R. Shawn McBride recently published an article to the McBride For Business Blog on a topic that might be of interest: The Hidden Benefits of Planning.
He discusses Section 1031 is a section of the federal tax code that allows property owners to exchange one property for another and to defer the taxes on it (not get taxed immediately upon exchange).
You can see the full article here.
Each case is unique. Past results do not guarantee future outcomes. This posting is intended to be a tool to familiarize readers with some of the issues discussed herein. This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique. Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity.
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Posted In: UncategorizedAbout the AuthorR. Shawn McBride — is the Managing Member of The R. Shawn McBride Law Firm, PLLC. Shawn works successful, private business owners in their growth and missions to make a company that stands the test of time. You can email R. Shawn McBride Law Firm or call (214) 418-0258.