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Plan will focus on traffic, transit in North Chelmsford s Vinal Square

Plan will focus on traffic, transit in North Chelmsford s Vinal Square
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Implications of the Biden proposal on tax deferred exchanges

Implications of the Biden proposal on tax deferred exchanges Share On April 28th, 2021, President Biden revealed a slew of tax proposals including one that involved curtailing the use of a long-standing planning tool the Tax Deferred Like-Kind Exchange.  Flowing from Section 1031 of the Internal Revenue Code, Section 1031 exchanges are a key component of the investment real estate market, especially for small to mid-size investors. Section 1031 exchanges have long been credited with increasing investment in real estate, increasing deal velocity in real estate, and allowing many small businesses and investors to expand and grow their respective businesses. Under President Biden’s proposals, Section 1031 would be modified to abolish the use of Section 1031 for deferring gains over $500,000. 

Keep Fighting : Marist Back in Action, Eager to Make Late Push For MAAC Title

(Inside Lacrosse Photo: Dave Anderson) There was a point not long ago, where Marist’s coaches had to ask the tough question that nobody wants to hear: Is it really wise to continue on? “When it got really tough a couple weeks ago, we had open dialogue about it. ‘Is this too much? Do we just shut it down?” coach Keegan Wilkinson says. “That’s the God’s honest truth. It had gotten really tough for us. I didn’t want to see the guys continually let down.” The freshman and sophomore classes resoundingly said they were going to follow the lead of the upperclassmen. If they’re in, we’re in.

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