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Navigating the Complexities of Delaware Statutory Trusts

Cherry Bekaert

A Delaware Statutory Trust (DST) is a real estate investment vehicle structured as a separate legal entity. They are treated like direct property ownership for tax purposes, which meet the requirements of like-kind property and qualify as replacement property for a Sec. 1031 exchange. 3801 et seq.

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Navigating the Complexities of Delaware Statutory Trusts

Cherry Bekaert

A Delaware Statutory Trust (DST) is a real estate investment vehicle structured as a separate legal entity. They are treated like direct property ownership for tax purposes, which meet the requirements of like-kind property and qualify as replacement property for a Sec. 1031 exchange. 3801 et seq.

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Your Essential Guide to the Delaware Annual Filing – 2024

Shay CPA

Every corporation incorporated in the State of Delaware is required to file an Annual Franchise Tax Report and pay the associated franchise taxes. The purpose of this tax is to maintain the corporation’s good standing status within the state.

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The New Tax Court Limited Partnership Ruling: What to Know

CPA Practice

Tax Court determined that the exception to net earnings from self-employment in Section 1402(a)(13) of the Internal Revenue Code of 1986, as amended, does not automatically apply to all limited partners in a state law limited partnership. Soroban GP challenged this increase in Tax Court. At the end of 2023, the U.S.

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Shutting Down a Tech Company – Some Tax/Accounting Tips

Shay CPA

Before you shut down your tech company, you need to take some final tax steps. . We’ve seen founders left holding the bag in resolving tax issues, even years after they thought they had closed their companies. Close your accounts. Sales tax accounts. State franchise and income tax accounts.

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Tax Season 2024- Get Your Books Ready in 6 Steps

Shay CPA

Don’t shoot the messenger: it’s time to do your taxes. Plus, getting things in order before you go to your accountant can streamline the process, helping you avoid extra expenses like troubleshooting services from your bookkeeper or rush-order billable hours with your CPA. Very few founders enjoy doing their taxes.

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5 States with the Lowest Combined Business Taxes

CPA Practice

One crucial factor to consider when selecting your business location is the tax environment. Business taxes can significantly impact your bottom line and overall profitability. The importance of business taxes As an entrepreneur, you face countless decisions when starting a business.