That’s part of the plan. How will you be affected? In 2013, wealthy Americans will pay extra Medicare taxes. Congress, President Obama and the IRS are putting a surcharge on the wealthy to help fund the health care reforms. Beginning in 2013, joint filers with adjusted gross incomes of $250,000 or greater and single filers [...]

If it’s late in the year, you may be able to push your gain into next year. 1031 exchanges can prove very useful. Every day, real estate investors exchange out of investment or business properties for “like-kind” properties while deferring capital gains – all thanks to Internal Revenue Code Section 1031. The exchanger, of course, [...]

Is the recovery imminent? Or already underway? Signs point to a rebound. As this recession emerged, many economists felt that it would only fade away when the sector where it all began healed itself. It was in late 2006 when the U.S. real estate bubble began to pop, setting off a chain reaction of shocks [...]