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Nancy Grekin stays on top of industry developments and shares her most important findings with subscribers.

Want to defer capital gains taxes? Nancy Grekin actually wrote the book on 1031 Exchanges. (More)

Once General Counsel to Liberty House, Nancy has represented lessors and leesees in thousands of transations. (More)

There are 25 major areas of legal practice. Nancy focuses on a sub-category of one. She’s a specialist. (More)

The complexities of creating and obtaining regulatory approval to sell a condominium require a seasoned expert. (More)

Want to defer capital gains taxes? Nancy Grekin actually wrote the book on 1031 Exchanges. (More)

Once General Counsel to Liberty House, Nancy has represented lessors and leesees in thousands of transations. (More)

There are 25 major areas of legal practice. Nancy focuses on a sub-category of one. She’s a specialist. (More)

The complexities of creating and obtaining regulatory approval to sell a condominium require a seasoned expert. (More)

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Use of Exchange Funds for Improvements to Replacement Property

Clients often ask whether they can use exchange funds to alter or renovate replacement property. The answer is no! Improvements to real estate are personal property until installed and they become fixtures, so if exchange funds are used for this purpose it will be treated as if the taxpayer had not acquired replacement property with…

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1031 Challenge

Code Section 1031 has existed since the dawn of the income tax in the original Revenue Acts of the 1920s. It has remained virtually unchanged since its inception in the Internal Revenue Code of 1939. There have been proposals to repeal it but rather Congress has limited its application first by eliminating exchange of partnership…

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Lessons in Leasehold

Are you in business at premises which are a sublease? That is, does your landlord lease from someone else and sublease to you? If so, did you know that you are at risk of losing your lease if your landlord defaults? A recent client with a substantial installation faced this issue. The company’s landlord (called…

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Good News and Bad News on the Tax Front

The Bad News: The Net Investment Income Tax Code Section 1411 imposed the new “net investment income tax.” The tax is 3.8% of “net investment income” of individuals, estates and trusts above statutory threshold amounts. Net investment income includes The Net Investment Income Tax is imposed by section 1411 of the Internal Revenue Code. The…

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Choosing an Entity for Your Business

If you are starting a new business one of the first things you will do is to form an entity. There are several choiees of entity and each has its own operational and tax characteristics. You have probably heard the ads on TV for companies which offer to form an entity and start a business…

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The Ins and Outs of 1031 Exchange

Section 1031 exchange is a household word among real estate investors. Having written a 250-page book on it I can tell you there is a lot to know. This is a brief explanation of how it works. There are many types of exchanges including build-to-suit and family exchanges. This explanation is the proverbial drop in…

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The Demise of Better Place

Better Place is a fascinating Israeli company which intended to build and operate battery changing stations for electric cars. Instead of charging a battery they would swap it out. Better Place had an office in Hawaii and had a partnership with the State to promote and power electric vehicles.  The Company has now announced it…

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Taxpayer Relief Act of 2012

The Taxpayer Relief Act of 2012 (“ATRA”) is a bit of a misnomer because it did not provide relief for higher income taxpayers. This means that the tax benefits of exchanges under Code Section 1031 have become even more valuable to higher income taxpayers. Under ATRA existing individual tax rates will continue but only for taxpayers with…

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Leasing Alligators

Don’t let leasing alligators eat your bottom line! This will explain some of the issues which come up in commercial leases. In the immortal words of the Beatles – I want to hold your hand – through your next lease transaction.

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