E-signing technology is becoming more and more prevalent, and there is no denying the convenience. Affixing your signature with a simple tap on your phone screen is a beautiful thing. After all, the alternative is to print the document, sign it, scan, and then email the scanned copy. Sometimes you have to go find witnesses, and, if notarization is required . . . well, now you really have yourself a project.
Investors that come to us early can structure their US holdings to avoid unnecessary complications, such as withholdings under the Foreign Investment in Real Property Tax Act (FIRPTA). If you did not plan ahead, then this article is for you.
Under Section 1031 of the tax code, you can sell your property and reinvest some or all of the proceeds in another property without paying taxes on the reinvested money. Here is how.
This is the third and final part of our discussion regarding the use of a 1031 Exchange to defer tax on real estate investments. Used correctly, real estate investors might even defer tax indefinitely—or at least during their lifetime.
It is quite common for people to “borrow someone’s credit” or title a property in someone else’s name, and the reasons behind it are understandable enough. The purpose of this article is to make you aware of the implications of buying a home in someone else’s name.