Jun 20, 2024
Inheriting a home can come with unexpected expenses that catch many off guard. Even if the plan is to sell the property, significant costs often need to be addressed before seeing any proceeds. Sometimes, the estate will cover these expenses, but if not, the heir is...
Jun 20, 2024
While avoiding capital gains tax when selling farmland completely is impossible, several strategies can help reduce, delay, or minimize the tax liability. One method is through property transfer to heirs, which doesn’t eliminate capital gains taxes but steps up...
May 23, 2024
Clearing out a house, whether for a move or dealing with an inherited property, is a daunting task that requires careful planning and execution. Begin by assessing what needs to be removed, noting any specific challenges, such as heavy furniture or delicate items that...
May 23, 2024
When considering a Deferred Sales Trust (DST) for capital gains tax deferral, selecting the right trustee is crucial. A knowledgeable trustee is essential, as they should thoroughly understand DSTs and other capital gains deferral strategies to ensure you’re using the...
May 7, 2024
Accounting is crucial for all organizations, and accountants’ duties vary based on client needs and job positions. While specific hard or technical skills may differ, there are common skills that all accountants need. Curious to know what these skills are? Read...
Apr 25, 2024
The elusive cash offer is the ultimate dream in real estate. When a realtor receives a cash offer on a property, they know they’ve secured an excellent deal. But what exactly is a cash offer? A cash offer means the buyer has the money in the bank to pay for the house...
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