Can one member of an LLC do a 1031 exchange?
Is a Single Member LLC able to do a 1031 Exchange with LLC? Yes. If you are the only partner in a single-member LLC, you’ll have no issues if you’re t......
Which pension is better defined benefit or defined contribution?
Defined benefit pension This is also known as a career average pension or final salary pension, and is usually a better pension type compared to a def......
Is the most important example of a personal servitude?
An example of a personal servitude is a usufruct. A usufruct is a right to use and enjoy another’s property. A person can have a usufruct over another......
How do I report interest on a family loan?
The federal income tax results are straightforward if your loan charges an interest rate that equals or exceeds the AFR. You must report the interest ......
When do you not receive a K-1 from a partnership?
Unfortunately, quite often such clients simply treat the prior year as “finished” once that return is filed by April 15 and simply ignore any K-1 that......
