Search results for "trust funds" | firsttuesday Journal

A delay in the §1031 transaction

Posted by ft Editorial Staff | Jun 6, 2004 | Investment, Real Estate, Tax |

This article lays out the time limitations and related restrictions in a delayed exchange for the identification and acquisition of replacement property. Identification and acquisition periods An investor opens an escrow for the...

Direct deeding in delayed §1031 transactions

Posted by ft Editorial Staff | May 5, 2004 | Investment, Real Estate, Tax |

This article addresses the proper method for conveying properties in a two-step §1031 transaction. The normal method of conveyancing An owner of real estate held for investment or for productive use in a trade or business...

Tax scams and schemes

Posted by ft Editorial Staff | Apr 4, 2004 | Real Estate |

The Internal Revenue Service (IRS) released a news alert at the beginning of March regarding the most common tax scams for taxpayers to avoid. The IRS intends to strictly enforce the law against those who perpetuate scams and...

Installment sale continues after carryback extended

Posted by ft Editorial Staff | Mar 3, 2004 | Real Estate |

This article presents the tax reporting rules affecting the modification of a note held by a carryback seller and trust deed investor. No taxable disposition on modification A seller of real estate carries back a note and trust...

Time to perform

Posted by ft Editorial Staff | Sep 9, 2003 | Real Estate |

This article sets out the enforceability of one party’s right to cancel a transaction when the other party fails to perform by an appointed date. Time is of the essence The short, seemingly harmless time-is-of-the-essence...