IRS Compliance Tips

Learn how a 1031 exchange allows real estate investors to defer capital gains and depreciation recapture taxes by reinvesting proceeds into qualifying property. This guide explains eligible properties, reinvestment requirements, strict 45-day and 180-day deadlines, boot, Qualified Intermediaries, and long-term wealth planning.

The Augusta Rule under Section 280A(g) allows business owners to rent their home to their corporation for up to 14 days per year and receive that income tax-free. When properly documented and structured at fair market value, this strategy lets the business deduct the rent while the owner excludes the income, creating a powerful and compliant tax planning opportunity.