What is the large portion of water which is partially enclosed by the countries of Saudi Arabia, Kuwait, Iraq, U.A.E. , and Iran? The Central Plateau of Iran What is the name of the elevated, nearly level portion of land located in the country of Iran?
The new tax law can change your tax bill if you're planning to trade in a business vehicle for a new one. Here's what to know.
When selling a business or investment property, and a gain would be realized, Internal Revenue Code Section 1031 provides for an exception, allowing for tax on the gain to be postponed if the proceeds are invested, in a like-kind property exchange.RC Section 1031 (a)(1) states: No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment, if such property is exchanged solely for property of like-kind which is to be held either for productive use in a trade or business or for investment..