Sound Tax Planning Advice for New York & National Companies
If you are a business owner or prospective real estate purchaser in New York City, you should investigate the advantages of pre-tax planning and IRS 1031 Tax Free Exchanges.
Olga Berdé Mahl will show you how to legally protect appreciated assets and maximized profits from federal taxation stand point. When a real estate transaction or business ownership issue looms in your foreseeable future, we can discuss the potential tax consequences and make you aware of your options.
Olga Berdé Mahl & Associates will provide you with a clear explanation of your options for pre-tax planning and a 1030 Tax Free Exchange. To discuss your situation during an initial consultation with Olga Berdé Mahl call 212-260-9655.
"Financial Issues? Come to us..we are your special source!"
The basic rules for an IRS 1031 Tax Free Exchange include:
- Property you relinquish must be a qualifying property — business property or equipment held for investment purposes.
- Property that does not qualify would include your home, a partnership interest, note or bond.
- A replacement property title must be entered in the same name(s) titled for the relinquished property.
- Replacement property must be of "like-kind."
- 45-day rule for identification of, or closing on, replacement property.
- 180-day rule for receipt of replacement property.
A 1031 exchange constitutes a tax deferral — not an avoidance of taxation. Lawyer Olga Berdé Mahl will also inform you of disadvantages of this strategy. You should have access to every detail you need to make informed decisions.
Experienced Attorney, Strategic Pre-Sale Tax Planning
Contact skilled tax planning attorney Olga Berdé Mahl regardless of your corporate law issue, "if it touches money, we do it."
E-mail or Call for a free consultation: 212-260-9655
