Law Office of Ray W. Sowards

IF YOU ONLY KNEW!!! Suppose you were selling property you owned for several years and after taking all the legal deductions, you find that you still owe $900,000.00 in Capital Gains Tax. Truly not good news. But suppose you had a plan whereby you could pay-off the $900,000.00 you owe in 30 years while still using the majority of the funds. Now, out of the $900,000.00 you owe, let us say you were able to invest about 75% of it plus the other funds you received on the sale o...f the property. Even the Devil would love a structured tax deal like this. Oh! I forgot, the Devil is the IRS and yes, the IRS likes this. How is this accomplished? 1. Call me before putting any valuable asset on the market such as a home, commercial property, business, or any asset of great value. 2. It doesn't cost a cent to talk. 3. You have heard it said that knowledge is power but as one author correctly notes, "Knowledge is Power if it brings about the Specific Result(s) you are seeking".

Most of you take a deep breath!!! Because for the majority of us, yesterday was the final tax day. You have heard the old saying, "Look before you Leap", however, I would like to revise that and state "Look and Learn before you Leap". Also, never ever make a serious financial decision without considering the tax consequences. If a person does this, it can become a devastating catastrophic financial disaster that is not easily resolved. Avoid Taxes = Shows you are planning.... Evade Taxes = Shows you want to go to prison. Defer Taxes = Shows you are a thinking person with a bright future in mind. Always have a good relationship with a qualified Tax Person such as a CPA, Enrolled Agent, Attorney, etc. If you are thinking of retiring, selling appreciated assets, or a business, then we need to talk. Feel free to contact me. There are answers to those questions you were or are afraid to ask!!!

Still Worrying About The Taxes You Paid That Did Not Have To Be Paid For 30 Years? If your profile fits the questions above, then break-out the crying-towel. Would you rather have the use of your money for 30 years instead of giving to the IRS? Of course you would, if you are normal. April 18th is just around the corner and it is just a stark reminder of what you have been probably doing wrong. Stop sitting there like a lame Duck. Instead, get your Ducks in a Row. If you plan on selling your home, business, or other asset of great value, then we need to speak before you do so. Don't delay. Send me a confidential message.

Still worrying about those Capital Gain Taxes? As I stated before, there is a way to Defer Capital Gains up to 30 years. There are also three methods that can be used for this. All of this depends on your goals. Selling your home, business or other appreciated assets. Are you interested receiving in a Lump Sum or Payment Stream? There are ANSWERS - I CAN HELP.

The Problem: Fear of a 1031 Exchange Failure. You are running up against the 45 day rule or the 180 rule for the identification and purchase of replacement property. It is more likely than not that the violation of these rules could lead you into the consequences of Capital Gains Tax that could create a most unpleasant experience. The Solution: There is a way of avoiding this UNPLEASANT EXPERIENCE in most cases.... There are answers. Contact me for help.