A 1031 tax-deferred exchange is an excellent way to delay the payment of capital gains on the sale of your property. The number 1031 refers to a section of the tax code of the Internal Revenue Service. However, it is not as simple as it reads, but it is an excellent way to delay paying taxes. And although it is not a good idea for all real estate investors, it may be
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- If you have unfiled past tax returns, then you may have concerns about what the IRS might do if you file those returns now. You may also wonder if your refund, if you had one coming to you, is now gone. However, what happens when you don't file varies between individuals and situation. In any case, you can catch up on your returns and work out any penalties if there a