Amr’s Recent Posts
In 1980, Congress enacted the Foreign Investment in Real Property Tax Act (FIRPTA) to address concerns about increasing foreign land ownership in the US. The Act implemented a requirement for withholding taxes on foreign entities' sale of US properties. What’s interesting about the withholding requirement is that the property buyer is responsible for ensuring the amount is withheld and transferred to the IRS.
Over the next 25 years, the biggest transfer of wealth in human history will take place. Some $68.4 trillion will be transferred to younger generations through gifts and estate plans. And some of that wealth will be in the form of stocks. Which leads to the question, who pays capital gains tax on gifted stock? We’ll explain in this article.
Finding suitable Delaware Statutory Trust investments can be challenging. Scouring through multiple DST offerings to find investment options that meet your investment criteria can be a difficult and time-consuming process. DST investors who are trying to place capital to complete 1031 exchanges also face the additional pressure of meeting inflexible Internal Revenue Service deadlines.
Tenants-In-Common is a structure for sharing property ownership among two or more people. The unique aspect of TIC arrangements is how flexible the design is. For example, TIC can include a shared rental property owned jointly by two best friends or, on the other end of the spectrum, a professionally managed company promoted by a Sponsor.
Retirement generally means stepping away from a day-to-day job you might have had for years, or even decades. It also means stepping away from a steady wage and/or salary.
Interest rate risk is the risk that an investment’s value will change as interest rates change. This is of heightened concern during periods of interest rate hikes but is also vital to watch when the Fed is lowering rates.
Estate taxes are paid when the estate owner passes. But what about taxes on income received after death? This is where Income in Respect of a Decedent (IRD) comes in. This article will discuss calculating the IRD deduction and how it affects any beneficiaries.
As a result of the COVID pandemic, millions of Americans found themselves without jobs and receiving unemployment benefits. Even those who were not affected by layoffs saw how quickly even the most secure job could disappear. If you’ve never used unemployment benefits, you likely don’t know much about them. But given that a period of unemployment could happen to anyone through no fault of their own, it’s best to understand the system a bit better. In this article, we’ll explore unemployment benefits and how income from rental property may affect these benefits.
A financial planner can be helpful in building retirement savings, whether you’re just starting out or nearing the end of your career.