $3,000,000.00 $2,500 $3,000,000.01 and up $3,000 Additional Service Fees Event Fee Replacement Properties $350/per acquired Back-to-Back Closings $250 Rush Fee (inside 48 Hours) $500 Wire Fee $35
May 2, 2022
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Articles
Tax Mitigation Playbook: Who can use 1031 Exchanges?
Section 1031 of the tax code allows property owners to defer taxes on the sale of their real estate held for business or investment purposes. At InSight, we use this for several strategic and preference-based reasons for clients (See What
May 1, 2022
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Articles
Tax Mitigation Playbook: The Basic’s of a 1031
45 Days You have 45 days after the sale of your relinquished property to identify your replacement property(ies). Identification of replacement properties must be unambiguous, using a legal description or physical address. It must be in writing, dated, signed, and
April 29, 2022
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Articles
Tax Mitigation Playbook: Does a vacation home qualify for a 1031 exchange?
One of the most common questions asked is whether or not a vacation property qualifies for a 1031 exchange. There are three basic rules for including a vacation home in a 1031 exchange that was introduced by the IRS in
April 28, 2022
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Articles
Mastering Reverse 1031 Exchanges: Unlocking Opportunities When Timing Matters Most
Reverse 1031 Exchange Rules Under IRS rules, Internal Revenue Code Section 1031 states that “no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such
April 21, 2022
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Articles
Tax Mitigation Playbook: 1031 Replacement Property Rules
Like-kind property is defined according to its nature or characteristics, not its quality or grade. This means that there is a broad range of exchangeable real properties. Vacant land can be exchanged for a commercial building, for example, or industrial
April 12, 2022
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Articles
Is a U.S. Housing Market Crash Inevitable?
It is almost inevitable that housing correction is coming. Most of the upswing nationally in housing prices is caused by low borrowing rates. A mortgage payment is mostly made up of three different columns 1) Principle 2) Interest 3) Other
April 1, 2022
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Articles
How to read a K-1?
Welcome to the exciting world of K-1 forms! Okay, let’s be honest, K-1 forms may not be the most thrilling topic, but understanding them can save you some serious tax headaches. In this blog post, we’ll break down everything you
March 15, 2022
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Articles
How to use your K-1?
A K-1 form is a tax document used to report income, deductions, and credits for partners in a partnership, shareholders in an S-corporation, or members of a limited liability company (LLC). Here are the steps to use a K-1 for
March 14, 2022
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Articles
Tax Mitigation Playbook: is this a property “exchange”?
A sale followed by a purchase does not qualify as a 1031 Exchange. Rather a process of intention needs to be in place to qualify for an exchange to count for the tax benefits. The transaction must be treated as
March 14, 2022
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Articles
Ways to Identify Financial Abuse in order to Protect Yourself and Family
For many, financial abuse comes long before other forms of domestic violence. It is a sly and gentle form of control that can exist from the very outset of a relationship, over develop as a form of manipulation over time.
March 10, 2022
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