Are you tired of Tenants, Toilets and Trash?
(c) - All Rights reserved http://www.savegainstax.com===========================================================Wouldn't you rather go to Tahiti?Are you a landlord with rental property whose value hassignificantly appreciated?Are you ready to cash in those profits and take that trip toTahiti?Before selling your property, check with your accountant whowill tell you that you will be paying $60,000 in CapitalGains Tax to Uncle Sam. Your accountant will also tell youthat adding another $20,000 to your income by that sale iscalled recaptured depreciation. This will bump you into thenext tax bracket and doom you next April 15th into sendingthe IRS a check for maybe another $7,000.Are you still ready to sell that property?It looks like that trip to Tahiti is going to be sometime inthe far future?But wait! You decide to check with your realtor and thenfind out about a 1031 exchange to defer your Capital Gains. Your realtor tells you if you buy another like-kind rentalproperty of equal or greater value, you won't get hit withthe gains tax on the sale. That is all fine and good, butit does not really get you out of the headaches associatedwith collecting rent, keeping your unit occupied, findingclean/classy tenants that won't trash the place, nor does itkeep you from getting that 2am call to fix an overflowingtoilet.
To top this off, now you have to pay more inproperty taxes and must charge higher rent.Hmm?maybe this idea is not the ticket to that South Pacificparadise either.This is the dilemma I heard from my financial clients againand again. They were frustrated and felt trapped in theircurrent situation. So what is a frustrated income propertyowner to do? After a lot of research and roadblocks, I foundthe perfect solution that has changed the lives of myclients and took away stress to bring enjoyment of life.For anyone who is tired of being a landlord and who owns arental/commercial property that has gone up a lot in value,take heart.A 1031 exchange into a Tenant In Common Property may be youranswer.There are very specific rules to follow set by the IRS, andthe entire detailed process is the subject for a futurearticle, but here's the gist: 1-Sell your current incomeproperty;
2-Before the close of escrow, you declare via a QualifiedIntermediary (also called an Accommodator, who is aqualified third party) that you intend to do a 1031 exchangeinto a Tenant in Common Property; 3-Work with a reputablecompany to identify a property that you would like topurchase an interest in;
4-At the close of escrow, yourproceeds are transferred by the Accommodator to purchaseyour proportionate share of a larger "A" rated commercialbuilding;
5-You may choose a business center, a medicaloffice building, or similar high-end property; and lastly, 6-You get a deeded interest in this property, so you cankeep it, resell it, pass it to your heirs, or even gift itto charity upon your death. The way that this works is all the new fractional owners, or"Tenants in Common" hire an ace Management Company to handleall the property management tasks. The company finds andkeeps high quality tenants, does the maintenance andupgrades, pays the property taxes, and handles all the dayto day crisis that arise.
Probably the three most importantfactors in this entire process are:
1-Your choice of companythat offers the properties for sale; 2-the Accommodator,and;
3-the management company.Make sure each of the three parts is a top notch with proventrack records. Anything less could spell disaster.When this 1031 option is done properly, your benefits willbe:Deferral of all Capital Gains,A monthly contractual income (usually based on 6-7% returnon equity),Building depreciation for tax savings,Unlimited property appreciation potential, andNo more headaches of property management.Good-bye Tenants, Trash and Toilets!Hello Tahiti!=-=-=-=-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-How much would you pay to save thousands in Capital Gains Tax? I'll teach you for free in a Teleconference that maychange your life. Sign up at ==> http://www.savegainstax.com=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-.
Consolidate Debt With A Home Equity Loan
If you are a home owner who is having to borrow from Peter to pay Paul due to a mounting debt load, a debt consolidation home equity loan may be the answer. A debt consolidation loan will allow you to consolidate your high interest credit card and consumer loans into one low rate, affordable monthly payment.A debt consolidation home equity loan is a secured loan. Your home will be used as collateral and the lender will have a lien on your home until the loan is paid off. None the less if you are drowning in a sea of debt, a debt consolidation loan can give you a new financial start. It can help you avoid bankruptcy as well as end harassing creditor phone calls.
In addition, in most cases your monthly payment will be significantly lower freeing up cash that can be used for savings.It is important that once you obtain your debt consolidation loan that you cut up your credit cards and close out the accounts. This will help you to avoid the temptation of running up another debt load...
Consolidate Debt With A Home Equity Loan
Tax help > Consolidate Debt With A Home Equity Loan
Eliminate Your Credit Card Debt, But How?
Can a debt consolidation loan eliminate your credit card debt? A consolidation loan might (or might not) be the key. There are several things you must consider when making the choice to consolidate debt using a debt consolidation loan. First, is a debt consolidation loan your best choice to eliminate or substantially reduce your debt? There are other options available to you, including credit counseling and bankruptcy. Obviously bankruptcy is a last resort. You must examine several factors when making your decision on which debt reduction / elimination strategy to use.
You need to get information on debt consolidation to make the correct decision.?How much outstanding debt do you have??What is the interest rate of your current debt? Many credit cards have interest rates of 14% - 22%, depending upon your credit rating and payment history. Obviously, the higher your current average interest rate, the better...
Eliminate Your Credit Card Debt, But How?
Tax help > Eliminate Your Credit Card Debt, But How?
Tarey Wolf, Award-Winning Singer, Songwriter, to Appear at Catherine A. Hickman Theater February 8, 2004 at 2:00 P.M. with Donna Klein, and Friends
Tampa, FL (ContentDesk) February 4, 2004 -- Since strumming her first $18 Silvertone guitar at 14, Tarey Wolf has continued to weave a rich poetic tapestry of self-made songs. "The first song I ever learned was P.F. Sloan's "Eve of Destruction" which was cut by Barry McGuire who is a cousin of mine. I always preferred to write my own material, because it was a way to express all that teenage angst in a constructive way... It is still my favorite thing to do, and for me success is looking out into a smiling audience and knowing they hear me, that in speaking for myself I speak for them..." Tarey has shared the stage with many noteworthy artists including Melissa Etheridge, Teresa Trull, Lisa Nemzo, Sandy Ross, Freebo.See Tarey at:Keeping Company? with Donna KleinSunday, February 8, 2004 @ 2:00 pm Catherine A.
Hickman Theater, 5501 27th Ave. S., Gulfport, FLAdmission: $10.00 tax includedTickets available in advance through Donna Klein or the City of Gulfport, FLContact: Marlene...
Tarey Wolf, Award-Winning Singer, Songwriter, to Appear at Catherine A. Hickman Theater February 8, 2004 at 2:00 P.M. with Donna Klein, and Friends
Tax help > Tarey Wolf, Award-Winning Singer, Songwriter, to Appear at Catherine A. Hickman Theater February 8, 2004 at 2:00 P.M. with Donna Klein, and Friends
Taxback Provides a Second Opinion of Last 3 Years of Taxes, Results in Refunds of Overpaid Taxes for 6 Out of 10 Clients
Gainesville, VA (ContentDesk) December 19, 2003--Taxback, LLC is a company that provides business owners and 1099 employees with the opportunity to get a free second opinion on their last 3 years of taxes, from a qualified, independent tax review specialist that has the expertise to identify errors and missed deductions that may have caused them to overpay. With this tax review, clients can recover any taxes that have been overpaid over the last 3 years. Taxback finds that 6 out of 10 clients are overpaying and are entitled to a refund. The intention is not to replace their CPAs, but to give clients the peace of mind that they are taking advantage of every possible deduction that they are legally and ethically entitled to receive. Qualified clients include anyone who has paid or had withheld, federal, state or social security taxes for the last 3 years, and who has any combination of the following: 1099 income, Self-employment income, an "S" or "C" corporation, Rental income, or W2 withholdings.What...
Taxback Provides a Second Opinion of Last 3 Years of Taxes, Results in Refunds of Overpaid Taxes for 6 Out of 10 Clients
Tax help > Taxback Provides a Second Opinion of Last 3 Years of Taxes, Results in Refunds of Overpaid Taxes for 6 Out of 10 Clients
Are you tired of Tenants, Toilets and Trash?
(c) - All Rights reserved http://www.savegainstax.com===========================================================Wouldn't you rather go to Tahiti?Are you a landlord with rental property whose value hassignificantly appreciated?Are you ready to cash in those profits and take that trip toTahiti?Before selling your property, check with your accountant whowill tell you that you will be paying $60,000 in CapitalGains Tax to Uncle Sam. Your accountant will also tell youthat adding another $20,000 to your income by that sale iscalled recaptured depreciation. This will bump you into thenext tax bracket and doom you next April 15th into sendingthe IRS a check for maybe another $7,000.Are you still ready to sell that property?It looks like that trip to Tahiti is going to be sometime inthe far future?But wait! You decide to check with your realtor and thenfind out about a 1031 exchange to defer your Capital Gains. Your realtor tells you if you buy another...
Are you tired of Tenants, Toilets and Trash?
Tax help > Are you tired of Tenants, Toilets and Trash?