postpone paying taxes on profits

Postpone Paying Tax on Investment Proceeds

Information Obtained from IRS Website Whenever business or investment property is sold and there is a profit/gain, generally there are taxes to be paid on the gain at the time of sale. However, IRC Section 1031 provides an exception which would allow someone to delay paying tax on the gain. To postpone the tax, the proceeds need to be reinvested…

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8 Financial Steps

8 Basic Steps to Financial Planning

Creating a personal financial plan maybe a daunting process, but I hope the following tips below will help you with the process. A personal financial plan is unique to each person because we are in various stages of our lives and hold different goals or plans. To effectively build an effective financial plan, I recommend planning an hour or so…

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