Section 1031 Exchanges: Deferring Taxable Gain on the Sale of Property

Author: Joe Pioletti Posted on: . Filed in: Real Estate, Tax.

Pioletti & Pioletti 1031 Exchange

Whenever you sell business or investment property for a gain you typically have to pay tax on that gain. The IRS has created an exception to this rule known as the Section 1031 exchange. These exchanges are also referred to as like-kind exchanges, deferred exchanges, tax free exchanges, and Starker exchanges. If at the time… Read More »

Section 1031 Exchanges: Swap Till You Drop

Author: Joe Pioletti Posted on: . Filed in: Real Estate, Tax.

Pioletti & Pioletti Exchange Drop

TURNING A TAX DEFERRAL INTO A TOTAL TAX AVOIDANCE Section 1031 Exchanges: Swap Till You Drop Previously we looked at the requirements and mechanics of a Section 1031 Exchange. For a better understanding of the basic operation of 1031 exchanges please check out that article. Here we look at one aspect of Section 1031 Exchanges… Read More »

Guide to the Affordable Care Act – The Individual Mandate Part 1

Author: Joe Pioletti Posted on: . Filed in: Tax, Updates.

affordable_care_act-1_84ee238a8377b47d3ab8ed519969897c

THE INDIVIDUAL MANDATE AND POSSIBLE PENALTIES FOR LACK OF COVERAGE This is part 1 of an ongoing series that will break down the different provisions of the new Affordable Care Act. The goal will be to educate taxpayers on ways the Act will affect them so that they may plan more effectively. We begin by… Read More »

Use of CLAT Trusts to Reduce Estate Tax Bill Flourish in Low Interest Rate Environment

Author: Joe Pioletti Posted on: . Filed in: Estate Planning, Tax.

Pioletti & Pioletti Estate Planning

Charitable Lead Annuity Trusts, or CLAT trusts, have become a popular method for individuals to minimize their Federal Estate Tax bill. Sometimes referred to as “Jackie O” trusts after the former First Lady Jacqueline Kennedy’s will called for one upon her death in 1994, these trusts have the ability to transfer money tax free to… Read More »