Internal Revenue Code section 1031 — Under Section 1031 of the Internal Revenue Code (usc|26|1031), the exchange of certain types of property may defer the recognition of capital gains or losses due upon sale, and hence defer any capital gains taxes otherwise due.ummaryTo qualify… … Wikipedia
1031 — This is the year 1031; the number 1031 may also refer to ::::* [http://apiexchange.com/apimain/Form%208824.pdf 1031 form] Section 1031 of the U.S. Internal Revenue Code allows investors to defer capital gains taxes on the exchange of like kind… … Wikipedia
Rosen, Michael Wayne — (1946 ) Born in Harrow, North London, of Jewish parents who were both teachers, he graduated in English from Wadham College, Oxford. In 1993, he gained an M.A. in children s literature from Reading University and a Ph.D. from University of… … British and Irish poets
Like-kind exchange — A like kind exchange is a United States tax deferred exchange that allows for the disposal of an asset and the acquisition of another similar asset without generating a tax liability from the sale of the first asset. A like kind exchange can… … Wikipedia
Community Reinvestment Act — The Community Reinvestment Act (CRA, Pub.L. 95 128, title VIII of the Housing and Community Development Act of 1977, 91 Stat. 1147, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial… … Wikipedia
Internal Revenue Code — The Internal Revenue Code (or IRC; more formally, the Internal Revenue Code of 1986, as amended) is the main body of domestic statutory tax law of the United States organized topically, including laws covering the income tax (see Income tax in… … Wikipedia
NES Financial — is a provider of third party administration solutions for multi party escrows, 1031 exchanges, and multi party trusts. It services financial institutions, corporations, and individuals, and has expanded over the past several years to include… … Wikipedia
Amount Recognized — The amount of capital gain/loss that must be reported on the taxpayer s tax return in any given year. The amount recognized refers to the tax implications of the sale of an asset or investment and will take into account any selling or brokerage… … Investment dictionary
Tax avoidance and tax evasion — Tax avoidance is the legal utilization of the tax regime to one s own advantage, in order to reduce the amount of tax that is payable by means that are within the law. By contrast tax evasion is the general term for efforts to not pay taxes by… … Wikipedia
Recognition (tax) — In United States tax law recognition is among a series of prerequisites to the manifestation of gains and losses used by the Internal Revenue Service for determining federal income tax liability. First in the series for manifesting gain and loss… … Wikipedia
