Unraveling the Mystery of the 1031 Exchange

Lawyers and Law Firms

There is no doubt that taxes are complicated and confusing, especially when there is a lot of income and expenses involved and when property is being transferred from one individual to another. Many businesses and individuals alike find it is much easier to have the peace of mind that comes with having a skilled and experienced tax expert working with them throughout the process. Here are some things to keep in mind if you are searching for such an expert to help you this tax season:

Businesses- You want to find someone who has the experience needed to do a good job. There are many regulations that apply to businesses that are unique and different from any other tax needs.

Individuals –If you have personal tax accounting needs that have to be addressed, you will want to find a CPA that can help walk you through the red tape involved with personal taxes.

Estates and trusts– This area has very unique and specialized regulations, and you must make sure your CPA has experience in these areas if this is something you are going to need.

Regardless, it is a good idea to find a tax accountant who can help you keep the books in order and to be prepared for taxes when they come due. An expert in the laws and regulations of tax code and exemptions, like our team here at David J Franks Attorney-at-Law can help you understand tax codes such as the 1031 exchange in Davenport IA, and other business-related tax regulations. From the well-known to the obscure, you deserve every tax break you can get, and we can help ensure you get everything you deserve.

Call today to schedule an appointment with professionals you can trust.