Tax Defered Exchanges – Benefit or costly mistake?
By Tim Binder So-called 1031 exchanges are mainstays of professional real estate investors. Named after Internal Revenue Code Section 1031, a properly structured exchange allows an investor to exchange property held in a trade or business or for investment purposes for other like kind property. In general, the taxable gain on the transaction is deferred [...]
How to deal with a Debt Collector
By Tim Binder I get a fair number of calls from clients and friends of clients asking how to deal with debt collectors. Two statutes primarily regulate debt collectors. The first is the federal Fair Debt Collection Practices Act, and the second is its California counterpart called the Rosenthal Fair Debt Collection Practices Act. These [...]
A Teachable Moment
By Tim Binder The recent arrest and release of a Harvard professor by a Cambridge, Mass. police officer is a textbook example of what not to do when questioned by the police. The professor, who should have known better, displayed an unusually bad attitude when speaking to the officer. His attitude was the primary reason [...]
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