A 1031 swap is where investors can defer capital gains or losses from the sale of real estate until the foreclosed property is replaced with similar property.
S Corporation or S Subchapter, also known as an S Division, is one type of legal business structure common among small businesses. A limited liability company (LLC) is different.
The Uniform Gifts to Minors Act (UGMA) provides a way to transfer financial assets to a minor without the time-consuming and costly establishment of a formal trust.
Section 1250 unrecovered income is an income tax reserve intended to recover a portion of the income associated with previously used depreciation allowances.