Podcasts about irc section

https://vimeo.com/1085112388?share=copy#t=0 https://www.currentfederaltaxdevelopments.com/podcasts/2025/5/18/2025-05-19-passthroughs-and-the-one-big-beautiful-bill This week we look at: IRC Section 7433 and the Scope of the Collection Waiver of Sovereign Immunity The Claim of Right Doctrine Applied to Business Errors IRC Section 7433: Reinforcing Collection vs. Assessment Distinction Selected issues from The One, Big, Beautiful Bill's tax provisions Proposed Changes to the Section 199A Qualified Business Income Deduction Proposed Changes Affecting Passthrough Entities and State PTE Taxes Interest Deductions and Penalties in Complex Financial Transactions

In this episode, Cary Sinnett is joined by renowned CPA and tax expert Bob Keebler to unpack the complexities of theft and casualty loss deductions under IRC Section 165. From pig butchering scams to IRA fraud and Ponzi schemes, this episode dives deep into the kinds of losses the IRS will—and won't—let you deduct, what qualifies as a profit motive, and how financial planners can guide their clients through one of the most emotionally and financially painful tax situations. Five Key Insights for CPA Financial Planners: Profit Motive Determines Deductibility To qualify under Section 165(c)(2), a theft or loss must stem from a transaction entered into for profit. Losses from romantic or emotional scams—where no profit motive exists—do not qualify. Five Scam Archetypes to Know A recent IRS CCA outlined five fraud scenarios: Compromised account scams Pig butchering (crypto fraud) Phishing and impersonation Romance scams Kidnapping/extortion schemes Only the first three had profit motives and were deductible. The IRA Trap: The Tax Hit Before the Scam If a client is duped into withdrawing funds from an IRA and then loses the money to a scam, they face a double blow—taxable income and no deductible loss. CPA advisors must flag this risk early. Documentation Is Critical for IRS Support To substantiate a theft loss, clients need: Bank records (e.g., wire transfers) Law enforcement reports A clear, detailed paper trail showing the loss and the attempt to recover funds Directing the IRS to the assigned FBI agent can strengthen the claim. Mitigation and Planning: Protecting Vulnerable Clients Encourage older or high-net-worth clients to follow a “1–2% rule” on risky investments. Foster opens dialogue with family members and advisors to prevent fraud and ensure support if it occurs. Access resources related to this podcast: Note: If you're using a podcast app that does not hyperlink to the resources, visit Libsyn (PFP) to access show notes with direct links. IRC Section 165 IRS CCA 2025-101015 (the ruling discussed) Revenue Procedure 2009-20 (Ponzi Scheme Safe Harbor) AICPA PFP Section Guiding your clients who are financial caregivers Scam Tracker Risk Report This episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program. Subscribe to the PFP Podcast channel at Libsyn to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.  

This podcast provides an overview of federal income taxation, beginning with the historical and constitutional basis, particularly the Sixteenth Amendment, which granted Congress the power to tax income without apportionment. The lecture then discusses the roles of the IRS and Treasury Department. The main sources of tax law are the Internal Revenue Code (IRC), Treasury Regulations, Revenue Rulings, Revenue Procedures, and Judicial Decisions. Beyond raising revenue, tax policy is shaped by considerations such as encouraging homeownership or environmental responsibility.Gross income, as defined in IRC Section 61, includes "all income from whatever source derived" unless specifically excluded. Common examples are wages, salaries, interest, dividends, business income, and capital gains. Illegal income, gambling winnings, and prizes are also included. The Supreme Court defines gross income as undeniable accessions to wealth, clearly realized, and over which the taxpayers have complete dominion.Exclusions from gross income include gifts, inheritances, life insurance proceeds, certain fringe benefits, and municipal bond interest. Cancellation of Debt (COD) income is usually included unless it occurs during bankruptcy or insolvency.Filing statuses include single, married filing jointly or separately, head of household, and qualifying widow(er), which affect tax brackets, standard deductions, and credit eligibility. The U.S. tax system is progressive, meaning the marginal tax rate increases as income rises.The tax system encourages or discourages behaviors through charitable deductions, mortgage interest deductions, and retirement savings incentives. Tax considerations are integral to estate planning and business transactions.A hypothetical scenario illustrates these principles with an individual who has wages, side gig income, dividends, an inheritance, and installs solar panels. The analysis involves determining filing status, calculating gross income while considering exclusions, and identifying potential tax credits.

This lecture begins by outlining the historical and constitutional roots of the federal income tax. Early in American history, the federal government used excise taxes and tariffs to raise revenue, and only in special circumstances, such as the Civil War, did it introduce temporary income taxes. The Sixteenth Amendment in 1913 dramatically shifted the legal landscape, giving Congress the authority to impose an income tax without the need for apportionment among the states. This development paved the way for modern federal income taxation, removing most constitutional barriers that had previously hindered direct taxation of individual incomes.Next, the lecture covers how the federal tax system is organized. The Internal Revenue Service (IRS) enforces tax laws and issues guidance, while the Treasury Department oversees both the IRS and broader financial policies. Various authorities define tax law: the Internal Revenue Code (IRC) enacted by Congress; Treasury Regulations that interpret and clarify the Code; official Revenue Rulings and procedures from the IRS; and judicial decisions at multiple levels, including the U.S. Tax Court, district courts, courts of appeal, and potentially the Supreme Court. Together, these sources form a complex legal framework that practitioners must navigate.Tax policy goals also factor into the system's structure. While the primary purpose of taxation is to fund government operations, Congress uses the tax code to shape economic and social behavior, encouraging homeownership via mortgage interest deductions or fostering charitable giving through donation write-offs. This means that the Code is more than just a revenue-raising tool; it's also a mechanism for incentivizing and discouraging certain activities.A significant portion of the lecture is devoted to gross income, a concept anchored by IRC Section 61. This broad definition—“all income from whatever source derived”—captures wages, business profits, interest, dividends, rents, and many other forms of economic gain. Even illegal proceeds and certain prizes count as gross income, reflecting the principle that if a taxpayer obtains a clear economic benefit, it is presumed taxable. Nevertheless, there are notable exclusions: gifts, inheritances, certain fringe benefits, and life insurance proceeds are among the items that Congress or the courts have decided should not be included in gross income. Sometimes, these exclusions further a policy objective, such as not penalizing individuals receiving gifts or not taxing life insurance benefits that mitigate financial burdens upon death.The lecture then introduces the importance of filing status: single, married filing jointly, married filing separately, head of household, and qualifying widow(er). Each status affects how taxpayers fall into brackets in the progressive tax system, where higher marginal rates apply to additional increments of income. The system aims to tax those with greater resources more heavily, though fairness and efficiency debates remain. Thus, individuals with the same gross income may pay different effective tax rates, influenced by both filing status and the presence of deductions or credits.Finally, the lecture underscores the policy rationales embedded in the tax code. Deductions for retirement contributions or energy-efficient home improvements reveal the government's intent to channel societal behaviors. Because these incentives directly affect how people earn, save, and invest, attorneys and other professionals must understand both the letter of the law and the broader purpose it serves.Overall, Lecture 1 underscores that modern federal income taxation rests on a constitutional foundation, shaped by the Sixteenth Amendment, enforced by a multi-tier system of statutes, regulations, and court rulings, and guided by deliberate policy goals. The core concept of “gross income”—and the many exceptions that reduce it—forms the building block for tax liability calculation

Every year, legislators make new regulations and changes to the tax code, and 2023 is no exception. On this episode of On the Shop Floor, Weaver's Partners-in-Charge of Manufacturing, Distribution, and Retail Services—Colby Horn and Jody Allred—sat down to talk with Weaver's Tax Services Partner, Kurtis Dixon on the latest developments and tax changes in 2023. -Big tax changes are coming in 2023 for businesses and clients-Bonus depreciation will begin to phase out in 2023, and be fully phased out in 2027 (20% reduction each year)-R&E costs will now have a five-year amortization attachedDixon detailed some of the biggest changes happening in 2023 and modifications to how companies are taxed. One of those changes is in bonus depreciation, which has allowed businesses to deduct purchases upfront. “For years it's been 100%, prior to that a mixture of 100% and 50%, so there's been a lot of change, but we've been in an environment where you spend money, you take the deduction for tax purposes. That is changing in 2023. So that 100% bonus depreciation has changed to 80% now. So, if clients didn't make some moves prior to year-end, and now they're spending money, there'll be less of that immediate tax benefit. And then in 2024 that changes to 60% and a ratchet down to 20% each year after, so bonus depreciation is a really big change,” Dixon said.Another change comes in the form of IRC Section 174 expenditures, which are deductions related to research and experimentation (R&E). Previously, clients could easily “expense it”, meaning R&E costs could be expensed without the client needing to get as much into the details of whatever may have been researched and experimented on. Not so in 2023, when clients and businesses will have to look into their R&E more closely and determine what cost can, if any, be expensed. . “Now it is a five-year amortization. So, are you able to identify those costs? Are you able to deduct some of them if they weren't classified in the past?” Dixon explained. With R&E costs now required to be amortize over a five-year period, getting these costs classified correctly is very important. Kurtis Dixon has more than 15 years of experience in public accounting and focuses on providing tax compliance, planning and consulting services to businesses and individuals. Kurtis also has experience with preparation and review of income tax provisions. He earned his bachelor's degree in accounting, master's degree in taxation and Master of Business Administration degrees all from the University of Texas at Arlington.

A review of the week's major US international tax-related news. In this edition: US Supreme Court upholds validity of IRC Section 965 mandatory repatriation tax – US Treasury Department suspends key provisions of US-Russia Tax Treaty and Protocol – IRS issues package on certain related-party partnership basis shifting transactions – OECD/G20 Inclusive Framework releases documents on BEPS Pillar One Amount B and Pillar Two.

For fast-growing companies, becoming a C corporation for income tax purposes can offer significant tax savings for their shareholders. Section 1202 of the Internal Revenue Code (IRC) is a powerful tool for attracting investors with funds to fuel a company's growth. To qualify for these tax benefits, both the company and shareholder must meet specific requirements, and non-compliance can result in missed opportunities for savings. It is crucial for businesses to have a comprehensive understanding of the qualifications and technical aspects of Section 1202 to make the most of this tax law.In this episode, Brooks Nelson, Tax Partner and Sarah McGregor, Tax Director, are joined by Barry Weins, Tax Director and Molly Gill, Transaction Tax Senior Associate. Together they discuss how qualified business stock offers a valuable opportunity to exclude capital gains from taxation, making it a powerful tool for attracting investors and fueling the growth of small to mid-sized businesses.Listen to learn more about: 02:11 – Section 1202 background04:57 – Businesses that qualify for Section 120205:47 – Beneficial transaction examples06:42 – Recurring questions regarding Section 1202 10:37 – Difficulties of collecting client information13:31 – Factors investors should consider18:02 – How to become eligible for Section 1202 20:03 – How state provisions vary Related Guidance Article: LLC vs. S Corp: Which Offers Better Tax Savings?Webinar: Maximize Tax Savings Through Cost Segregation, Section 179D, and Section 45L Approach and Client Success Stories

Marissa LoCascio is the Senior Vice President and Chief Compliance Officer at 1031 CORP, a company specializing in 1031 exchanges, which allows real estate investors to swap one investment property for another and defer capital gains taxes. Marissa is an expert in real estate investments and helps clients navigate the complexities of 1031 exchanges. Her qualifications as a paralegal and Certified Exchange Specialist (CES®) further underscore her expertise in this field. Beyond client work, Marissa regularly conducts seminars to educate real estate professionals and investors on the numerous benefits of IRC Section 1031. In this episode… Most investors work long and hard to build sizable real estate portfolios. However, there are ways to shortcut the process. How can a 1031 exchange help you transform your investment strategy? A veteran in the area of 1031 exchanges, Marissa LoCascio says the strategy can be a game-changer for real estate investors, enabling them to achieve both short- and long-term investment objectives. By repeatedly employing a 1031 strategy, investors can sell properties and reinvest the proceeds in more real estate, all while deferring taxes. Marissa says this strategy paves the way for future acquisitions of more significant assets, such as a large commercial piece of real estate. Each use of this strategy brings investors closer to their ultimate goals. In today's episode of The Same Day Podcast, Yoni Schmidt joins Marissa LoCascio, Senior Vice President and Chief Compliance Officer at 1031 CORP., to discuss the intricacies of 1031 exchanges. Marissa shares her insights on how investors can leverage the 1031 strategy to achieve their investment goals, the common misconceptions regarding 1031 exchanges, and the rules and processes for executing a successful 1031 exchange.

Welcome to EO Radio Show - Your Nonprofit Legal Resource. Today's episode focuses on IRC Section 4945(g), which provides an exception for grants to individuals so that the penalty taxes for such grants won't apply. We cover the requirements for a private foundation to establish a program that makes grants to individuals, awarded on an objective and nondiscriminatory basis according to a procedure approved in advance by the IRS. The episode covers the requirements for demonstrating to the satisfaction of the IRS that the grant constitutes a scholarship or fellowship grant or the grant constitutes a prize or award, the purpose of which is to achieve a specific objective, produce a report or other similar product, or improve or enhance a literary, artistic, musical, scientific, teaching, or other similar capacity, skill, or talent of the grantee. Resources: IRS Website link for Form 8940 and Instructions for requesting pre-approval of a grant procedure. Compliance Guide for 501(c)(3) Private Foundations IRS Site on Private Foundation Grants to Individuals Private Letter Ruling 202337010 If you have suggestions for topics you would like us to discuss, please email us at eoradioshow@fbm.com. Additional episodes can be found at EORadioShowByFarella.com.  DISCLAIMER: This podcast is for general informational purposes only. It is not intended to be, nor should it be interpreted as, legal advice or opinion.

Welcome to EO Radio Show - Your Nonprofit Legal Resource. Here we are, solidly in the 2024 election year, and that means that private foundations need to refresh their understanding of election year issues for organizations that want to remain exempt under Internal Revenue Code Section 501(c)(3) and avoid the onerous private foundation excise taxes that come into play if a private foundation funds impermissible legislative lobbying. This week's episode is a refresh of EO Radio Show's episode 8, first released on July 25, 2022. For more information on these related election year issues, listeners may want to go back to episode 66, which covered the limitations in IRC Section 501(c)(3) relating to candidate campaign intervention. Episode 67 refreshed an earlier episode that focused on allowable educational and advocacy activities for public charities, including a discussion of the definition of "lobbying" and the two different rules that apply to public charity, the first of which is the subjective test of Section 501(c)(3) and the second alternative, which is the elective test for charities that make the 501(h) election. Resources: Webinar: Election Year Issues for Private Foundations and Public Charities Bolder Advocacy Article: Private Foundations May Advocate If you have suggestions for topics you would like us to discuss, please email us at eoradioshow@fbm.com.  Additional episodes can be found at EORadioShowByFarella.com.  DISCLAIMER: This podcast is for general informational purposes only. It is not intended to be, nor should it be interpreted as, legal advice or opinion.

Welcome to Legal Visionaries! In this episode, our host Mary Vandenack, a legal expert in high-end estate planning, tax strategy, asset protection planning, and business exit planning, and an inductee into the NAEPC Hall of Fame, and David Murray, Vice President of Sterling Foundation Management, LLC uncover a lesser-explored avenue in tax and income planning – tax-exempt trusts under IRC Section 664. Join us as we explore the intricacies of these trusts – what they are, how they are created, and their inner workings. Whether you are a seasoned investor or just delving into the world of tax planning, this episode offers valuable information and practical examples that shed light on a tax and income planning option that might not be on everyone's radar.This is another Hurrdat Media Production. Hurrdat Media is a podcast network and digital media production company based in Omaha, NE. Find more podcasts on the Hurrdat Media Network by going to HurrdatMedia.com or Hurrdat Media YouTube channel!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Crypto expert Dr. Sean Stein Smith, CPA, provides numerous updates: crypto lessons and takeaways from 2023; new and pending regulations (FASB ASU, IRC Section 6045 changes); tips for staying current on crypto developments; and more. Resources:Crypto Knowledge Hub – https://njcpa.org/hub/crypto

ABOUT GREG LEHRMANNGreg Lehrmann is an attorney who has a B.B.A. with Honors in Accounting from The University of Texas and a J.D. from The University of Texas School of Law. He is a North Texas/Oklahoma Division Manager with Asset Preservation Inc. API, a subsidiary of Stewart Title Company, is a leading national IRC 1031 Qualified Intermediary and has handled over 200,000 exchanges throughout the country. Mr. Lehrmann has 39 years of experience in commercial and residential real estate law. He dedicates a significant portion of his time to speaking to attorneys, CPAs, escrow officers, real estate agents/brokers, and investors in Texas and Oklahoma on the many ways to improve investment returns through IRC Section 1031. His presentations feature many real-life exchange scenarios to illustrate a wide range of investment and tax strategies. Mr. Lehrmann and his wife have two sons: Jonathan is an attorney with Wright, Close & Barger in Houston and Gregory is an attorney with The Knight Law Group in Los Angeles.   THIS TOPIC IN A NUTSHELL:    Greg's career background and journey to real estate1031 exchange DefinedWhy it's better to defer taxesSwap till you DropWhat kind of properties qualify for 1031 exchange?3 Keywords in 1031 exchange that you need to knowLike-kind potential investments to considerIntent when buying real estateHolding period for 1031 exchangeAbout the 60-acre ranch DealProcess of selling the farm and exchange of investmentPassive income from DST shares and mineralsWhat the client is most excited about this deal3 Forms of mailbox money  Triple Net Lease propertyDelaware Statutory trust1031 Exchange Fees 1031 exchange process in a wrapWhat does Qualified & Intermediary mean?Connect with Greg  KEY QUOTE: “It's always better to pay taxes later than today because if you pay later, those dollars are gonna be cheaper. Every year you defer, you make more money.”      ABOUT THE WESTSIDE INVESTORS NETWORK   The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.     The Westside Investors Network strives to bring knowledge and education to real estate professional that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.       #RealEstateInvesting #Acquisition #Leasing #Attorney #RealEstateLaws #1031exchange #CapitalGains #Exchange #CommercialRealEstate #ResidentialRealEstate #TaxStrategies #Intermediary #Qualified #KindLikeInvestments #CapitalGainTax #MailboxMoney #DelawareStatutoryTrust #DeferredTaxes #Minerals #InvestmentReturns #DirtLawyer #AssetPreservation #BuildingWealth #CashFlow #PassiveWealth #FinancialFreedom #NewEpisode #podcasting #JointheWINpod #WestsideInvestorsNetwork CONNECT WITH GREG LEHRMANN:Email: greg@apiexchange.comWebsite: https://apiexchange.com LinkedIn: https://www.linkedin.com/in/greg-lehrmann-4031607/ Instagram: https://www.instagram.com/greglehrmann1031        CONNECT WITH US   For more information about investing with AJ and Chris:  ·    Uptown Syndication | https://www.uptownsyndication.com/  ·    LinkedIn | https://www.linkedin.com/company/71673294/admin/      For information on Portland Property Management:  ·    Uptown Properties | http://www.uptownpm.com  ·    Youtube | @UptownProperties      Westside Investors Network  ·    Website | https://www.westsideinvestorsnetwork.com/  ·    Twitter | https://twitter.com/WIN_pdx  ·    Instagram | @westsideinvestorsnetwork  ·    LinkedIn | https://www.linkedin.com/groups/13949165/  ·    Facebook | @WestsideInvestorsNetwork  ·    Youtube | @WestsideInvestorsNetwork  

IRC Sections 1202 and 1045 are becoming more popular in recent years due to the tax favorability and private investing being more attractive overall. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, interviews experts Caleb Powers and William Beckett to refresh us on what this is all about. They discuss: What are the criteria to qualify? How do you receive IRC Section 1202 treatment? What happens if you don't hold the QSBS for 5 years? How does IRC Section 1045 come into play? What should employees with 1202 stock options do? How does this apply to estate planning? For more resources related to this episode: Find Bob's decisions charts in our Proactive Planning Toolkit. This episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program. Subscribe to the PFP Podcast channel at Libsyn to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.      

IRS finally releases guidance on TCJA changes to IRC Section 174 and a late season update to K-2/K-3 FAQ

✨Welcome to the latest episode of The Show Up Dad podcast, where we're thrilled to have a very special guest with us today. Clint Hatton is an author and a coach who specializes in helping people live their lives to the fullest. He's here to talk to us about living big, bold, and brave, and we can't wait to hear what he has to say. Whether you're looking to take a leap of faith, make a major life change, or simply find the courage to be more yourself, Clint has the insights and expertise to help you get there. So sit back, relax, and get ready to be inspired as we dive into this exciting conversation. Being a Showup dad means being willing to learn and grow as a parent. It's about being open to new experiences and being willing to adapt to your child's changing needs as they grow. So, are you a Showup dad? What steps are you taking to be present and engaged in your children's lives? We want to prepare the next generation of Dads to lead their families. Will you consider partnering with us in this important work? Your tax-deductible gift of $50, $100, or $250 can empower another dad with the resources he needs to be the hero he wants to be for his children. Every donation matters and we thank you for your support. Truly, YOU are making a difference! Here are a few ways to give and remember  We are a  501(c)(3). Donors can deduct contributions they make to our foundation under IRC Section 170. We are a Public charity registered in the state of NM/CAL and your donations are tax-deductible.  https://anchor.fm/david-mendonca/support   Listener support  https://www.buymeacoffee.com/theshowupdg https://paypal.me/theshowupdad?locale.x=en_US --- Support this podcast: https://podcasters.spotify.com/pod/show/david-mendonca/support

One of the provisions of the Tax Cuts and Jobs Act of 2017 (TCJA) that had a major impact on businesses was Section 174: Amortization of Research & Experimental Expenditures (IRC Section 174). The Internal Revenue Service (IRS) recently released Rev. Proc. 2023-11 in December 2022 to update the IRC Section 174 guidelines.Martin Karamon, Tax Credits Incentives & Advisory Practice Leader, joins this edition of the Tax Beat podcast with Brooks Nelson, Partner and Strategic Tax Leader, and Sarah McGregor, Tax Director, to share his insights on Section 174.Listen in to this episode as the TCIA team discusses: 2:30 – Section 174 Costs3:50 – History on Section 1746:13 – Impact of Section 17411:42 – New Revenue Procedure Relevant Guidance:R&D Tax Credits: 2022 Year in ReviewPlanning for Capitalization of Research and Experimentation (R&E) Costs

One of the beautiful things about investing in real estate is its tax benefits. And the 1031 exchange is a common strategy we use to avoid paying capital gains.But most of us haven't studied IRC Section 1031 enough to know ALL the ways we can use the tax code to reinvest our real estate profits—rather than handing them over to Uncle Sam.Dave Foster is the 1031 exchange expert, qualified intermediary and tax strategist behind The 1031 Investor, a platform that helps investors build and preserve real estate wealth.Dave has supported thousands of investors in achieving financial freedom by maximizing their reinvestment opportunities.On this episode of Financial Freedom with Real Estate Investing, Dave joins Garrett to discuss the rules for doing a 1031 exchange in a syndication and describe what to look for in a qualified intermediary or QI.Dave shares his top strategies for buying time in a like-kind exchange and walks us through the tax benefits of converting an investment property into your primary residence.Listen in to understand the common mistakes investors make in a 1031 exchange and learn how to make the most of the tax code and accelerate your path to financial freedom with real estate!For full episode show notes visit: https://themichaelblank.com/podcasts/session344/

All marriages — even the really good ones — need mending. The routine of jobs, kids, chores, and other commitments can overshadow romance and passion with any husband and wife. As a result, couples can feel disillusioned, or even alone. That is why we have created this Marriage series . A platform For Husbands and wives to come on and share what they do to be successful. Today our special guests are Rickey and his wife Priscilla Hayes. They have been married for 6 years. Together they have adopted 2 girls and also take the time to foster kids thru DCFS. In this Episode we discuss:

Our special Guest is Joseph Warren, Joseph grew up on Welfare and government cheese. He started his first 7-figure business at age 19 and wasted away his 20's trying to find happiness through money, success and pleasure. HE MADE MILLIONS but then lost it all and considered taking his own life.…Today, having triumphed through multiple failed businesses and broken relationships, Joseph is Founder and Elite Men's Coach at BlowUpRocks.com. Joseph married his dream girl Falon in 2019 and loves being an epic father to his daughter, Alora, and son, Asher. In his spare time, he hosts Your FIRST 100K, a Top 100 Podcast in Entrepreneurship! How to Stop YELLING At Your Wife & Kids! (eliminate guilt & shame) IN this Episode Warren talks about his personal struggles with anger and how it effected him. -How the battle is in the mind and how men are being crushed by thoughts. -Lies become YOUR truth. -Broken Boys Become Angry men. -Building Walls to protect. -NOT NECESSARILY WHAT DAD SAYS, BUT WHAT DAD SHOWs. -7 STEPS TO WORK ON TO STOP YELLING AT YOUR LOVED ONES. The World needs more Strong Alpha Males NOT Passive Alpha Males.... Links to Joseph Warren Below: www.BlowUpRocks.com joseph@josephwarren.net @realjosephwarren We are on all podcast platforms and also serve the SW region 98.9 KDAZ conservative talk radio with over 700,000 listeners.

Our Special Guests today are a Father and Daughter Tandem. Gene Rice and Courtney Bejgrowicz authors of the critically acclaimed book "Grad to Grownup"68 tips to Excel in your Personal Life and Professional Life. Gene is a leading executive recruiter, cofounder and chairman of Rice Cohen International, keynote speaker, and executive coach. Rice was recognized by recruiter.com as one of the hundred most influential people in the history of recruiting and has helped thousands of people capture their dream jobs. He is also co-founder of the Plant a Seed Inspire a Dream Foundation, which helps children pursue their passions. Courtney is a high school English teacher who uses her passion for literature and desire to inspire others to inform her work. She enjoys mentoring teachers and helping her students find their inner voices. Together they will be discussing Everything your kids don't learn in school but will need to know to launch their personal and professional life. Grad to Grown-Up: 68 Tips to Excel in Your Personal and Professional Life is a unique self-help book that offers a roadmap to kickstart your future. You can Purchase this awesome book on Amazon. In this Episode we discuss how today 37% of Adult children live at home with their parents and have no direction for their life. We talk about Leaving and recognizing toxic environments. Helping your kids find their Purpose and passion. Dealing with technology. Listening to listen and Listen to learn. Can't have professional success, without personal success. How to identify the baggage you don't want to pass on. We are on all podcast platforms and also serve the SW region 98.9 KDAZ conservative talk radio with over 700,000 listeners.

Today my wife and I are hosting Codey and Katey Sandoval. Codey has been on our show before on the Lineman Chronicles vol 18. He is a husband, father, friend, and a journeyman lineman. He has been in the trade for about 20 years. Today he is joined by his wife Katey in which they have been married for over 15 years and have 3 beautiful children. Katie has been a stay at home mom for 13 years. Besides her role as a wife & mom, she enjoys travel, fitness, leading women's Bible study, teaching dance & reviewing beauty & home fragrance on YouTube & Instagram. In this episode we are going to discuss what we believe makes for a healthy marriage. Topics covered communication - listening is key Empathy Grace Trust is earned in drops and lost in buckets. Trust and forgiveness are not the same. You can always replace trust with a whole lot of honest communication if you have a safe environment. Make safety and honesty your aim, trust will come. We are on all podcast platforms and also serve the SW region 98.9 KDAZ conservative talk radio with over 700,000 listeners.

Our special Guest is Dave Domzalski, Dave is husband, and father of two. He hosts the Dad Devotionals podcast, where he encourages men to put on Christ and provides practical advice to live out your God-given purpose. Dave is also an entrepreneur and writer, and founder of RunTheMoney.com that helps families fuel there financial future by starting family-owned businesses, growing their career, and leaving a legacy of giving back. In this Episode we discuss how to be the men God called us to be and how to be role models for our children. As Christian men, we are called to be leaders in the home and we talk about the best ways we can support our wives and children. Topics include raising kids in the faith, fulfilling your duty as a father, and how to be the priests of our little home churches. -Fasting and its benefits -What deposits are you giving to your kids. -Victim Mentality. A solid spin on religion and what it is not. We are on all podcast platforms and also serve the SW region 98.9 KDAZ conservative talk radio with over 700,000 listeners.

First and foremost I want to thank the Men and Women who paid the Ultimate Sacrifice for this Great Nation. On this Episode we celebrate Tony Sabio, a veteran Hospital Corpsman of the U.S. Marine Corps Special Operations, Sabio also served this great country in the U.S. Secret Service and the Central Intelligence Agency. After extensive experience in conflict areas in those capacities, Sabio now serves as an independent consultant and philanthropist, sharing his expertise in international security matters and working to help others in need. Sabio pulled off an astounding and dangerous solo mission to rescue a boy from war-torn Ukraine, shortly after the Russian invasion. Fifteen-year-old Ukrainian-American Timur McAlicher was living in Kyiv, Ukraine with his mother, while his father lived in the United States. McAlicher's parents wanted their son to leave Ukraine for the U.S. after the invasion, but were having difficulty arranging for him to leave the country. “Tony had to really think on his feet. He had already been 27 hours without sleep at that point, and still moving, and he was right in the middle of the conflict. He Opens up about having to “Make those sharp decisions and his key mindset, and really, his dedication to that mission, got him thru it. “As a father, he could understand, as with all parents, what if that was our kid? “What would we want someone else to do to help our kid?… “Tony persevered directly through that, no sleep, air raids constantly…. “And he's moving through this, rescuing a child.” Join uson this Episode as We celebrate Heroes like Tony Sabio. We are on all podcast platforms and also serve the SW region 98.9 KDAZ conservative talk radio with over 700,000 listeners.

Todays Guest is Miguel Rodriguez, he has been married for 10 years, and they have 3 children, a boy and 2 girls. He is a first generation lineman, first generation college graduate, and first generation dad to his son. He has been in line work 6 years and is currently a Foreman in the North East. He finished a college degree in organization management while completing his apprenticeship. Before that he spent a (6.5 years) in the behavioral health field where he learned how to diffuse hostile confrontations verbally. Miguel is also a Marine Corp veteran with multiple deployments to Iraq, were he learned how to diffuse hostile confrontations physically, which was completely different than the time in the behavioral health field. Join us as Miguel discusses: -His childhood and how he had to adopt a survival mentality at a very young age which was later honed in the Marine Corp. -How he wishes there was something more beneficial for veterans transitioning from the front lines back to civilian life. - And how linework gave him a second chance for him to provide for his family. This was an amazing episode as we discuss how so many vets have lost hope in there return from combat deployments. Miguel discusses how he asked a liaison how he was going to be able to come home after being a warrior for so long and how the Marine responded with the words," I don't know'. Linework has given so many of us who needed a second chance the ability to be able to provide a good life for our families. This is an episode of second chances and overcoming obstacles to provide a 'Helluva Life'. Thank you to all the veterans who continue to protect us

It is Harder to Lead a Family, than to Rule a nation. Todays Guest is Codey Gandy, Codey Gandy is a former U.S. Marine, and currently a leadership instructor, speaker, strategic advisor for Echelon Front. Codey spent just over 5 years working as a ground combat leader for various units in the Marine Corps. He has been married for 6 years and with his wife  they have a 2 sons ages 4 and 3,  a 2 year old girl, and are expecting there 4th child on May 11th.

For this discussion on motor fuels taxation issues, Beyond the Numbers sits with two of Weaver's industry leaders, Emilda Santiesteban and Leanne Sobel, J.D., both Directors of Motor Fuels and Excise Tax Services. They join host, Tyler Kern, to explore motor fuel taxation dynamics and offer their insights on a constitutional challenge to the federal oil spill liability tax.Sobel discusses the four main areas taxed under the oil spill liability tax, which levies a barrel tax on oil and petroleum products. These taxes get placed on both crude oil and petroleum products imported into the United States. Domestic crude oil received at a refinery also gets taxed, and lastly, there is a provision in the statute to impose the oil spill tax on crude oil exported from the United States if previously untaxed.On March 24, 2022, the Fifth Circuit Court of Appeals found the federal oil spill tax under IRC Section 4611(b) unconstitutional when imposed on exports of crude oil from the United States; a ruling that will require the government to refund $4.5 million of previously collected oil spill excise tax. The ruling indicates taxes levied on crude oil exports were unconstitutional under the U.S. constitution's export clause. Sobel and Santiesteban explain that prior to 2016 strict controls existed on oil exports from the United States. However, export restrictions were lifted after 2016 which led to an uptick in export taxes on crude oil. The constitutionality of these taxes has come into question, and the courts ultimately agreed with an earlier decision that found export fees to be unconstitutional.The United States has not filed an appeal to the Supreme Court in this matter. “With regards to taxpayers and industry participants, it is time to consider how to proceed if the case stands. What does that mean for tax they have already paid into the treasury for exports of crude oil?” Sobel said.

Last week I did an emergency podcast to make sure everyone is aware of an upcoming change related to the whole life policies we use inside of Wealth Formula Banking. It all revolves around recent changes made to IRC Section 7702, with is the IRS code that dictates how life insurance policies are taxed. Since […] The post HNW Charitable Strategies that are PROFITABLE appeared first on Wealth Formula.

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and George Barlow, CPA, discuss how developers who use federal historic tax credit (HTC) equity in their transactions should address potential legislative changes in the HTC. They look at how this is similar to the period of uncertainty about IRC Section 50(d) income, how effective dates come into play and what to specifically address in negotiations for current or future transactions.

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and George Barlow, CPA, discuss how developers who use federal historic tax credit (HTC) equity in their transactions should address potential legislative changes in the HTC. They look at how this is similar to the period of uncertainty about IRC Section 50(d) income, how effective dates come into play and what to specifically address in negotiations for current or future transactions.

In the newest episode of the Edible Bites video webinar series, McGuireWoods' Kate Hardey and Royce DuBiner had Kevin Michaelan, a senior manager at CohnReznick, drop in to dispel long-held assumptions of cannabis businesses and outline steps to mitigate 280E risk. This is not 280E as you think you learned it. Tune in to their discussion clearing the funky clouds of misinformation surrounding Internal Revenue Code Section 280E and how it applies to the cannabis industry.TopicsCase lawHypothetical examplesCode Section 471(c)Tax compliance considerationsFood for though

An overview of ACTEC's recommendations to revise IRC Section 6166, which hasn't been updated in 40 years. The American College of Trust and Estate Counsel, ACTEC, is a professional society of peer-elected trust and estate lawyers in the United States and around the globe. This series offers professionals best practice advice, insights and commentary on subjects that affect the profession and clients. Learn more in this podcast.

One of the potential tax changes widely discussed is the replacement of the IRC Section 1014 basis adjustment with gain realization at gift, death, and certain other transfers.  In this episode of the PFP Section podcast, Bob Keebler and Marty Shenkman share the impact this could have on clients, including: The difference between funding trusts on a fractional share basis versus a specific amount Gains that could be triggered right now for clients who have passed away and how to avoid Why it may be important to fund trusts quickly after death going forward Access resources related to this podcast: Note: If you're using a podcast app that does not hyperlink to the resources, visit http://pfplanning.libsyn.com/ to access show notes with direct links.  Get up to speed with all the latest proposals and how they may impact your clients with the audio learning in the Proactive Planning Toolkit, exclusive to PFP/PFS members. This episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program. Subscribe to the PFP Podcast channel at Libsyn to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.

  On this episode of Rules of the Game, we're going to talk about money. Because at this point you already know that 501(c)(3) public charities and 501(c)(4) social welfare organizations are allowed to lobby and pursue robust advocacy agendas, but how can they secure funding to make their short and long-term advocacy goals a reality? Stick with us for the next few minutes, and we'll have the answers you are looking for.    Our hosts for this episode:  Natalie Ossenfort   Jen Powis    MISCONCEPTION #1: Foundations are not allowed to fund lobbying - REALITY: Both public and private foundations can fund grantees that lobby  COMMUNITY FOUNDATIONS  Just another type of public charity  Allowed to engage in lobbying and directly fund grantee lobbying activities  Lobbying grants will count against lobbying limit of foundation and public charity grantee  PRIVATE FOUNDATIONS  Rules for private foundations are a bit more restrictive than those for public charities / community foundations  Not allowed to engage in lobbying and effectively prohibited from earmarking grants for lobbying purposes (if they do these activities, the foundation and managers are subject to a prohibitive excise tax)  This does not mean that private foundations can't fund grantees that lobby:  General support grants are not earmarked for any particular purpose, so a grantee could choose to use those funds for lobbying without exposing their private foundation funder to an excise tax   Specific project grants are another option. So long as the grantee's project budget clearly delineates between lobbying and non-lobbying expenses, the private foundation can fund up to the non-lobbying portion of the grant request without earmarking funds for lobbying / exposing itself to an excise tax.   Grantees can go to multiple PF's, each can give up to the non-lobbying portion of the grant request.  GENERAL  Both private and public foundations must prohibit their funds from being used for partisan political purposes / support or opposition of candidates  Grantees should carefully check the language of their grant agreements to see if lobbying is prohibited. Language that says that the funds are “not earmarked for lobbying” is not the same as language that says that lobbying is prohibited.  EXAMPLES that sound restrictive, but actually permit lobbying:   “Lobbying and Non-Permitted Uses: This grant is not in any way earmarked to support or carry on any lobbying or voter registration activity. Grantee warrants that none of these funds will be used to influence legislation unless permitted by law.”  “This grant is not earmarked for influencing legislation within the meaning of IRC Section 4945(e), and the foundation and Grantee have made no agreement, oral or written, to that effect.”    MISCONCEPTION #2: Foundations can't fund public charity voter registration drives  Both private and public foundations can fund the NONPARTISAN voter registration activities of public charities, but the rules for private foundations can be a bit complicated...  VR Drive must be nonpartisan, over multiple election cycles, in five or more states and cannot be subject to conditions requiring use of the funding in a specific state or election cycle.  There are also requirements related to the grantee's finances (e.g. at least 85% of organization's income must be spent on activities relating to the purposes for which it was organized)  Public charities can receive an advanced ruling from IRS certifying their ability to receive private foundation voter registration grants (confirms that organization meets the requirements of sec. 4945(f) of tax code)    MISCONCEPTION #3: Foundations are not allowed to fund 501(c)(4)s. REALITY: Both private and public foundations can fund 501(c)(4)s.... if they know the rules  COMMUNITY FOUNDATIONS  Can fund any work conducted by 501(c)(4) that the community foundation itself would be allowed to engage in (e.g. lobbying, but NOT partisan political activity)  IRS presumes that grant to 501(c)(4) is for lobbying   needs to count against public foundation's grassroots lobbying limit (unless grant was expressly made for direct lobbying purposes and foundation can show that funds were spent on direct lobbying)  Grant will not be counted as a lobbying expense if it is a controlled grant expressly given for non-lobbying purposes (prohibits lobbying with grant funds)  PRIVATE FOUNDATIONS  Must use “expenditure responsibility” when making grants to organizations that are not 501(c)(3)s  Must conduct a pre-grant inquiry and execute a written grant agreement. The foundation must ensure that funds are spent only for the purposes expressly agreed upon.  Must obtain detailed reports from grantee about how funds are spent  Must provide complete report of expenditures to IRS on annual 990-PF  Must prohibit partisan political activities AND lobbying. Because of this, it's often easier for 501(c)(4)s to raise lobbying funds from individuals and community foundations.      Resources  Foundation Advocacy Grants: What Grantees Need to Know  Investing in Change: A Funder's Guide to Supporting Advocacy 

Greg has over 25 years experience in commercial and residential real estate law. He dedicates a significant portion of his time speaking to attorneys, CPAs, escrow officers, real estate agents/ brokers and investors on the many ways to improve investment returns through IRC Section 1031. His exchange presentations are practical and feature many real-life exchange scenarios to illustrate a wide range of investment and tax strategies. On this episode, Greg breaks down the 1031 exchange as it pertains to selling land. He and Kasey present a scenario to walk through each step in the process of creating the best possible investment returns through Section 1031. Enjoy! (0:36) - What is a 1031 Qualified Intermediary? (2:42) - The 1031 Exchange (5:53) - Market Capitalism (6:48) - Scenario: What a 1031 Exchange is and what it does (18:23) - applications to primary residences (19:46) - The importance of timelines (25:20) - Negative surprises on money you reinvest  (26:12) - Having a great broker team for Land Rich and Cash Poor folks (29:26) - What point is the seller taxed on the gain from our scenario? (32:48) - What landowners should know about the new administration’s tax plan www.1031taxreform.com/takeaction (35:08) - Conservation Easements  (40:18) - What does a qualified intermediary do? (44:59) - Wrap up (46:56) - Where to learn more about 1031 Exchanges and connect with Greg Greg's Contact: (866) 266-1031 Greg@apiexchange.com www.apiexchange.com Land Broker Insider is produced by Straight Up Podcasts

What is a 1031 tax exchange?: According to the Internal Revenue Service, whenever you sell business or investment real estate property and you have a gain, you generally have to pay tax on the gain at the time of sale. IRC Section 1031 provides an exception and allows you to postpone paying tax on the gain if you reinvest the proceeds in similar property as part of a qualifying like-kind exchange. Gain deferred in a like-kind exchange under IRC Section 1031 is tax-deferred, but it is not tax-free. The exchange can include like-kind property exclusively or it can include like-kind property along with cash, liabilities and property that are not like-kind. Both properties must be similar enough to qualify as "like-kind." Like-kind property is property of the same nature, character or class. Quality or grade does not matter. Most real estate will be like-kind to other real estate. Many large real estate residential property owners buy and sell large portfolios of units don't paying any taxes on the gain and wind up merging portfolios and defering taxes indefinitely. So, do you think this tax law will ever be eliminated? Probably not. Reasons: This probably will never will be done for two basic reasons: (1) hedge funds and other large multi-family and single-family ownership interests pay alot of money to both Democrat and Republican politicians' campaigns, and (2) these same groups have heavy lobbying efforts to put pressure on Congress to continue the tax deferment incentive to "avoid de-stabilization of rental housing in the US" and some other valid investment reasons. Solution: Through presidential executive order, immediately eliminate any current or immediately preceding 1031 tax exchange deferment of capital gains for those owners (with a controlling interest of at least 25%) of real estate with more than 100 units of either multi family or single family residential units....unless...within 90 days they offer 20% of their inventory and within 180 days maintain at least 90% of that offered inventory as “workforce housing” for those whose income falls at or below US median household income (not the prevailing rate of their individual market). For example, a multi-family complex of 250 apartments must open up 50 of those apartments within 90 days of law as "affordable housing" options and lease at least 45 (i.e., 90%) within 180 days of effective date of law. What may this action accomplish? (1) It will immediately open tens of thousands of residence up to those who can least afford it. (2) it will stop the games that hedge funds and large property owners have of constantly trading higher and higher priced residential units tax free through the 1031 tax exchange "loophole". (3) Tax revenue from those institutions who don't comply will fund subsidies to the affordable housing efforts in cities and states. (4) Modify the total ROI on portfolios in the short run, but over the long run, portfolio managers will compensate through streamlined property maintenance and higher rental rates for those 80% who don't qualify for affordable housing. Update (5-4-2021 - How Biden’s real estate tax plan may hit smaller property investors Update (5-4-2021 - Biden Targets $41 Billion Tax Break for Rich Real Estate Investors

Welcome to Sponsor Stories with Kay Properties — An in-depth look at over 25 Delaware Statutory Trust (DST) Sponsor Companies that investors have access to on the kpi1031.com marketplace. The kpi1031.com marketplace platform not only provides access to these 25+ different sponsor companies, but also custom DSTs only available to Kay clients, full due diligence and vetting on each DST property on the platform (typically 20-40 DSTs), and a DST secondary market. Kay Properties team members collectively have over 115 years of real estate experience, are licensed in all 50 states, and have participated in over 15 Billion of DST 1031 investments.    In this episode, you will be hearing from our Senior Vice President and Managing Director of Real Estate Analytics, Jason Salmon. He interviews John Wagner of Cove Capital about their due diligence process in acquiring a property, their debt free DST program, and shares a little bit about Cove Capital’s potential exit strategy.    Key Takeaways: [2:50] Customer risk and disclosures. [4:35] A little bit about Kay Properties. [5:55] John shares what he does at Cove Capital.  [7:55] In what asset classes and in what states does John like to focus? [11:05] John explains a bit more about Cove Capital's process of acquiring a property.  [13:25] What is John working on right now? He talks about the Cove DC MSA Medical DST.  [18:55] What is Cove Capital’s investment strategy? [21:45] John dives into Cove Capital’s potential exit strategy.  [24:30] Interested in working with Kay Properties? Reach out!    Resources Website: https://www.kpi1031.com/ Call Kay Properties at 855-899-4597 Meet the Kay Properties Team: kpi1031.com/meet-our-team   About Kay Properties and www.kpi1031.com    Kay Properties is a national Delaware Statutory Trust (DST) investment firm. The www.kpi1031.com platform provides access to the marketplace of DSTs from over 25 different sponsor companies, custom DSTs only available to Kay clients, independent advice on DST sponsor companies, full due diligence and vetting on each DST (typically 20-40 DSTs) and a DST secondary market.  Kay Properties team members collectively have over 115 years of real estate experience, are licensed in all 50 states, and have participated in over 15 Billion of DST 1031 investments.       This material does not constitute an offer to sell nor a solicitation of an offer to buy any security. Such offers can be made only by the confidential Private Placement Memorandum (the “Memorandum”). Please read the entire Memorandum paying special attention to the risk section prior to investing.  IRC Section 1031, IRC Section 1033 and IRC Section 721 are complex tax codes therefore you should consult your tax or legal professional for details regarding your situation.  There are material risks associated with investing in real estate securities including illiquidity, vacancies, general market conditions and competition, lack of operating history, interest rate risks, general risks of owning/operating commercial and multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks and long hold periods. There is a risk of loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, potential returns and potential appreciation are not guaranteed. Securities offered through Growth Capital Services member FINRA, SIPC Office of Supervisory Jurisdiction located at 582 Market Street, Suite 300, San Francisco, CA 94104.

Are you familiar with 280E for your dispensary business? In this episode, Tony Frischknecht goes into a deep dive on how Section 280E affects your cannabis business and a different method of accounting to work around 280E. The way the taxes are set up for a cannabis business doesn’t allow you to grow your business. Tony shares some firsthand knowledge that can help you mitigate the impact of 280E and scale your dispensary. Through the Tax Cuts and Jobs Act, learn how IRC Section 471(c) can help reduce the taxes on your business. Tune in and get to know how you can apply this workaround to your business and keep the revenue you worked hard for.Love the show? Subscribe, rate, review, and share!Here’s How »Join the Plant Problems Community today:blackmarketbook.comLinkedInInstagramFacebookYouTube

Welcome to Sponsor Stories with Kay Properties — An in depth look at over 25 Delaware Statutory Trust (DST) Sponsor Companies that investors have access to on the kpi1031.com marketplace. The kpi1031.com platform not only provides access to these 25+ different sponsor companies, but also custom DSTs only available to Kay clients, full due diligence and vetting on each DST property on the platform (typically 20-40 DSTs), and an active DST secondary market. Kay Properties team members collectively have over 115 years of real estate experience, are licensed in all 50 states, and have participated in over 15 Billion of DST 1031 investments.    Today, you will be hearing from our Senior Vice President and the Managing Director of Real Estate Analytics, Jason Salmon as he interviews Andy Wang of Passco about keeping the risk minimal for his retired clientele, why new apartment complexes are his preferred investment asset class, and Passco’s extensive 20+ years of experience in the marketplace.   Key Takeaways: [3:00] Customer risk and disclosures.  [5:20] A little bit about Kay Properties. [6:40] Andy gives a brief overview of what a 1031 exchange is and how a DST fits into that.  [9:45] Passco is a DST sponsor. What does it mean to be a DST sponsor and how does it work?  [11:05] What has Andy’s experience been with Kay Properties?  [13:00] A lot of Passco’s clients have done 1031 exchanges themselves and are faced with a huge tax bill.  [14:00] Andy likes to focus on new apartment complexes because it means the risk of repairs and unexpected problems is minimal.  [15:00] What sets Passco apart from other DST sponsor companies?  [18:00] The client needs to know what’s going on and Passco prioritize communication and transparency with their clients.  [20:25] How many potential deals/offers does Andy and his team look through before they make an offer?  [25:05] Interested in working with Kay Properties? Feel free to reach out!   Resources Website: https://www.kpi1031.com/ Call Kay Properties at: 855-899-4597 Meet the Kay Properties Team: kpi1031.com/meet-our-team   About Kay Properties and www.kpi1031.com    Kay Properties is a national Delaware Statutory Trust (DST) investment firm. The www.kpi1031.com platform provides access to the marketplace of DSTs from over 25 different sponsor companies, custom DSTs only available to Kay clients, independent advice on DST sponsor companies, full due diligence and vetting on each DST (typically 20-40 DSTs) and a DST secondary market.  Kay Properties team members collectively have over 115 years of real estate experience, are licensed in all 50 states, and have participated in over 15 Billion of DST 1031 investments.       This material does not constitute an offer to sell nor a solicitation of an offer to buy any security. Such offers can be made only by the confidential Private Placement Memorandum (the “Memorandum”). Please read the entire Memorandum paying special attention to the risk section prior investing.  IRC Section 1031, IRC Section 1033 and IRC Section 721 are complex tax codes therefore you should consult your tax or legal professional for details regarding your situation.  There are material risks associated with investing in real estate securities including illiquidity, vacancies, general market conditions and competition, lack of operating history, interest rate risks, general risks of owning/operating commercial and multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks and long hold periods. There is a risk of loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, potential returns and potential appreciation are not guaranteed.     Securities offered through WealthForge Securities, LLC. Member FINRA/SIPC. Kay Properties and Investments, LLC and WealthForge Securities, LLC are separate entities.

Welcome to Sponsor Stories with Kay Properties - An in depth look at over 25 Delaware Statutory Trust (DST) Sponsor Companies that investors have access to on the kpi1031.com marketplace. The kpi1031.com platform not only provides access to these 25+ different sponsor companies, but also custom DSTs only available to Kay clients, full due diligence and vetting on each DST property on the platform (typically 20-40 DSTs), and an active DST secondary market. Kay Properties team members collectively have over 115 years of real estate experience, are licensed in all 50 states, and have participated in over 15 Billion of DST 1031 investments.    Today, you will be hearing from our Senior Vice President, Betty Friant as she interviews Paul Van of Croatan Investments about the preferred geographical locations in his investment portfolio and what types of asset classes he likes to invest in.   Key Takeaways: [2:55] Risks and disclosures of investing in real estate, 1031 exchange properties and DST investments [5:25] A little bit about Kay Properties. [7:35] Paul explains what a 1031 exchange is and a DST.  [10:05] Croatan Investments is a DST sponsor firm. Paul explains how, and why, they became a sponsor. [14:25] Paul’s investment sweet spot is middle-income workforce housing or Class B to A- housing. [16:55] What does a typical property look like for Paul and his portfolio?  [18:45] Paul shares the states and cities he really likes investing in. He likes Washington, DC; Richmond, Virginia; and Raleigh, North Carolina; just to name a few. [22:15] Paul prefers to use third-party managers to manage their properties because it brings their focus back on finding high-quality investment properties. [24:20] Paul shares his experience with working with Kay Properties.  [27:00] Interested in working with Kay Properties or in gaining access to the www.kpi1031.com marketplace? Feel free to reach out!    Resources Website: https://www.kpi1031.com/ Call Kay Properties at: 855-899-4597 Connect with Betty Friant from Kay Properties: betty@kpi1031.com    About Kay Properties and www.kpi1031.com    Kay Properties is a national Delaware Statutory Trust (DST) investment firm. The www.kpi1031.com platform provides access to the marketplace of DSTs from over 25 different sponsor companies, custom DSTs only available to Kay clients, independent advice on DST sponsor companies, full due diligence and vetting on each DST (typically 20-40 DSTs) and a DST secondary market.  Kay Properties team members collectively have over 115 years of real estate experience, are licensed in all 50 states, and have participated in over 15 Billion of DST 1031 investments.       This material does not constitute an offer to sell nor a solicitation of an offer to buy any security. Such offers can be made only by the confidential Private Placement Memorandum (the “Memorandum”). Please read the entire Memorandum paying special attention to the risk section prior investing.  IRC Section 1031, IRC Section 1033 and IRC Section 721 are complex tax codes therefore you should consult your tax or legal professional for details regarding your situation.  There are material risks associated with investing in real estate securities including illiquidity, vacancies, general market conditions and competition, lack of operating history, interest rate risks, general risks of owning/operating commercial and multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks and long hold periods. There is a risk of loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, potential returns and potential appreciation are not guaranteed.     Securities offered through WealthForge Securities, LLC. Member FINRA/SIPC. Kay Properties and Investments, LLC and WealthForge Securities, LLC are separate entities.    

Guests:  Bob Keebler, CPA/PFS and Chris Hesse, CPA Under the CARES Act, you may be able to help your relevant business owner clients with their cash flow needs.  This can be done by generating refunds from net operating losses (NOLs). As a CPA financial planner, use your deep tax knowledge to help clients benefit from this opportunity. Learn from experts Bob Keebler, CPA/PFS, and Chris Hesse, CPA, in this PFP podcast episode as they explore: What is the excess business loss provision in IRC Section 461(l) and how does it work? How does the CARES Act impact IRC Section 461(l)? What should clients who were limited in the deductibility of their business losses in 2018 do now? What forms do you file and what are the mechanics of filing for the NOL carryback provision? What’s the number one hurdle you face to get the net operating loss filed and what are the viable alternatives to consider? Access the related resources from this podcast: Visit www.aicpa.org/sba for information on the Paycheck Protection Program. Visit www.aicpa.org/pfp/covid19 to find personal financial planning resources. Visit www.aicpa.org/covid19tax.html to find tax guidance. The episode is brought to you by the AICPA’s Personal Financial Planning Section (www.aicpa.org/pfp), the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential (www.aicpa.org/pfs) program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device.

Welcome to Sponsor Stories with Kay Properties - An in depth look at over 25 Delaware Statutory Trust (DST) Sponsor Companies that investors have access to on the kpi1031.com marketplace. The kpi1031.com platform not only provides access to these 25+ different sponsor companies, but also custom DSTs only available to Kay clients, full due diligence and vetting on each DST property on the platform (typically 20-40 DSTs), and an active DST secondary market. Kay Properties team members collectively have over 115 years of real estate experience, are licensed in all 50 states, and have participated in over 15 Billion of DST 1031 investments. Today, you will be hearing from our representative, Betty Friant, as she interviews Louis Rogers of Capital Square about the increased growth happening in the medical real estate market.    Key Takeaways: [3:10] A quick overview about Kay Properties.  [5:20] What is a DST?  [5:40] What is a section 1031 exchange? [6:30] If you exchange properties throughout your lifetime, you have the opportunity to build wealth for your generation, your kids, and your grandkids. Your heirs can sell the property and the tax is forgiven.  [7:40] What is a DST Sponsor?  [9:05] Louis shares his story on how he got started at Capital Square. [10:15] How does Louis and his team help investors with their section 1031 exchanges? [12:30] The rental market is booming and it's a trend Louis is seeing throughout the south-east US.  [14:25] Louis really likes medical real estate because no one is getting any younger and people will be needing these services in the near future.  [16:45] How does Louis choose and finds qualified properties?  [17:35] Louis searches for stability. If they lost half of their residents, they would still pay their bills.  [19:15] Louis’s strategy is extremely conservative because he wants to preserve the wealth of his investors. Boring, stable properties are good properties.  [22:50] Louis says that Kay Properties has always provided outstanding service and expertise. 110 years of experience is nothing to bark at! There hasn’t been a 1031 issue Kay Properties hasn’t been able to address. *These testimonials may not be representative of the experience of other clients. Past performance does not guarantee or indicate the likelihood of future results. These clients were not compensated for their testimonials. Please speak with your attorney and CPA before considering an investment.   [25:15] Diversification is key and Kay Properties also focuses on this as part of a good portfolio investment strategy. *Diversification does not guarantee profits or protect against losses. [27:10] It really comes down to our people and that’s what we believe makes a place like Kay Properties and Capital Square so special.  [30:00] Kay Properties is here to help hold your hand throughout the whole 1031 exchange process and to help you get connected with the right experts like Louis and his company at Capital Square on the market place.    Resources Website: https://www.kpi1031.com/ Call Kay Properties at: 855-899-4597 Connect with Betty Friant from Kay Properties: betty@kpi1031.com    About Kay Properties and www.kpi1031.com     Kay Properties is a national Delaware Statutory Trust (DST) investment firm. The www.kpi1031.com platform provides access to the marketplace of DSTs from over 25 different sponsor companies, custom DSTs only available to Kay clients, independent advice on DST sponsor companies, full due diligence and vetting on each DST (typically 20-40 DSTs) and a DST secondary market.  Kay Properties team members collectively have over 115 years of real estate experience, are licensed in all 50 states, and have participated in over 15 Billion of DST 1031 investments.       This material does not constitute an offer to sell nor a solicitation of an offer to buy any security. Such offers can be made only by the confidential Private Placement Memorandum (the “Memorandum”). Please read the entire Memorandum paying special attention to the risk section prior investing.  IRC Section 1031, IRC Section 1033 and IRC Section 721 are complex tax codes therefore you should consult your tax or legal professional for details regarding your situation.  There are material risks associated with investing in real estate securities including illiquidity, vacancies, general market conditions and competition, lack of operating history, interest rate risks, general risks of owning/operating commercial and multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks and long hold periods. There is a risk of loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, potential returns and potential appreciation are not guaranteed.     Securities offered through WealthForge Securities, LLC. Member FINRA/SIPC. Kay Properties and Investments, LLC and WealthForge Securities, LLC are separate entities.  

This Bonus Episode of the BiggerPockets Money Podcast is to help keep you informed of the Stimulus act that Congress is putting into place to help Americans with the Coronavirus and unprecedented shutdown of most of the economy.Joining Mindy today is Natalie Kolodij, who last appeared on Episode 112. Today’s episode was recorded on March 28, and we are fully expecting additional clarification and guidance from the federal government on these provisions. Congress just passed a 2.2 TRILLION dollar bill to provide relief for Americans in the face of the Coronavirus. While the bill does provide for monetary help, there’s a lot of other benefits that may not be getting the same press. OF COURSE we talk about the checks: How much, Who is eligible, When does it arrive? We also go a bit further and answer if it’s taxed, do you have to pay it back, is it a loan? If you have a 401(k), IRA or even a Roth IRA, there are additional provisions for you to consider like extended loan limits and penalty-free distributions.There are benefits for already retired people such as no RMDs this year if you haven’t already taken them.We discuss the student loan interest rate freeze and how to take advantage of their no payment option. We even touch on the additional provisions to employers such as IRC Section 139 changes that allow employers to help their employees out during this time of crisis, payroll deferment, sick leave, employee retention benefits and extended unemployment benefits. If we have our financial ducks in a row, now could be a great time to make some tax-advantaged moves.In This Episode We Cover:How to qualify stimulus checkHow much money people get on stimulus checkKey thing to keep in mind with stimulus checkCan people refuse the checkStimulus check for dependentsAre green card holders and H1B VISA holders who work and pay taxes eligible for these benefitsIRA versus 401k distributionThings to consider before converting funds from a traditional plan to a Roth planAre there any provisions for already retired peopleHow can an employer use the IRC Section 139, Disaster Relief PaymentsHow does provision work on student loansFamilies First Coronavirus Response ActEmployee Retention CreditsPayroll tax payment deferralAnd SO much more!Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsBiggerPockets Real Estate PodcastBiggerPockets Money Podcast 118BiggerPockets Money Podcast 112

Anyone who is interested or is already knee-deep in real estate investment can benefit from being familiar with IRC Section 1031. This allows investors to sell a property and reinvest proceeds to a new property while deferring all capital gain. In this episode, 1031 Exchange Expert, Dave Foster, discusses what 1031 is and how to […]

Anyone who is interested or is already knee-deep in real estate investment can benefit from being familiar with IRC Section 1031. This allows investors to sell a property and reinvest proceeds to a new property while deferring all capital gain. In this episode, 1031 Exchange Expert, Dave Foster, discusses what 1031 is and how to use it. Dave’s years of experience in real estate investment taught him tips in minimizing tax consequences, which allowed him to help other investors keep all their equity working for them and legally avoid paying taxes and other tax strategies. Dave gives a rundown of the six requirements that qualify a property for a 1031 exchange and how to understand the rules and regulations for it to be successful.

Virginia conforms to the IRC section 163(j) limitations on the deductibility of business interest expense effective for tax years beginning January 1, 2018.

Traditionally, when structuring a US lending transaction, parties would omit guarantees and collateral support from a US borrower’s foreign subsidiaries in order to avoid the adverse tax impact under Internal Revenue Code section 956. It’s that potential penalty that led to, among other things, the ubiquitous credit agreement provision that limits borrowers’ pledge of the voting stock in any first-tier controlled foreign corporation to 66%. But all that changed on 23 May, 2019, when US tax authorities issued final regulations under Section 956 that reduced or eliminated the tax imposed on a “deemed dividend” concerning controlled foreign corporations that are subsidiaries of US corporations. As a result, US borrowers and lenders can now secure their loans with foreign collateral without the risk of attendant tax consequences. While this might appear to be all rainbows and unicorns for the institutional lender community, seeking to enforce liens against and foreclose upon foreign collateral could come with exorbitant costs and expenses, thus begging the question – is the juice worth the squeeze? To help answer that question and discuss the significant impact that these final regulations could have on the US leveraged loan landscape, Stroock & Stroock & Lavan debt finance and restructuring partner Alex Cota, and tax partner Michelle Jewett, recently joined Debtwire’s Richard Goldman for the latest episode of Debtwire Radio. During the podcast, Alex and Michelle explain the new reform, its practical implications on US leveraged loans and the market’s response to date. They also offer some cautionary points that lenders and advisors should consider before incorporating the reform into future credit agreements.

Anyone in real estate must understand the great benefits the IRC Section 1031 has to offer which allows investors to sell a property and to reinvest proceeds to a new property while deferring all capital gain. Scott talks with 1031 Exchange expert, Dave Foster, on some of the ways you can use this process to help you invest in real estate and notes. Dave says anybody can do a 1031 just as long as the process and principles to using it are intricately understood. Love the show? Subscribe, rate, review, and share! Here’s How » Join the Note Closers Show community today: WeCloseNotes.com The Note Closers Show Facebook The Note Closers Show Twitter Scott Carson LinkedIn The Note Closers Show YouTube The Note Closers Show Vimeo The Note Closers Show Instagram We Close Notes Pinterest

A review of the week's major US international tax-related news. In this edition: IRS releases proposed Section 1446(f) regulations on W/H for non-publicly traded partnerships – Proposed rules on FIRPTA exception for foreign pension funds expected soon – EU comments on IRC Section 250 proposed regulations, criticizes FDII

This is part II of our conversation with Dave Foster on using the 1031 Exchange.Are you tired of paying out your hard earned real estate gain in taxes?Are taxes limiting your success as a real estate investor?There’s this under-utilized tax provision called 1031 exchanges. Just a savvy fraction of investors use it. Once you learn it and use it, you’ll see a huge difference in your buying power when you transition from one investment property to another and keep your tax dollars working for you. Thanks to IRC Section 1031, a properly structured 1031 exchange allows an investor to sell a property, to reinvest the proceeds in a new property and to defer all capital gain taxes.It’s not often employed because the restrictions and rules of rolling all of your gains into another real estate investment can be intimidating until you’ve tried it.About Dave FosterMy name is Dave Foster. I decided to get into real estate investing right after my first son was born. He was amazing and made me want to chuck my 9 to 5 job, live on a sailboat, and travel with my family.Then one day, some friends said they were starting a company to help investors just like me avoid paying capital gains taxes when building their portfolio. These “qualified intermediaries” told me about a better way of real estate investing that didn’t involve paying taxes on my profits when I transitioned from one investment to another. It’s called a 1031 exchange.You can find Dave at:info@the1031investor.comhttp://www.the1031investor.com/http://www.the1031investor.com/contact/You can find me at:https://peer2peerrealestate.com/https://www.linkedin.com/feed/Please go to Itunes, subscribe and leave a review.Keep the momentum going, Good things will happen. See acast.com/privacy for privacy and opt-out information.

A review of the week's major US international tax-related news. In this edition: US Treasury issues proposed regulations removing IRC Section 385 debt/equity documentation regulations – IRS releases draft Form 8991 on new Section 59A BEAT provision -- IRS Notice 2018-72 delays effective date of Section 871(m) dividend equivalent payments by two years – US House tax leader urges IRS to issue virtual currency guidance – OECD issues additional CbCR guidance.

Today's Guest on Peer 2 Peer Real Estate Podcast is Dave Foster, Are you tired of paying out your hard earned real estate gain in taxes?Are taxes limiting your success as a real estate investor?There’s this under-utilized tax provision called 1031 exchanges. Just a savvy fraction of investors use it. Once you learn it and use it, you’ll see a huge difference in your buying power when you transition from one investment property to another and keep your tax dollars working for you. Thanks to IRC Section 1031, a properly structured 1031 exchange allows an investor to sell a property, to reinvest the proceeds in a new property and to defer all capital gain taxes.It’s not often employed because the restrictions and rules of rolling all of your gains into another real estate investment can be intimidating until you’ve tried it.About Dave FosterMy name is Dave Foster. I decided to get into real estate investing right after my first son was born. He was amazing and made me want to chuck my 9 to 5 job, live on a sailboat, and travel with my family.Then one day, some friends said they were starting a company to help investors just like me avoid paying capital gains taxes when building their portfolio. These “qualified intermediaries” told me about a better way of real estate investing that didn’t involve paying taxes on my profits when I transitioned from one investment to another. It’s called a 1031 exchange.On Today's Show Dave Talks AboutDave's start in Real EstateWhat is a 1031 exchangeRequirements for using a 1031How to delay paying your taxesAnd much more...............Dave's recommended readingThe BibleWhatever happened to penny candy - Richard MayburyThe clipper ship strategy- Richard Maybury You can find Dave at:info@the1031investor.comhttp://www.the1031investor.com/http://www.the1031investor.com/contact/You can find me at:https://peer2peerrealestate.com/https://www.linkedin.com/feed/Please go to Itunes find us at Peer 2 Peer Real Estate Podcast, Subscribe and leave a review.Keep the momentum going, Good things will happen. See acast.com/privacy for privacy and opt-out information.

Bloomberg Tax's Meg Hogan and John Bentil discuss the new IRC Section 250 deduction for foreign-derived intangible income. Jumpstart is a new podcast series from the Bloomberg Tax editorial team that explains tax law changes made by the 2017 tax reform act.

When certain requirements are met, IRC Section 1202 provides a meaningful exclusion for the gains made on certain small business stock. Our Tax Cuts and Jobs Act (TCJA) series concludes as guest Rick Klahsen breaks down the exclusion with host Damien Martin and discusses what it means after tax reform. Here’s what they cover: What’s Section 1202? @ 1:44 Why are there areas of uncertainty? @ 5:40 What’s a qualified small business for Section 1202 purposes? @ 9:53 How can you determine if a company meets the $50 million asset threshold? @ 11:25 Can the gain exclusion ever exceed $10 million? @ 13:48 Why is Section 1202 more complex than it appears? @ 14:54 What are some common areas of misunderstanding? @ 19:08 Why there’s been so much discussion around choice of entity after tax reform and how Section 1202 might increase interest in this discussion @ 21:38 What has factored into the historic popularity of Section 1202? @ 27:44 Has there been more interest in Section 1202 after tax reform? @ 30:58 Is Section 1202 for you? @ 33:55 BIO FOR GUEST Rick Klahsen has more than 25 years of experience advising clients in various industries, including several investor-owned public utilities, food manufacturers and distributors, automobile original equipment manufacturers and telecommunications service providers. He also has significant experience with federal tax due diligence and matters related to structuring transactions. He serves as regional tax director of BKD’s South Region and tax director of BKD’s Dallas-Waco practice unit. Connect with Rick on LinkedIn

When certain requirements are met, IRC Section 1202 provides a meaningful exclusion for the gains made on certain small business stock. Our Tax Cuts and Jobs Act (TCJA) series concludes as guest Rick Klahsen breaks down the exclusion with host Damien Martin and discusses what it means after tax reform. Here's what they cover: What's Section 1202? @ 1:44 Why are there areas of uncertainty? @ 5:40 What's a qualified small business for Section 1202 purposes? @ 9:53 How can you determine if a company meets the $50 million asset threshold? @ 11:25 Can the gain exclusion ever exceed $10 million? @ 13:48 Why is Section 1202 more complex than it appears? @ 14:54 What are some common areas of misunderstanding? @ 19:08 Why there's been so much discussion around choice of entity after tax reform and how Section 1202 might increase interest in this discussion @ 21:38 What has factored into the historic popularity of Section 1202? @ 27:44 Has there been more interest in Section 1202 after tax reform? @ 30:58 Is Section 1202 for you? @ 33:55 BIO FOR GUEST Rick Klahsen has more than 25 years of experience advising clients in various industries, including several investor-owned public utilities, food manufacturers and distributors, automobile original equipment manufacturers and telecommunications service providers. He also has significant experience with federal tax due diligence and matters related to structuring transactions. He serves as regional tax director of BKD's South Region and tax director of BKD's Dallas-Waco practice unit. Connect with Rick on LinkedIn

A review of the week's major US international tax-related news. In this edition: Obama Administration issues final and temporary debt/equity regulations under IRC Section 385 – OECD held public consultations on two discussion drafts: Additional Guidance on Profit Attribution to PEs and Revised Guidance on Profit Splits.

A review of the week's major US international tax-related news. In this edition: US Treasury and IRS issued 2016-2017 Priority Guidance plan – IRC Section 5000(c) final regulations released on 2-percent excise tax on US government payments to foreign persons -- Treasury official confirms Administration can address unintended consequences in Proposed Section 385 debt/equity regulations.

Weekly show 6 dealing with employee business expenses and reimbursable plans per IRC Section 62(c). You should download the "handout" in addition to listening to the podcast itself. The presentation deals with the requirements that must be met for reimbursement of an employee's expenses to be excluded from the employee's income. This version of the file is the same as the prior one, except the audio has been amplified.

The self-employed health insurance deduction under IRC Section 162(l) is covered by this podcast. Information for the podcast is found at http://www.edzollars.com/SelfEmployedHealthInsurance.pdf. The program also covers the recently issued IRS Chief Counsel Memorandum 200524001. This Podcast is sponsored by Leimberg Information Services, Inc. at http://www.leimbergservices.com Please visit our software, books, and PowerPoint Presentations site at http://www.leimberg.com

Show number 5. The self-employed health insurance deduction under IRC Section 162(l) is covered by this podcast. The information for the podcast is found at http://www.edzollars.com/SelfEmployedHealthInsurance.pdf. The program also covers the recently issued IRS Chief Counsel Memorandum 200524001. Please post your comments here.