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

Author: Joe Pioletti Posted on: . Filed in: 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 »

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

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

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 »