Like-Kind Exchange Real Estate Tax Tips

Generally, if you exchange investment property solely for investment property of a like kind, gain may be deferred into the future under Internal Revenue Code Section 1031. If as part of the exchange, you also receive other (not like-kind) property or money, gain is recognized to the extent of the other property and money received. …

Continue reading ‘Like-Kind Exchange Real Estate Tax Tips’ »

Time share scam tips

Timeshares seem like the best vacation ever–resort vacation, your trip destination planned in advance, fixed or floating times to use your unit, manicured grounds, good food…  But what happens when you get tired of it? Those fees add up, the time share locations can get boring–and you may want to sell your time share. Unfortunately, …

Continue reading ‘Time share scam tips’ »

How to Stop Identity Theft

3 smart ways to protect yourself One of the fastest growing white-collar crimes in America is identity theft. According to the Federal Trade Commission (FTC), as many as 9 million Americans have their identities stolen each year. Chances are, if you haven’t been a victim of identity theft, someone you know has.  What Is Identity …

Continue reading ‘How to Stop Identity Theft’ »

Fraud Criminals Migrate to Hardest Hit Areas

Homeowners, be forewarned:  data from Interthinx shows that mortgage- and foreclosure-fraud is on the rise.  Read the following article from DSNews.com for further information: “Data released Monday shows an increase in mortgage related fraud in areas with high rates of foreclosure activities and underwater borrowers. Risk analytics firm Interthinx released its annual Mortgage Fraud Risk …

Continue reading ‘Fraud Criminals Migrate to Hardest Hit Areas’ »