It's so close now I can feel it. Just a few more kinks and the series will be available!
Stay tuned for the next announcement.
Interview with the Pros will be available for immediate download. Let your education on saving your capital gains begin.
Paula Straub
askpaula@savegaintax.com
http://www.savegainstax.com
Monday, January 23, 2006
Friday, January 20, 2006
Preview - Part V Interview with the Pros
Well, the launch is just a short time away. Wanted to give the last sneak peek, because the next post will be the real thing.
Part V is me being interviewed by real estate investor David Neese. This is from a Fincial point of view. I'll be talking about:
• Exactly what my role is in saving capital gains tax and why you could lose out big time without my help
• What criteria do you need to meet in order to hang onto your gains
• What type of huge difference it makes to you and your family financially to pay your gains in a lump sum rather than deferring them indefinitely or spreading them out
• How not knowing that you have more than one option can affect the rest of your life financially
• When are you paying too much and when can choosing the “cheapest” services make you want to kick yourself
• How long would it take you to do all the research on your own, and why you can still lose big by not knowing what you didn’t know to look up
• When do you have to pay capital gains tax and there is no other option
• How certain tiny mistakes and lack of planning can cost you more in taxes than you originally would have had to pay by just selling outright
• How you can combine several tax saving strategies to have your cake and eat it too
• How your business will likely go to the “front of the line” when I help you through whichever course of action you choose
• My single best piece of advice that will keep you from making a huge financial mistake
Stay tuned. The launch is near!
Paula Straub
www.savegainstax.com
askpaula@savegainstax.com
Part V is me being interviewed by real estate investor David Neese. This is from a Fincial point of view. I'll be talking about:
• Exactly what my role is in saving capital gains tax and why you could lose out big time without my help
• What criteria do you need to meet in order to hang onto your gains
• What type of huge difference it makes to you and your family financially to pay your gains in a lump sum rather than deferring them indefinitely or spreading them out
• How not knowing that you have more than one option can affect the rest of your life financially
• When are you paying too much and when can choosing the “cheapest” services make you want to kick yourself
• How long would it take you to do all the research on your own, and why you can still lose big by not knowing what you didn’t know to look up
• When do you have to pay capital gains tax and there is no other option
• How certain tiny mistakes and lack of planning can cost you more in taxes than you originally would have had to pay by just selling outright
• How you can combine several tax saving strategies to have your cake and eat it too
• How your business will likely go to the “front of the line” when I help you through whichever course of action you choose
• My single best piece of advice that will keep you from making a huge financial mistake
Stay tuned. The launch is near!
Paula Straub
www.savegainstax.com
askpaula@savegainstax.com
Tuesday, January 17, 2006
Preview Part IV- Interview with the Pros - inside glimpse
Well, I get more psyched every day. All the final touches are being put together by my webmaster for the "live" launch of my "Interview with the Pros" series.
It's been a labor of love and will provide so much concentrated knowledge on the different capital gains tax saving strategies. It also allows you to "meet" and get a feel for the experts that could be on your team.
Part IV is the interview with Anthony March, a Chief Trust Advisor for Private Annuity Trusts. He will be discussing:
• What exactly are Private Annuity Trusts and why haven’t you heard much about them
• Why they often have advantages over Charitable Remainder Trusts
• How they can save you huge sums of capital gains for many different types of appreciated assets
• Who should consider a PAT and why
• How does the IRS view PATs and when they might challenge them
• How does the type of ownership of your asset affect whether or not a PAT is even possible
• What kinds of costs are involved
• The three major components of a PAT and what can happen if even one is done incorrectly
• How assets can be invested within a PAT and what can cause the trust to not meet its obligations
• What can go horribly wrong if the trust is not set up correctly
• How can PATs help immensely in estate, tax and retirement planning
• What is an annuitant and how do they differ from a beneficiary
• How much control do you have over your asset once it’s placed in the trust
• What happens to the trust when you pass away
• When is a PAT not a good or even possible choice
• What your attorney may not tell you
I hope to be sending out press releases by the end of the week. There will be an introductory rate for all my list subscribers to take advantage of.
This package will save you hundreds of hours of research!
Paula Straub
askpaula@savegainstax.com
http://www.savegainstax.com
It's been a labor of love and will provide so much concentrated knowledge on the different capital gains tax saving strategies. It also allows you to "meet" and get a feel for the experts that could be on your team.
Part IV is the interview with Anthony March, a Chief Trust Advisor for Private Annuity Trusts. He will be discussing:
• What exactly are Private Annuity Trusts and why haven’t you heard much about them
• Why they often have advantages over Charitable Remainder Trusts
• How they can save you huge sums of capital gains for many different types of appreciated assets
• Who should consider a PAT and why
• How does the IRS view PATs and when they might challenge them
• How does the type of ownership of your asset affect whether or not a PAT is even possible
• What kinds of costs are involved
• The three major components of a PAT and what can happen if even one is done incorrectly
• How assets can be invested within a PAT and what can cause the trust to not meet its obligations
• What can go horribly wrong if the trust is not set up correctly
• How can PATs help immensely in estate, tax and retirement planning
• What is an annuitant and how do they differ from a beneficiary
• How much control do you have over your asset once it’s placed in the trust
• What happens to the trust when you pass away
• When is a PAT not a good or even possible choice
• What your attorney may not tell you
I hope to be sending out press releases by the end of the week. There will be an introductory rate for all my list subscribers to take advantage of.
This package will save you hundreds of hours of research!
Paula Straub
askpaula@savegainstax.com
http://www.savegainstax.com
Monday, January 16, 2006
Preview- Part III Interview with the Pros sneak peek
I'm so excited that everything is on track for my launch of the "Interview with the Pros" series. You can plan on seeing it live in the next week!
Here's just a peek of what you'll learn in Part III - The TIC Sponsor Co Vice President. It went so long with such good stuff, it'll be broken into 2 segments. Zach Roberts will discuss:
• What exactly is a Tenant in Common Property and how are they associated with 1031 exchanges
• How it differs from a TIC partnership and provides more safeguards for owners
• The Capital Gains tax treatment of 1031 exchanges and how it differs from other gains saving options
• The potential risks of 1031/TIC exchanges and how to lower them
• How easy is it to get out of TIC ownership
• What is the current market for reselling TICs and which ones sell fast
• What kind of income can you expect, and when could can change
• What are the differences between TICs sold as Securities and those sold as Real Estate and why should you care
• Which types of contracts you might have and what you should make sure is in them
• How big of a say do you get in ownership decisions if you are the smallest investor
• What type of costs are involved
• What are “assumptions” and why these can make or break an investment
• How much money do you need to purchase a TIC
• How available are properties and can you meet your deadlines in choosing one
• Questions you need to ask during “due diligence” and what happens if you don’t
• How does the IRS feel about 1031/TIC exchanges and what is required to not have them invalidated
• What you can do to feel comfortable with the property you are buying into even if it is located in another state
There is so much good information in these interviews they are priceless. Stay tuned for the sneak peek at part IV.
Paula Straub
www.savegainstax.com
askpaula@savegainstax.com
Here's just a peek of what you'll learn in Part III - The TIC Sponsor Co Vice President. It went so long with such good stuff, it'll be broken into 2 segments. Zach Roberts will discuss:
• What exactly is a Tenant in Common Property and how are they associated with 1031 exchanges
• How it differs from a TIC partnership and provides more safeguards for owners
• The Capital Gains tax treatment of 1031 exchanges and how it differs from other gains saving options
• The potential risks of 1031/TIC exchanges and how to lower them
• How easy is it to get out of TIC ownership
• What is the current market for reselling TICs and which ones sell fast
• What kind of income can you expect, and when could can change
• What are the differences between TICs sold as Securities and those sold as Real Estate and why should you care
• Which types of contracts you might have and what you should make sure is in them
• How big of a say do you get in ownership decisions if you are the smallest investor
• What type of costs are involved
• What are “assumptions” and why these can make or break an investment
• How much money do you need to purchase a TIC
• How available are properties and can you meet your deadlines in choosing one
• Questions you need to ask during “due diligence” and what happens if you don’t
• How does the IRS feel about 1031/TIC exchanges and what is required to not have them invalidated
• What you can do to feel comfortable with the property you are buying into even if it is located in another state
There is so much good information in these interviews they are priceless. Stay tuned for the sneak peek at part IV.
Paula Straub
www.savegainstax.com
askpaula@savegainstax.com
Friday, January 13, 2006
Preview - Part II Interview with the Pros series launch
The launch date is approaching for the "Interview with the Pros" series. I'm excited because it's turned out even better than I'd hoped.
Sneak Preview to Part II - Qualified Intermediary
You'll hear Kathy Biewenga talk about:
• The differences between a Qualified Intermediary and an Accommodator
• What can happen if the proper language is not used in an exchange contract
• What can go wrong if you don’t choose an experienced Qualified Intermediary
• What are the most important rules you must adhere to in a 1031 exchange
• How does the way title is held affect an exchange
• What is a reverse exchange
• How “boot” is created and the consequences if it is
• What is a partial exchange
• How do exchange laws differ from state to state
• What exactly should a Qualified Intermediary do to help you with
your exchange, and what happens if they don’t
• Which other professionals does a QI work with, and why is their role
important as well
This is crucial when choosing a QI to work with. Stay tuned for Sneak Preview Part III coming very soon.
Paula Straub
www.savegainstax.com
askpaula@savegainstax.com
Sneak Preview to Part II - Qualified Intermediary
You'll hear Kathy Biewenga talk about:
• The differences between a Qualified Intermediary and an Accommodator
• What can happen if the proper language is not used in an exchange contract
• What can go wrong if you don’t choose an experienced Qualified Intermediary
• What are the most important rules you must adhere to in a 1031 exchange
• How does the way title is held affect an exchange
• What is a reverse exchange
• How “boot” is created and the consequences if it is
• What is a partial exchange
• How do exchange laws differ from state to state
• What exactly should a Qualified Intermediary do to help you with
your exchange, and what happens if they don’t
• Which other professionals does a QI work with, and why is their role
important as well
This is crucial when choosing a QI to work with. Stay tuned for Sneak Preview Part III coming very soon.
Paula Straub
www.savegainstax.com
askpaula@savegainstax.com
Monday, January 09, 2006
Capital Gains and the New Year
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
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
Tuesday, December 27, 2005
The Importance of Proper Planning BEFORE you Sell Your Asset
The one thing I can't stress enough is the importance of proper planning before you finalize the sale of your appreciated investment property.
As I complete my series of "Interviews with the Professionals", the one thing that is common among all aspects of a strategy is to work with knowledgeable, experienced professionals who can guide you through the process of whichever tax saving strategy is most suitable for your unique situation and Do It Right!
Whether you choose a 1031 Exchange into a Tenant in Common Property, a Private Annuity Trust, a Charitable Remainder Trust, or some other vehicle, this is not a time to do it all on your own.
These are complicated and detailed entities and it's the IRS you ultimately have to answer to. I don't know about you, but they are one organization that I personally don't want scrutinizing my every tax form.
This is not the time to penny pinch. The advice of a good Tax Professional, Attorney, Qualified Intermediary, Trust Officer, Financial Advisor, and Sponsor Company representative can literally save you thousands more than the costs involved and keep your strategy from being challenged and perhaps disqualified down the road.
If either your trust or your exchange is challenged, those huge amounts of taxes you had intended to defer will be due with penalties and interest.
If you had a brain tumor, I'm sure you'd want the best professional you could find. Think of tax planning the same way. After all, it is your hard earned money at risk.
Stay tuned for the launch of my "Interviews with the Professionals" series. You'll hear the right questions to ask to make your strategy a success.
Paula Straub
http://www.savegainstax.com
askpaula@savegainstax.com
As I complete my series of "Interviews with the Professionals", the one thing that is common among all aspects of a strategy is to work with knowledgeable, experienced professionals who can guide you through the process of whichever tax saving strategy is most suitable for your unique situation and Do It Right!
Whether you choose a 1031 Exchange into a Tenant in Common Property, a Private Annuity Trust, a Charitable Remainder Trust, or some other vehicle, this is not a time to do it all on your own.
These are complicated and detailed entities and it's the IRS you ultimately have to answer to. I don't know about you, but they are one organization that I personally don't want scrutinizing my every tax form.
This is not the time to penny pinch. The advice of a good Tax Professional, Attorney, Qualified Intermediary, Trust Officer, Financial Advisor, and Sponsor Company representative can literally save you thousands more than the costs involved and keep your strategy from being challenged and perhaps disqualified down the road.
If either your trust or your exchange is challenged, those huge amounts of taxes you had intended to defer will be due with penalties and interest.
If you had a brain tumor, I'm sure you'd want the best professional you could find. Think of tax planning the same way. After all, it is your hard earned money at risk.
Stay tuned for the launch of my "Interviews with the Professionals" series. You'll hear the right questions to ask to make your strategy a success.
Paula Straub
http://www.savegainstax.com
askpaula@savegainstax.com
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