1031 Tax Exchange – Frequently Asked Questions After years of conducting tens of thousands of successful 1031 exchanges, we found that there are a number of frequently asked questions related to this type of transaction… Equity and Gain Is my tax based on my equity or my taxable gain? Tax is calculated upon the taxable gain Gain and equity are two separate and distinct items To determine your gain, identify your original purchase price, deduct any depreciation which has been previously reported, then ...

The Benefits Of Donating Your Used Vehicles People who are thinking of donating their cars for a variety of foundations or programs aimed at helping other people now have more reasons to think about donating their used cars While the act of donating something should be done for proper motivations, the recipients of these car donations have just devised a way to cerate more motivations for future donors Car donors can donate their used cars and receive a receipt for tax ...

Credit Card Fraud - Part I In this series we are going to cover one of the biggest problems all over the world Credit card fraud For those who may not exactly know what credit card fraud is, a simple definition Credit card fraud is the act of making a purchase using someone else's credit card information Sounds like something that should be difficult to do Unfortunately, it's not There are many types of credit card fraud, the most common we'll cover in this article First there is what ...

Retirement Savings, Rrsp Savings For Financial Freedom Copyright 2006 AAA Consumer Credit Solutions The Retirement Savings, freedom savings, or RRSP Season is here You must act before March 1, 2006 to get yourself a Tax Deduction and a Tax Refund Cheque Most people understand financial freedom as an RRSP Contribution Believe me, the RRSP Contribution is indeed the first step It can be equated to Grade I in the Grade XII school system Then our Mortgage Freedom and our insurance Investing would be equated to University and Graduate ...

So Many Ways To Save! If you are anything like me, you have trouble saving money! Just like most folks I guess After a lifetime of trying I have finally figured out how I can save some money and not even notice it's missing and with almost no effort at all That's the best part Here are some ways that might work for you as well: 1 Limited access to your funds Open a high interest yielding online savings account, one that is linked to your account ...

Know How To Take Your Lumps KNOW HOW TO TAKE YOUR LUMPS If you are about to retire or change jobs, or if your employer is terminating the company retirement plan, you may be eligible to receive a "lump sum distribution" as defined in the Internal Revenue Code Such a distribution may be substantial and may represent the cornerstone of your retirement security So it is important to consider your options carefully before making a decision regarding distributions Basically, you are faced with two main options Should you ...

Repair Your Credit, Build Your Survival Foundation Why is it important to have good credit? With today's society becoming more and more business oriented, establishing and maintaining good credit is vital if you plan to do any of the following: 1 Apply for employment 2 Rent an apartment 3 Open a bank account 4 Setup an account with public service or the telephone company It used to be that establishing good credit was important only if you planned to buy a home or car, but not anymore The simplest ...

Seven Ways To Save On Taxes Next Year Nobody likes paying taxes, so the procrastination factor when preparing them tends to be high But the good news is that there are some things you can do now that will help you prepare for next years taxes Here are seven great tax saving tips so that you can keep more of your hard earned dough! 1 Pay your January 1st mortgage payment a day early If you mail out your mortgage check on December 31st, the interest deduction ...

Do It Yourself Credit Repair Many of us believe that it is only through an agency that we could possibly have any hope for repairing our own credit Rest assured that this is not true It could possibly cost you more money and time to arrange through an agency than it would to just do it yourself My recommendation, before contacting an agency for assistance is to follow the steps below as you may just be surprised at the results Repairing your own credit takes time, and ...

New Business Credit Card - Managing Cash Flow With A Business Credit Card A business credit card can help you manage your company's finances more efficiently With a line of credit, you can handle cash flow issues, keep track of expenses, and qualify for deals and discounts Manage Cash Flow Cash flow is always an issue with businesses Bills are due while you are waiting for accounts to be paid A business credit card can help you get through these short-term issues without having to take out a line ...