1031 like-kind exchange – The Burns Firm – Advisors of Complex Financial Matters

Demystifying like-kind exchanges

June 30th, 2026|Categories: 1031 Exchange, 1031 Like-Kind Exchange, Accountant, accountant near me, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Like-Kind Exchange, SEC. 1031 Exchange, Tax, tax accountant, tax accountant near me, Tax Advisor, Texas CPA, The Burns Firm|Tags: 1031, 1031 like-kind exchange, cpa near me, Dallas CPA, Like-kind exchanges, Like-Kind Property Guideline, Rules for a 131 Like-Kind Exchange, Sec. 1031, tax, tax accountant, tax advisor, Texas CPA, The Burns Firm|

If you’re a real estate developer or a small business owner who owns commercial real estate, you might be thinking about selling a property. If it has appreciated significantly, [...]

10 Tax Breaks to Consider on Extended Returns

September 5th, 2024|Categories: 1031 Like-Kind Exchange, Accountant, Burns Firm, Charitable Donations, Child Tax Credit, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Deductions, Education, Education Expenses, EV Credits, Higher Education Credits, Home Energy Credits, Home Office Deduction, Medical Deductions, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Credits, Tax Planning, Tax Preparation, Tax Return Preparer, Texas CPA, The Burns Firm|Tags: 1031 like-kind exchange, Charitable Gifts, CPA, cpa near me, Dallas CPA, Family Tax Credits, Higher Education Credits, Home Energy Credits, home office deductions, medical deductions, tax, tax advisor, tax breaks, Texas CPA, The Burns Firm|

If you requested an extension for your 2023 federal income tax return, you have until six months from the original due date — October 15, 2024, to be exact — [...]

Like-Kind Exchanges: New Proposed IRS Regs Define Real Property

November 12th, 2020|Categories: Accounting, Burns Firm, Business, TCJA|Tags: 1031 exchange, 1031 like-kind exchange, CPA Dallas, definition of real property, Like-kind exchanges, tax, TCJA changes, The Burns Firm|

The IRS has issued new proposed regulations that define what constitutes real property to determine eligibility for tax-deferred Section 1031 "like-kind" exchanges. Importantly, the proposed regs allow personal property that's [...]