Infographics
May 3, 2021
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Tag: Tax Mitigation
Articles
Can I run a canna-business in an Opportunity Zone?
Like many things in life, the answer here is “it’s complicated” and it’s going to depend heavily on the type of business you intend to operate. Let’s start with the good news as we unfold this potential boon to marijuana
April 19, 2021
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Articles
How to “use” Depreciation and why it’s in your K-1?
How to “use” Depreciation: Basic Definition: Depreciation is a method used to allocate the cost of a tangible asset (like a building, machine, or vehicle) over its useful life. Since assets wear out or become obsolete over time, they lose
March 8, 2021
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Articles
How to “use” Amortization and why it’s in your K-1?
How to “use” Amortization: Basic Definition: Amortization is a process of spreading out a cost or payment over a period of time. It’s a bit like depreciation, but while depreciation typically refers to spreading out the cost of tangible assets
March 8, 2021
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Tax Mitigation Playbook: What are the Requirements and Rules for a 1031 Exchange?
1031 Rules require all 1031 exchanges regardless of the type have a 45-day identification period and a 180-day exchange period. For a 1031 exchange to be in accordance with IRC § 1031 Rules, within 45-days of the close of the
August 18, 2020
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Articles
Tax Mitigation Playbook: What is a 1031?
A 1031 exchange, also known as a like-kind exchange or tax-deferred exchange, is where real property that is “held for productive use in a trade or business or investment” is sold and the proceeds from the sale are reinvested into
February 28, 2020
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