• Davis Law Group Team

Category Archives: Business

Tax-Deferred Exchanges Part 2: Trust Agreement

In our last blog, we discussed the limitations of a Tax-Deferred Exchange – a technique available to defer taxes and maximize the funds available for reinvestment upon the sale of an investment property.

Because there are many considerations with a Tax-Deferred Exchange, we are covering...
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What You Need to Know About Real Estate and 1031 Tax Deferred Exchange

1031 Tax Deferred Exchange-

How the 1031 Tax Deferred Exchange Can Affect Your Real Estate Investment

Since the Tax Reform Act of 1986, real estate investors have faced one big problem on the sale of their property: higher taxes. Upon the sale of an investment property the full amount...
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Schedule K-1s are Due March 15th – Are You Ready?

Whether you’re a small LLC, an Electing Large Partnership LLC or an S-Corporation, March 15th marks the date you must file your 2016 tax returns (Form 1065, 1065-B, 1120S, or 2553, depending upon your business entity).

In addition to filing your taxes by this date, March 15th also marks the deadline for sending out Schedule K-1s...
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Tax Records: What to Keep and For How Long??

A big question we get is how long should you maintain tax returns and supporting documentation?

As the year ends and you prepare for your 2016 tax return, here is some good advice and information on tax documentation and retention. Tax Returns vs. Real Estate Records Generally, the IRS recommends keeping copies of tax returns and supporting documents...
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