James E. Duffy

Did You Know That When You Sell In An Installment Sale If A Buyer Assumes Debt On A Property That You May Have Taxable Gain Even Though You Don't Receive Cash?

Did You Know That It Is Almost Always Better To Hold Business Real Estate In A Partnership Than In A Corporation – Even An S Corporation?

Did You Know That You Can Dramatically Increase Your Depreciation Deductions By Conducting A Cost Segregation Study On Your Real Estate?

Did You Know That By Distributing A TIC Prior To A Sale Of Real Estate By An LLC Some Partners Can Make A Like- Kind Exchange While Others Cash Out?

Did You Know That You Can Buy Replacement Property Before Selling Your Existing Property And Still Qualify For A Nontaxable Like-Kind Exchange?

Did You Know That If The Rate Of Deferred Interest (PIK Interest) On A Loan Is Too High That The Interest May Not Be Deductible?

Did You Know That You Can Deduct The Cost Of The Roof That You Replace On Your Investment Property?

Did You Know That If You Subdivide Land You Own Into Parcels For Sale You Risk Converting Capital Gain Into Ordinary Income?

Did You Know That A Recent Minnesota Tax Court Case Might Impact How Your Business Income Is Allocated To Minnesota?

Did You Know That You Might Be Able To Convert Your S Corporation Into A Section 1202 Corporation To Get Tax-Free Treatment On The Gain?