Chad Schleicher

Reduce Tax Exposure on the Sale of Heavy Equipment

I recently attended a large heavy equipment auction at which thousands of pieces of heavy equipment sold during a one-week period. While observing the auction, it became abundantly clear to me that those who were buying equipment were highly calculated in their decision-making, having done extensive research into the equipment on which they were bidding so that they could make split-second decisions during the auction.

Qualified Intermediaries - More Than Meets the Eye!

In 2007, Michael Bay directed the film Transformers, which some might argue was his greatest film to-date. Transformers follows a young man who gets tossed into an alien war between the Autobots and the Decepticons, both of whom are on Earth disguised as different motor vehicles but can transform into huge warring robots in a moment. It was way back in 1984 when Hasbro launched the Transformer line of toys that inspired the recent films. Toys that had kids around the world singing the refrain, Transformers! More than meets the eye!

Five Reasons to Utilize a Qualified Intermediary in a 1031 Exchange

Most savvy investors understand the importance of a sound tax strategy when making an investment decision. Therefore, it is no wonder that utilizing a like-kind exchange (LKE) when buying or selling real estate, or other business use assets, remains a primary wealth and tax strategy amongst investors both large and small. Unfortunately, many investors are blindly allocating the responsibility of managing their 1031 exchange to a local attorney, CPA, or banker.

Interview with Energy 1031 Specialist, Wolf Hanschen

Wolf Hanschen is a consultant and 1031 specialist for Resource Royalties in Dallas, TX. He is also the co-founder and managing director of Peregrine Energy Partners, also located in Dallas.

Hanschen began his career more than a decade ago in the energy industry and has since served in a variety of roles. During his career, he has raised over $400 million in the broker-dealer and RIA community, specializing in 1031 exchange investments out of real estate and into producing oil and gas properties.

Interview with Mark Prendergast of Heritage Auctions

Mark Prendergast is director of business development and trust estates at Heritage Auctions, the largest collectibles auctioneer and third largest auction house in the world. Prendergast earned his degree in Art History from Vanderbilt University and began his career in arts working with a national dealer in private sales of 20th Century American Art. Joining Christie’s in 1998, he quickly advanced to Vice President where he was instrumental in bringing to market many prominent works. He later joined Heritage Auctions in 2009, where he provides assistance to fiduciary professionals in all aspects of appraisal and liquidation of assets.

1031 Like-Kind Exchange Fallacies

1031 like-kind exchanges or tax deferred exchanges have been part of the United States tax code since 1921, yet they continue to be the subject of a number of misconceptions, some of which are addressed below.

Fractional Ownership of Real Estate

There are many benefits to owning real estate – appreciation, diversification, mortgage interest deduction, and 1031 tax deferment are a few. However, not everyone has the capital to purchase high-end properties like a Donald Trump. Because of the high cost of real estate, many investors seek out angel funding and bank loans to make up their capital shortfalls. Yet, there is another way for an investor to own real estate, and that is fractional ownership. Fractional ownership is an investment structure that allows multiple investors to purchase a percentage ownership in an investment-grade asset.
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