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Death & Taxes We have Information to Help You with Either Got a Question for a CPA Mom? Need Some Help? List of Tax & Accounting Services we Offer IRS wants you to retire Financially Free! We will answer your questions and give you options about how to become Financially Free when you retire Tax answers/options when you sell your Home. We will answer your questions about the tax free home sales and give you options on tax free exchanges So, You got a letter from IRS? We can help. Letters from IRS are scary. We will answer your questions at no charge. S-Corp, LLC, C-Corp, Partnership - Your Choice? Selecting the correct Business Entity is confusing. We will give you the tax options of each Business Entity. How not to pay taxes when you sell income property. We will explain how to do a tax free exchange & not pay taxes when you sell your income property. To pay for Services - Please click on Paypal Logo below Pay with any of the Credit Cards Listed Below OR If you have a Tax Refund - our fees can be withheld from the Refund   Alternative to Investment Property New IRS Procedure on 1031 Tax Free Exchange Tenant-in-Common (TIC) Exchanges Smaller investors can now invest in larger, professionally managed real estate and enjoy the benefits of tax shelter, growth, leverage and income without the thrill of management. An exchange is not necessary to purchase a TIC Property. Funds from other sources can be used. The Internal Service issued Revenue Procedure 2002-22 on March 20, 2002 giving definitive guidelines for structuring tenant-in-common (TIC) exchanges. Now, taxpayers can exchange into a deeded share of a large, professionally managed property such as a Home Depot, Walgreen’s, Staples, etc. For several years sponsors have sold TIC investments as replacement properties in 1031 exchanges. To qualify for a tax-free exchange, the replacement had to be like- kind. That is, investment real estate and not a partnership interest. All of the standard 1031 procedures are followed when investing in TIC properties, including the use of a qualified intermediary. The qualified intermediary prepares the required documents and escrows the sale funds until the taxpayer selects a tenant-in-common investment for a replacement property. Many exchangors are now identifying three potential tenant-in-common projects, and then doing their due diligence research before closing on one or more properties within the 180 day period. Other taxpayers are identifying tenant-in-common investments as a back-up in the event they cannot find suitable replacement property. The recognition of tenant-in-common interests by the IRS present a new option for the average investor. Previously, large investors have been using these as single buyers. Since the ruling, investment in TICs has doubled each year, to a projected $2 Billion for 2004. Many alternative tenant-in-common offerings are available. A typical TIC investment is a $10 million dollar property with $3,500,000 of Investor’s cash and $6,500,000. of non-recourse debt. They include malls, office building, factories, apartment complexes, nursing homes and other types. The minimum investment is usually $100,000. and the return is about 8% cash on the cash invested. Due to the debt, the depreciation shelters much of the cash distribution. Growth is projected at 2%, which would yield investors 6% on invested cash. In 2003 many TIC properties appreciated at 4% to 5%, yielding the owners a total return of about 24%. That is, 8% cash, 15% growth in equity, plus 1% buy down on the debt. They are planned for about a five-year term and at the sale, the investor may do another 1031 exchange into any real estate or tenant-in-common investment.   Contact Jack Shea at Keys Capital Inc. For information on available TIC properties or with any other questions on the 1031 Tax Exchange. www.1031taxfreesale.com