The Vacation Home LLC and Why It Is Used

The Vacation Home LLC and Why It Is Used

While many families enjoy owning vacation homes and using these properties for getaways and gatherings, a vacation home is a unique type of asset that requires careful planning regarding its ownership structure. The type of ownership format chosen will affect a wide range of legal, financial, and procedural factors including asset and creditor protection, property Read more about The Vacation Home LLC and Why It Is Used[…]

The IRS Code Section 1031 Like-Kind Exchange: A Tax Planning Technique Used By Savvy Real Estate Owners

The IRS Code Section 1031 Like-Kind Exchange: A Tax Planning Technique Used By Savvy Real Estate Owners

It’s the oldest and simplest formula for accumulating wealth: Live the “buy low, sell high” dream by acquiring, holding, and then selling property at a tidy profit. Unfortunately, resulting capital gains taxes could amount to persistent leaks from an investor’s wealth-building pool. Every sale of investment or business property can create tax liability, reducing the Read more about The IRS Code Section 1031 Like-Kind Exchange: A Tax Planning Technique Used By Savvy Real Estate Owners[…]

In the News: MarketWatch

In the News: MarketWatch

Harvey was quoted by MarketWatch on the steps to take to protect yourself financially and mitigate potential conflicts and complications during settlement negotiations when divorce is on the horizon. Surprisingly, many divorce attorneys do not emphasize the importance of avoiding a tax dispute with your ex-spouse.  That’s why a savvy forensic tax expert (i.e., Harvey) Read more about In the News: MarketWatch[…]