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EquipEx
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Enjoying #LaborDay2016 #Colorado style
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Consider the %s: EquipEx fees are typically well below $1,000 for common 1031 Exchanges. If your organization has a fully depreciated piece of property (equipment, vehicle, etc.) to replace that will fetch as little as $10k, you’re better off with a 1031 Exchange than without. Here’s why in numbers: 1) you will owe $0 in federal tax (and most likely the same in state tax) rather than $3k+ without a 1031, a 20-25+% net cash flow improvement and tax deferral; 2) if you keep the replacement property for some years and its value at time of eventual sale is half of what you paid for it, you’ll owe tax only on the sale amount and your tax deferral becomes hard tax savings; 3) the $3k you kept working for you means $3k less that you had to borrow (from your bank or operating cash), a value of perhaps 5% ($150) per year – 1031 fees are covered in 4-6 years, not including other benefits as described above. Larger value 1031 Exchanges reap even larger percentage savings because fees increase minimally, if at all.

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Improve Profitability by Completing a 1031 Exchange, with Minimal Extra Work. If managed properly, benefits are big and costs are small!
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Tax Extenders signed by President Obama on Dec 19. 168 & 179 restored to 2013 levels, until Y/E only. Buy fast if you've been on the fence!

Senate yet to vote on the Tax Extenders package, which includes reinstatement of Section 168 at a "50% bonus" level, and Section 179 to it's former, higher levels of $500k deduction/$2MM investment ceiling. Vote expected this week, then Obama's sign-off needed.

In Section § 1031 Like-Kind Exchanges, "like-kind" property is defined by one of two classification systems: GAC (General Asset Class) and NAICS (North American Industry Classification System). Thirteen (13) broad GAC codes receive priority, followed by the numerous, more narrowly defined NAICS codes. In some cases, Exchangers have a great deal of leeway when it comes to meeting the like-kind requirement.  EquipEx is standing by to provide an objective assessment of your like-kind property classification(s) and options.

If it’s an asset, you can Like-Kind Exchange it (well, just about). With very few exceptions including stock in trade, stocks, bonds, notes and certain ownership interests, any business-use or investment asset is eligible for an LKE under Section § 1031 of the Internal Revenue Code. This includes not just real estate but also equipment, vehicles, collectibles and nearly every other tangible asset in existence. Even certain intangibles such as licenses and patents are allowable. Before replacing or upgrading another asset, contact EquipEx for objective information and your tax professional to ascertain available LKE benefits. In many cases, the positive impact to your cash flow and ultimately to your bottom line is substantial!

If it’s an asset, you can Like-Kind Exchange it (well, just about). With very few exceptions like stock in trade, stocks, bonds, notes and certain ownership interests, any business-use or investment asset is eligible for an LKE under Section § 1031 of the Internal Revenue Code. This includes not just real estate but also equipment, vehicles, collectibles and nearly every other asset in existence. Before replacing or upgrading another asset, contact EquipEx for objective information and your tax professional to review LKE benefits. In many cases the positive impact to your cash flow and ultimately to your bottom line is substantial!
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