It has been described as the new scramble for Africa. The continent has awoken from the nightmare of its mid-1990s civil wars. Coups and dictators appear to be going out of fashion. Now, with six of the world?s 10 fastest-growing economies, there is a growing consensus that Africa?s time has come.
Africa?s GDP growth will average 5 percent in the coming decade, according to Ernst & Young, with Ghana, Ethiopia and Uganda set to top 7 percent a year. Foreign direct investment, which has risen six-fold in the past decade, is forecast to reach US$150 billion by 2015.
There is growing confidence in Africa as an investment destination, with the highest returns in the world. In the World Bank?s most recent Ease of Doing Business rankings, 14 African countries ranked ahead of Russia, 16 ahead of Brazil and 17 ahead of India.
However, with expectation comes the potential for disappointment. The question now is, can Africa build on the opportunity and avoid the pitfalls of the past?
Some are in no doubt that the continent is in better shape this time.
This month, former British prime minister Tony Blair, who once described Africa as a ?scar on the conscience of the world,? told businessmen in London: ?There is no doubt: Africa is changing for the better. The perceptions of Africa are also changing for the better. There is a new sense of hope and confidence, an optimism and an expectation that is based on evidence, not dreams.?
?Above all, I am noticing in my frequent visits there that there is a new generation of leaders in politics, business and civic society who don?t simply have a new competence about how they approach their tasks, but a new attitude, a new frame of thinking, a new way of looking at their own situation,? Blair said.
Whereas in the past these opportunities may have been squandered, or canceled out by a global financial crisis, it now appears that Africa is better positioned to withstand shocks. During the meltdown of 2009, while developed Western economies were shrinking at an average of 2 percent, sub-Saharan Africa was still growing at about 3.5 percent.
Mthuli Ncube, chief economist at the African Development Bank, gave three reasons: ?First, the growing domestic demand in Africa itself, the rise of a middle class, acted as a shock absorber. Second, there was improved macroeconomic management from a generation of managers who trained during the restructuring programs of the early ?90s.?
?Third, African economies have diversified: Nigeria is now not only oil, but also tourism and agriculture. Diversification is very helpful when there is a decline in commodity prices,? Ncube said.
The bank estimates the middle class at 313 million people in 2010, 34 percent of the continent?s population, and predicts it will grow to 1.1 billion (42 percent) by 2060. There are now more than 100,000 Africans with at least US$1 million to invest, according to the consultants Merrill Lynch and Capgemini. A mobile phone revolution is sweeping the continent.
Blair said the growing influence of China was another reason for optimism. Three years ago it overtook the US as Africa?s biggest trading partner. China, which has a thirst for Africa?s natural resources, says bilateral trade grew from US$10.6 billion in 2000 to US$160 billion; last year and investment totaled US$13 billion.
Ryan Leaf - the number-two pick in the 1998 NFL draft and arguably the biggest bust in league history - was arrested in Montana yesterday.
Details are unclear, but authorities in Great Falls says the former Washington State standout was booked on charges of burglary of a residence, theft and felony criminal possession of dangerous drugs. He was released on $76,000 bond and is due in court on Monday.
Last year, Leaf had a benign brain tumor removed, and in 2010 he was placed on probation after pleaded guilty in Amarillo, Texas to various drug charges.
He released the following statement soon after this arrest:
“I’ve made some mistakes, and have no excuses. I am using the tools I’ve learned to move forward rather than backwards, and will be open to talking about the details in the days to come. I am confident that there will be further understanding when the facts are revealed, and feel very blessed for all of the support, especially from my friends and family.”
, the performance rights organization that collects royalties from satellite/internet radio, cable TV music channels and similar platforms for streaming recordings, seeks Communications Coordinator with 1-2 years experience including a basic understanding of media relations.
While a Mar. 15 application deadline is shown for Intern opportunities at America?s Promise Alliance, we have it on good authority that they are looking for additional applicants for the Communications Intern (scroll down) slot listed (we suggest getting on it ASAP, however). The Alliance works to increase high school graduation rates and improve college-readiness nationwide.
American University/WAMU 88.5 FM
Circle Solutions seeks Health Communications Coordinator to research and write disease-specific newsletters that provide updates on news and recent research advances, develop health awareness campaign materials, and create social media messaging. Georgetown University ? Donor Relations Coordinator
Pew Charitable Trusts ? Project Director, Federal-State Relationship/Deficit Reduction ? seeking candidates with 10 + years experience with a background in one of the following fields at the federal or state level and preferably both: budget, public finance, economics or designing, conducting and managing research projects aimed at informing and advancing effective public policy
While a Mar. 15 application deadline is shown for Intern opportunities at America?s Promise Alliance, we have it on good authority that they are looking for additional applicants for the Communications Intern (scroll down) slot listed (we suggest getting on it ASAP, however). The Alliance works to increase high school graduation rates and improve college-readiness nationwide.
Child Fund International
Scroll down to find DC-based Extractive Industries Campaign Coordinator position with Oxfam America ? experience in a campaigning environment, as well as skills in database management and facilitation/program coordination required. Various opportunities also available at Oxfam?s Boston, MA HQ.
The Save Darfur Coalition is now United to End Genocide. They seek a Community Manager for their STAND (student division) operation with grassroots and student leadership experience.
Fannie Mae has a fresh opening for a Communications & Marketing Manager (search communications/public affairs function or job # 32216) ? your PR/communications experience should include work related to the financial services sector
National Academy for State Health Policy ? Public Policy Intern ? $17/hr ? for graduate students or current law school enrollees
World Bank ? French Regional Online Communications Officer ? DC-based ? Ce poste requiert des comp?tences av?r?es r?daction et d'?dition, avec une bonne ma?trise de l'anglais et le fran?ais, et la capacit? ? transmettre des id?es complexes dans un style cr?atif, clair, direct, et anim? ? apply by Apr. 5
Health Industry Distributors Association ? Exec Assistant/Board Liaison ? seeking resumes that include at least 3-5 years of executive administrative & supervisory experience, preferably in an association setting; familiarity with the healthcare sector helpful. Search managed by Staffing Advisors
The essential Potomac Flacks brings you this Communications Director post with Brown University?s Watson Institute for International Studies ? Providence, RI
The Door & Hardware Institute ? Communications & Marketing Coordinator ? $45k-$52k ? Chantilly, Va.
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Everyone wants to bring their martial arts to the next level, and you can do this by practicing qi-gong and nei-gong, and by cultivating the internal energies that make superhuman feats (like you see in the movies) possible. But how do you do this, and what supernatural feats are possible? Can you do this safely and quickly, and if so, then how? Find out how to take your Tai Chi, Aikido, Tae Kwon Do, Hsing-i, Ba Gua Zhang, Karate, Judo, Five Animals, Shaolin, White Crane, and other wushu kung fu martial arts practice skills to the next level using special meditation cultivation methods, visualization techniques, breathing methods, and the best methods of the modern science in the fields of supplements, bodywork and peak performance training schedules.
If you have ever wanted to change your astrological fate and fortune, which is the karmic destiny you?ve inherited from past lives that you manifest in this life through your "hard efforts," then this manual will teach you how to defy a "capped" fate and turn lack into plenty and misfortune into fortune. By using the 6M method that combines eastern meditation techniques with Western material accomplishments, you?ll become able to manifest a new fate and fortune you didn?t have in store for this life.
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ScienceDaily (Mar. 29, 2012) ? Scientists from the Florida campus of The Scripps Research Institute have synthesized a pair of small molecules that dramatically alter the core biological clock in animal models, highlighting the compounds' potential effectiveness in treating a remarkable range of disorders -- including obesity, diabetes, high cholesterol, and serious sleep disorders.
The study was published on March 29, 2012, in an advance, online edition of the journal Nature.
The study showed that when administered in animal models the synthetic small molecules altered circadian rhythm and the pattern of core clock gene expression in the brain's hypothalamus, the site of the master cellular clock that synchronizes daily rhythms in mammals; circadian rhythms are the physiological processes that respond to a 24-hour cycle of light and dark and are present in most living things.
When given to diet-induced obese mice, these same small molecules decreased obesity by reducing fat mass and markedly improving cholesterol levels and hyperglycemia -- chronically high blood sugar levels that frequently lead to diabetes.
"The idea behind this research is that our circadian rhythms are coupled with metabolic processes and that you can modulate them pharmacologically," said Thomas Burris, a professor at Scripps Florida who led the study. "As it turns out, the effect of that modulation is surprisingly positive -- everything has been beneficial so far."
Burris stressed that these compounds were first generation -- the first to hit their targets in vivo with room for improvement as potential treatments. "In terms of therapeutics, this is really the first step," he said.
In the new study, the team identified and tested a pair of potent synthetic compounds that activate proteins called REV-ERB? and REV-ERB?, which play an integral role in regulating the expression of core clock proteins that drive biological rhythms in activity and metabolism.
In the study, the scientists observed clear metabolic effects when the synthetic compounds were administered twice a day for 12 days. Animals displayed weight loss due to decreased fat mass with no changes in the amount of food they ate. The animals followed the human model of obesity closely, eating a standard Western diet of high fat, high sugar foods, yet still lost weight when given the compounds.
In one of the study's more striking findings, both synthetic compounds were shown to reduce cholesterol production. Cholesterol in the blood of treated animal models decreased 47 percent; triglycerides in the blood decreased 12 percent.
The circadian pattern of expression of a number of metabolic genes in the liver, skeletal muscle, and in fat tissue was also altered, resulting in increased energy expenditure, something of a surprise. In the study, the scientists observed a five percent increase in oxygen consumption, suggesting increased energy expenditure during the day and at night. However, these increases were not due to increased activity -- the animals displayed an overall 15 percent decrease in movement during those same time periods.
In addition to its impact on metabolism, the two compounds also affected the animals' activity during periods of light and darkness, suggesting that this class of compound may be useful for the treatment of sleep disorders, including the common problem of jet lag.
The first authors of the study, "Regulation of Circadian Behavior and Metabolism by Synthetic REV?ERB Agonists," are Laura A. Solt and Yongjun Wang of Scripps Research. Other authors include Subhashis Banerjee, Travis Hughes, Douglas J. Kojetin, Thomas Lundasen, Youseung Shin, Jin Liu, Michael D. Cameron, Romain Noel, Andrew A. Butler, and Theodore M. Kamenecka of Scripps Research; and Seung?Hee Yoo and Joseph S. Takahashi of the Howard Hughes Medical Institute and University of Texas Southwestern Medical Center.
The study was supported by the National Institutes of Health and the Howard Hughes Medical Institute.
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The above story is reprinted from materials provided by Scripps Research Institute.
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Laura A. Solt, Yongjun Wang, Subhashis Banerjee, Travis Hughes, Douglas J. Kojetin, Thomas Lundasen, Youseung Shin, Jin Liu, Michael D. Cameron, Romain Noel, Seung-Hee Yoo, Joseph S. Takahashi, Andrew A. Butler, Theodore M. Kamenecka, Thomas P. Burris. Regulation of circadian behaviour and metabolism by synthetic REV-ERB agonists. Nature, 2012; DOI: 10.1038/nature11030
Note: If no author is given, the source is cited instead.
Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.
The Microsoft Courier project was an original take on tablets but never got out of the concept video stage before Steve Ballmer decided to kill it in favor of Windows 8. Undaunted, a couple of developers from Seattle who were fans of the project hooked up with former Courier lead, J. Allard, and raised enough enough money on Kickstarter to create a Courier-like experience on the iPad. Namely, Tapos?.
, the Residential Replacement Rollover, Sec. 1034 exception is gone. Previous capital losses quietly apply, if the property is held as investment property and sold at a loss and that loss can be carried over for up to 7 years. For those over age 55 the primary residence or residential sale exclusion of taxation is gone. Tax deferred exchanges remain a viable way of deferring taxation on investment real estate.
It is required to analyze and pre plan prior to transaction. That analysis must be done by an updated tax deferred exchange professional examination as those we have on retainer. Not only do you need a tax attorney, but a real estate attorney, attorney and an expert working with them ? that is a specialist in only tax consequences, especially those of tax deferred real estate transactions. There must be proper forms and documents written before the transaction is done. This requires planning and a review of limitations as well as a formal and professional critique of assumptions and decisions. Most Realtors, Attorneys and CPAs not have sufficient expertise Thurs to guide you in a legitimate and defensible tax deferred exchange . The key here is defensible, as the IRS will usually audit the tax deferred transaction and if it?s done correctly it is easily defensible Sun that you will sail right through the audit for little or no money. Your personal tax profile and that of your other business and family identities must be factored into the decisions. It may not be necessary to legally refigure, adjust, and compartmentalize your purchase or sale ? and document that appropriately, BEFORE you begin to put any part of the transaction in writing. Planning is done BEFORE legally and if it is done after the transaction you can be liable for fraud. The IRS does not take kindly to fraud especially regarding real estate
For instance you must know your straight line depreciation factor,. For investment property that is currently 39 years. For instance: Any depreciation taken during the ownership of the property will be picked up in a recapture tax upon the sale of the property
Federal and State Taxations Must Be properly combined, according to Numerous factors that must be. researched by your team of advisors. Since the total taxation on the gain is approximately 35% of the gain plus the recapture tax ? your fees to professionals can be well worth it to you if they better your tax situation. The tax deferred technique can eliminate or defer till later your tax payment and consequence. Of course the only real way to eliminate the usual and tax is to die. There are ways to defer the tax however until that death. . Tax deferred strategies are sometimes called alternative strategies or alternative tax deferment strategies
Note: if you are speaking with anyone and they speak of TAX FREE TAX FREE EXCHANGE or SALE of your property, they are not well informed and Malthus you should be wary of any other advice they give you. There is, Effectively, no such thing as a tax free sale or exchange of real estate tax free.
Exchanging is an effective tax planning tool. Large potential tax liability can be deferred Therefore. And, there are savvy investors who have deferred taxation on millions of dollars of properties for decades and many millions of Malthus given Themselves dollars of additional investment to leverage their money with Which wealth. Like kind exchange can now be . defined as: any kind of real estate in exchange for any other kind of real estate
We hear of qualifying property or properties ? yes there can be more than two properties involved, in some cases there can be several and you do not have to ever see or even know about the other properties involved. You will need good advice however, professional advice. This exchange of any kind of real estate for any other kind of real estate was not always true. This tax deferment alternative is not for everyone. Some owners should not defer.
We must realize, as well, that there is ALWAYS a risk of audit. The larger the dollars involved and the more suspect (according to the IRS) that the participants in the transaction are, the more likely to IRS audit of the procedure is. Audit if there are several million dollars in tax deferment involved, and especially if one or more of the participants are Considered by the IRS audit targets for any reason, you may become involved in an expensive tax. The cost of the audit, even if you are successful in defending your decisions, can be far greater than the tax deferments. And if the deferment is disallowed there WILL be penalties, fines, interest and even more substantial legal and accounting fees ? plus in some cases amended return in Which may trigger more consequences and even more audits. I hope I?ve made myself quite plain here ? get good advice from legal and accounting specialists on these exchanges
There is a timeline, for several of the acts and consequences in exchanges according to the IRS.. In addition to timing there are other qualifying or disqualifying situations and these situations include the use of the properties, before, during and after the transaction by those involved or their families, friends, associates, etc. .. In addition to the normal criteria for the exchanges, if Realtors, investors, attorneys, or those who buy and sell real estate are frequently involved in exchanges, the IRS makes special, more restrictive rules that will result in more scrutiny by the IRS. In fact the IRS can make up reasons why they think a person needs more scrutiny, that can include political affiliations, relationships to politicians, your social position, your affiliation with judges, and conspicuously wealthy or well known people and even your religious affiliations and charitable giving recipients. In fact, there can be a tax deferred exchange that will work for one side of the exchange and not for the other person or entity involved.
In addition the tax court looks at intent for use, investment, or purchase and sale ? not only the use, past, present and future, of the properties involved but what they think may be or could be the uses and consequences based on all sorts of criteria and even hunches they may have. They also have extensive rules on what like-kind exchanges are. The exchange must therefore be interdependent. There may not be any receipt or control of cash or other liquid assets from the sale by any of the exchangers. This can be inclusive of debt relief as well. Any of these things will be taxed. In fact, a refinancing of any property involved within two years or less will disallow the tax deferment as well. . There are also several time limits and timing criteria must be allowed for Which involved and honored
There are some specific terms; relinquished property and replacement property are the most important terms, after the most important phrase of all final : Like Kind Property Exchange. Large potential tax liability can be deferred, that is: NO tax is due upon receipt of the proceeds, from your investment in qualifying real estate Whether buying or selling, can be maximized by deferring the tax liability, the consequences, and using the deferred expenses. That is, you are saving and have the use of the tax money you do not have to pay now, and you can invest that money in the next property, giving you a multiplied ability to invest and reap further benefits of appreciation and income. Therefore, you will have the additional money, and additional downpayment Therefore, to invest in even larger property or to pay cash for a more expensive property. This can change your life,. Your life as to investor, your business life, at least
The exchange does have to be simultaneous. You must in general, identify the property within 45 days and settle within 180 days
There are so delayed exchanges, simultaneous exchanges non, Which are sometimes called Starker Exchanges.. There can be a buyer assisted, delayed, Strong exchange. This buyer assisted, delayed exchange, is done with the help of the buyer ? by letting the buyer possess or even live in the property for a while. This is almost always a bad idea, a very bad idea. There is also such a thing as a reverse Starker exchange. In a reverse Starker exchange the replacement property is acquired before the relinquished property is sold. These are rare, unusual, possible and legal ? but not to be Considered lightly without adequate counsel involved in planning your every facet
. For the protection of all involved, the contracts, exchange all documents and paperwork should be prepared by specialists in tax deferred transactions. The Realtor should never, ever, prepare the exchange documents
There are some additional factors and rules. You can name up to three possible properties in that first 45 day period. There is also a rule called the 200% aggregate rule where you can name severalproperties up to but not more than 200% of the value of the relinquished property. Property held by a person who deals in property does not qualify. Personal property does not qualify residential use. Partnership interest in property does not qualify. Refinanced property will not likely qualify if it has been refinanced in the last two years. The property must ordinarily be held for investment and gene rally acquired and held for appreciation and tested for production of income as rental income.
Let?s now look at the sale of personal residences. The gain on a personal residence has no tax due on the first $ 250,000 of gain for one person or $ 500,000 tax relief for a couple. A principle residence is one that a person resides in for 183 days per year or more and no other. Factors Which deterministic mine a person?s principle residence are four, each showing the same residential address of that being claimed: A Driver?s License, Magazine, Newspaper, and Internet subscriptions, utility bills seeking as cable TV, telephones, etc. that are mailed to and show address as the residence, credit card bills, checking and savings accounts, voter registration card, personal telephone listing in the white pages.
There are many pages of rules, regulations, code, determinations, tax code, rental and vacancy rules, abandonment according to prescription, determinations of intent, various capricious factors known only to Particular IRS agents, timelines, divorce issues, temporary use, rental, vacancy, or abandonment issues, documented or discoverable intentions on the part of participants in The transactions, multiple dispositions in short periods of time, work related occupancy and vacancy requirements, personal business use of property, income streams, family uses, health related and documented residential move or vacancy requirements, court cases and other recorded facts, all manner of special requirements and issues, land installment contract provisions, miscellaneous extenuating contingencies and defensible ? which will affect the legality and good faith defensibility of a tax deferred transaction. There are many points upon your planning should be based Which. There are some emergency planning techniques as well.
You can even take some improvement expenses and take a fixed expense for work done up to sell the house. You MUST have: Written affirmation of Necessary expenses that are needed to sell the property. Be able to prove the work was done within 90 days of the executed contract of sale. There is, therefore, now, a maximum of 20% taxation on the taxable portion of the net gain on the home. Generally tax laws are applied separately to each individual owner or co-owner of the property and each must meet requirements separately and individually. Take care
. Be prepared. Educate yourself and your advisors Ensure that are as well. . Be legally and financially, professionally and very well Represented and personally wary
===
End Note: The above article was written in the form of notes during a class I attended on exchanges that was delivered by full time professionals SEVERAL in the business of ONLY these types of exchanges. These notes are to be Considered in the form of guidance alarming you to the point of getting proper counsel only. You may know the exchanges of real estate as Starker exchanges, 1031 exchanges or 10-31 or even as ?tax free? exchanges. They are NOT tax free, they are tax deferred! Be careful.
Do not use the information in this article to make your final tax or selling or buying decisions. This information here is to give you enough data to begin thinking about deferred tax -. Exchange of real estate
Do not make any decisions or write any documents based on this information. Get specialized legal advice from experts in this exact business, not from unspecialized attorneys or accountants ? and especially NOT from general Realtors examined as myself
Ask to see the credentials of anyone who seeks to advise you, they will. have them or not, exact and specific credentials, in writing, of their professional ability to serve you. If not, chose another professional to help you. In fact feel free to contact me and I?ll get you in touch with those senior professionals who are full time in this exact profession.
There are law changes frequently on these forms of transactions and as I write this 10-31-2001 there are several laws being discussed and perhaps voted on today that will change many of the factors involved here ? hopefully for the best ? in order to help bolster our economy even more and support the real estate business # in which I work .
Bywww.JodyHudson.com
id=?article-resource?> Realtor for 35 years in America and Delaware
The source page for this article is: [http://www.kate-jody.com/essays/taxdeferredexchanges.html]
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, the Residential Replacement Rollover, Sec. 1034 exception is gone. Previous capital losses quietly apply, if the property is held as investment property and sold at a loss and that loss can be carried over for up to 7 years. For those over age 55 the primary residence or residential sale exclusion of taxation is gone. Tax deferred exchanges remain a viable way of deferring taxation on investment real estate.
It is required to analyze and pre plan prior to transaction. That analysis must be done by an updated tax deferred exchange professional examination as those we have on retainer. Not only do you need a tax attorney, but a real estate attorney, attorney and an expert working with them - that is a specialist in only tax consequences, especially those of tax deferred real estate transactions. There must be proper forms and documents written before the transaction is done. This requires planning and a review of limitations as well as a formal and professional critique of assumptions and decisions. Most Realtors, Attorneys and CPAs not have sufficient expertise Thurs to guide you in a legitimate and defensible tax deferred exchange . The key here is defensible, as the IRS will usually audit the tax deferred transaction and if it's done correctly it is easily defensible Sun that you will sail right through the audit for little or no money. Your personal tax profile and that of your other business and family identities must be factored into the decisions. It may not be necessary to legally refigure, adjust, and compartmentalize your purchase or sale - and document that appropriately, BEFORE you begin to put any part of the transaction in writing. Planning is done BEFORE legally and if it is done after the transaction you can be liable for fraud. The IRS does not take kindly to fraud especially regarding real estate
For instance you must know your straight line depreciation factor,. For investment property that is currently 39 years. For instance: Any depreciation taken during the ownership of the property will be picked up in a recapture tax upon the sale of the property
Federal and State Taxations Must Be properly combined, according to Numerous factors that must be. researched by your team of advisors. Since the total taxation on the gain is approximately 35% of the gain plus the recapture tax - your fees to professionals can be well worth it to you if they better your tax situation. The tax deferred technique can eliminate or defer till later your tax payment and consequence. Of course the only real way to eliminate the usual and tax is to die. There are ways to defer the tax however until that death. . Tax deferred strategies are sometimes called alternative strategies or alternative tax deferment strategies
Note: if you are speaking with anyone and they speak of TAX FREE TAX FREE EXCHANGE or SALE of your property, they are not well informed and Malthus you should be wary of any other advice they give you. There is, Effectively, no such thing as a tax free sale or exchange of real estate tax free.
Exchanging is an effective tax planning tool. Large potential tax liability can be deferred Therefore. And, there are savvy investors who have deferred taxation on millions of dollars of properties for decades and many millions of Malthus given Themselves dollars of additional investment to leverage their money with Which wealth. Like kind exchange can now be . defined as: any kind of real estate in exchange for any other kind of real estate
We hear of qualifying property or properties - yes there can be more than two properties involved, in some cases there can be several and you do not have to ever see or even know about the other properties involved. You will need good advice however, professional advice. This exchange of any kind of real estate for any other kind of real estate was not always true. This tax deferment alternative is not for everyone. Some owners should not defer.
We must realize, as well, that there is ALWAYS a risk of audit. The larger the dollars involved and the more suspect (according to the IRS) that the participants in the transaction are, the more likely to IRS audit of the procedure is. Audit if there are several million dollars in tax deferment involved, and especially if one or more of the participants are Considered by the IRS audit targets for any reason, you may become involved in an expensive tax. The cost of the audit, even if you are successful in defending your decisions, can be far greater than the tax deferments. And if the deferment is disallowed there WILL be penalties, fines, interest and even more substantial legal and accounting fees - plus in some cases amended return in Which may trigger more consequences and even more audits. I hope I've made myself quite plain here - get good advice from legal and accounting specialists on these exchanges
There is a timeline, for several of the acts and consequences in exchanges according to the IRS.. In addition to timing there are other qualifying or disqualifying situations and these situations include the use of the properties, before, during and after the transaction by those involved or their families, friends, associates, etc. .. In addition to the normal criteria for the exchanges, if Realtors, investors, attorneys, or those who buy and sell real estate are frequently involved in exchanges, the IRS makes special, more restrictive rules that will result in more scrutiny by the IRS. In fact the IRS can make up reasons why they think a person needs more scrutiny, that can include political affiliations, relationships to politicians, your social position, your affiliation with judges, and conspicuously wealthy or well known people and even your religious affiliations and charitable giving recipients. In fact, there can be a tax deferred exchange that will work for one side of the exchange and not for the other person or entity involved.
In addition the tax court looks at intent for use, investment, or purchase and sale - not only the use, past, present and future, of the properties involved but what they think may be or could be the uses and consequences based on all sorts of criteria and even hunches they may have. They also have extensive rules on what like-kind exchanges are. The exchange must therefore be interdependent. There may not be any receipt or control of cash or other liquid assets from the sale by any of the exchangers. This can be inclusive of debt relief as well. Any of these things will be taxed. Did you find this article helpful? 0 0
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Always comparison shop for contractors when you require to fix up your home and ensure they have the right equipment just like the necessary power tools as well as a portable air compressor. Later, if you opt to sell your house, it?s almost certain you will have to have some repair work done. If the work you require is extensive enough, you will have to hire a contractor. It?s not something to do around the spur of the moment. Not all contractors are the same; shop around before engaging one!
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Perhaps the most common occurrence in many homes is often a leaky shower head.? This is caused by a defective or damaged O-ring inside of the head.? To stop the leak, simply apply tape to the head, and twist your head off with a pipe wrench.? Find an O-ring that fits your head and place it in.? Place pipe sealer around the pipe threads and screw the pinnacle back on, with a final tightening through the pipe wrench.? Then test the pinnacle for any further leaks.
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When picking a contractor for the home renovation, don?t be tempted to simply take the lowest estimate. There is absolutely no guarantee that it will be cheaper to utilize a lower-cost contractor and simply fix any poor work later. More affordable prices usually mean that the standard of the work and the materials is additionally lower.
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If you put new cabinets at home, your kitchen will glow with beauty and style. New cabinets show all your family and friends that your kitchen is often a professional place for cooking and entertainment. You?ll find cabinets in light wood stains and dark wood stains, supplying you with the ability to personalize your kitchen area to your specific tastes.
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Should your kitchen is in need of a renovation that you can?t afford, consider simply repainting your cabinets and replacing their hinges. You will not have made any major functional changes, your kitchen will appear much more pleasing and newer. Replacing hinges makes sure that cabinet doors fit snugly as an alternative to hanging open, as well as the new paint will brighten the whole room.
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Use flour for emergency wall paper glue!? That?s how a old timers used glue their wall paper set up.? Just mix some flour with enough water to make a paste.? Apply it really as you would every other wall paper glue.? It lasts for years!
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Update your bathroom to produce your house feel like a home.? Every member of the family spends a lot of time in this room, but we very often overlook giving it an update within a remodel. You can do easy changes by replacing wallpapers, lamps, and cabinetry, to generate a fresh look.
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With regards to home improvement, be sure to do your background work and ensure that the contractor is bonded. This is very important because a way to make sure that the job you intended as completed will be completed per the stated terms. Also, the call provider will cover any damage or theft occurring.?
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If you heat with a wood stove, smoke may cause your walls to get dingy and you will must repaint more often than in the event you heat with a furnace.? When you are doing repaint, it is worthwhile to wipe the walls and ceiling down using a damp sponge to get rid of as much soot as possible before putting on a fresh coat of paint.
Filed under : Home Decoration,
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Forum rules This forum is for OOC discussion about existing roleplays.
Please post all "Players Wanted" threads in the Roleplayers Wanted forum!
This topic is an Out Of Character part of the roleplay, ?Love VS. Popularity?. Anything posted here will also show up there.
Topic Tags:
Forum for completely Out of Character (OOC) discussion, based around whatever is happening In Character (IC). Discuss plans, storylines, and events; Recruit for your roleplaying game, or find a GM for your playergroup.
Can I reserve Shelby I can have her charector up within an hour
WrittenInSilverInk
Member for 0 years
I would love to take Savannah, how should we fill out character information? (As in what should we make up and what has already been decided about the characters other than whats in the introduction)
Last edited by deadaray on Sun Mar 25, 2012 5:38 pm, edited 1 time in total.
deadaray
Member for 4 years
Can you keep Jake reserved for a day? i can get a character submitted in the morning.
flieslikeabrick
Member for 0 years
Hello. I have a character who would suit the Max character very well. Do you mind if I make a couple of small changes to the role? That mostly includes the name and where he's originally from, because those are character-significant, but I won't change the personality.
the_judged
Member for 1 years
I've submitted a character for Max -- hopefully he's alright ^^;;
ProfessorChaos
Member for 0 years
I just submitted a character for Savannah, if you want me to change anything just let me know and I'll be happy to :)
deadaray
Member for 4 years
i submitted a charector for Shelby I think she seems okay.. :) it wil be hard to get into the role of such a horrible person though!
WrittenInSilverInk
Member for 0 years
Who wants to start? And the_judged -Max is already taken, but you can be Jared? And if we start, someone will have to be Jake until flieslikeabrick submits his
Phiaa_Loves_You
Member for 0 years
I'd like to play Jared if that's cool with you, I will make a character right now.
Addrinvan
Member for 1 years
Great! Someone will have to play Jake, but I'll start!
Phiaa_Loves_You
Member for 0 years
Again, I would need to make a lot of changes to the role. I chose Max because his personality was closest to my character's: this character isn't a jock or anything.
the_judged
Member for 1 years
IT STARTEDD! :D And the_judged , Sorry(: I saw ProfesserChaos's character submit before I read this Sorry!
Phiaa_Loves_You
Member for 0 years
If my long posts bug anyone sometime in the roleplay (Like the post I just posted) say something and I'll make them shorter. I'm just used to posting them really long and in lots of detail.
WrittenInSilverInk
Member for 0 years
Could I be Jared please?
10/8/47-2/24/12
Fill not your hearts with pain and sorrow, but remember me in every tomorrow. Remember the joy, the laughter, the smiles, I've only gone to rest a little while. Although my leaving causes pain and grief, my going has eased my hurt and given me relief. So dry your eyes and remember me, not as I am now, but as I used to be. Because, I will remember you all and look on with a smile. Understand, in your hearts, I've only gone to rest a little while.
twi-twi
Member for 1 years
@WrittenInSilverInk would you mind being Jake too? Pleaseeeeeeeeeeeeeeeeeeeeeeeeee?!(:
Phiaa_Loves_You
Member for 0 years
Post a reply
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