Found 3 blog entries tagged as taxes.

Thinking of relocating to Reno-Tahoe? We don’t blame you. Northern Nevada is arguably one of the best places to stake your claim in the great 50 states. As one of the fastest growing states in the nation, Nevada has so much to offer and we compiled a list of our favorite fun facts to know about the Reno-Tahoe region.

1) Research your neighborhoods. Whatever you’re in the market for, Reno-Tahoe has it all when it comes to living options. Enjoy the hustle and bustle of city life? Or perhaps looking for a quiet refuge in the forest? Each neighborhood in the area holds its unique charms.

2) Traffic doesn’t (mostly) exist. Rush hour in Northern Nevada mostly revolves around ski or beach traffic after an epic powder day or one of many cloudless summer

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Investing in property is one of the most lucrative endeavors you can delve into if you do it right. Tax rules abound for investors when it comes to selling off property, but there is a popular tool to help maximize profits and avoid capital gains tax. A 1031 exchange can do just that is one of the best bets for building foundational real estate wealth.

 

What is a 1031 exchange?

A 1031 exchange gets its name from Section 1031 of the U.S. Internal Revenue Code, which allows an investor to avoid paying capital gains taxes on the sale of an investment property, as long the proceeds are reinvested within certain time limits in a property or properties of equal or greater value. In short, it’s a tax-deferring transaction that can be used in just about

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The extended deadline for filing taxes this year is October 17.*

 

MarketWatch has provided tips for last-minute filers, see the top tips below:

  • ·        Don’t wait until the very last minute to file online. Imagine if your software stops working, or you have internet issues – you could end up missing the deadline all together.
  • ·        Planning to file on paper? Check local U.S. Post Offices for which branches will be post-marking mail up until midnight. Doing this in advance will show you exactly where to go and be sure to show up at least a half hour before they close.
  • ·        Even if you don’t have all that you need to file a complete return, submit it anyway. You will get hit with a 5% per month late filing penalty if you miss the
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