1031 Exchanges

A 1031 Exchange, also called a ‘Like Kind’ or ‘Starker Exchange’, involves the owner of one investment property exchanging it for a different investment property.  Because this is treated as an exchange, and not a sale, there are no taxes due on the transaction. Why...

Self Employment Taxes

What are self-employment taxes? Self-employment taxes are simply the amounts you pay towards Medicare and Social Security.  If you previously worked for an employer, you never had to think about them since they were deducted from your paycheck before you ever got your...