The Tax Cuts and Jobs Act (TCJA) was signed into law on December 22, 2017. The TCJA limits deferral under IRC Section 1031 to real property that is not held primarily for sale. Exchanges of personal property, capital assets, intangibles and collectibles are no longer permitted. The modification to IRC Section 1031 applies to exchanges … Continue reading Like-Kind Exchanges of Real Estate Survive the Tax Cuts and Jobs Act A Glass Half Full for Section 1031
"This attorney was recommended by my realtor and now I know why she was highly recommended. Beth and everyone else at the firm were a pleasure to deal with and very helpful." -Mahir M.
Sold Your Home Via Short Sale? You Can Buy Again If you owned a home between 2006 and 2011, there’s a good chance that you saw your home’s value sour from all-time highs to all-time lows. In 2012 alone, short sales accounted for 22 percent of all home transactions. By 2010, almost one-quarter of U.S. homeowners had … Continue reading Short sale – when can I buy again?
"I have used other real estate attorneys in the past who charged a lot more and delivered less, but I was pleasantly surprised at the level of service we received for the low cost. Next time I have a real estate closing I will definitely use them again. Highly recommend."
Effective January 1, 2018, the Illinois Department of Revenue (“IDOR”) has been authorized by state statute to provide a uniform statewide system for the filing of notices for state tax liens. The IDOR will no longer be recording its liens or releases with local county recorders. Instead, the IDOR will now maintain its own searchable … Continue reading Change to IL State Tax Liens- Effective January 1, 2018
The rambler or split-level you’re eyeing looks perfect in every way, but prior damage and other issues may be lurking in the house’s backstory. These are details you’ll want to know about before signing the closing papers. And you can, thanks to a free tool that lists insurance losses on a property going back seven … Continue reading Want to avoid an unpleasant home insurance surprise with your next house? Get a CLUE HEATHER LARSON MAY 14, 2015 IN REAL ESTATE
I am very satisfied with the excellent service I received when Beth Mann represented me! She will be in your corner the whole way. Both Beth and Samantha do an excellent job of protecting you, keeping you updated on your file and explaining all the intricacies of the transaction. I am not sure how this … Continue reading NEW 5 STAR REVIEW!!