Jan 26
Welcome to TaxView with Chris Moss CPA Are you soon coming out of a Section 1031 tax free exchange with a large gain? Have you thought about a 1031 sale leaseback (SL) as an alternative to a straight purchase to close out your 1031 this year? Why use an SL? Long term SLs qualify for …
Jan 16
Welcome to TaxView with Chris Moss CPA. For any of you out there owning a partnership interest that restructures from an S Corp to an LLC or perhaps borrows funds and takes partnership or shareholder distributions, watch out for the IRS Disguised Sale Trap (DST). Or perhaps you own some land or stock with a …
Jan 08
Welcome to TaxView with Chris Moss CPA If you have given a large donation to an IRS designated 501(c)(3) public charity this year you all know that you get to itemize that contribution as a tax deduction on Schedule A of your Form 1040. But there is also another option: the charitable tax-exempt 501(c)(3) Family …