Happy New Year! 2006 is going to be great.
I just wanted to update you on the launch status of my "Interview with the Pros" series.
It looks likely that it will happen around the 23rd of January. In the next 5 posts I will talk a little about what you can expect.
Eva Rosenberg, better known as TaxMama will open up about capital gains from a tax professionals point of view.
Here are just a few of the topics she will address.
• 1031 exchanges and what the IRS requires to not challenge them
• What’s in a name and why changing it during an exchange can invalidate
the whole transaction
• What forms to be sure to file and records to keep
• Which capital gains calculations might surprise you with extra taxes due
• Why not taking your depreciation each year might come back to bite you
• How the IRA calculates the dates for deadlines and what happens if you
miss them
• Examples of cases she has seen that have gone horribly wrong
• What assets you might not even realize you owe capital gains tax on
• The dreaded Alternative Minimum Tax trap that you might never see coming
• Her advice on how to choose a tax professional that can save you thousands
of dollars- rather than one who could cause you to lose your shirt.
Eva will tell you how to do things right so the IRS won't be knocking on your door.
Stay tuned for the next peek into Part II - Interview with a Qualified Intermediary.
Paula Straub
http://www.savegainstax.com
askpaula@savegainstax.com
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