LIKE-KIND EXCHANGE
A tax deferred exchange that allows buyer and seller to effectively exchange properties without paying the tax liability on the sale of the first asset. It can be swapping of one business for another, or an estate investment property for another property. For this details of this deal, an 8824 form must be submitted to the IRS. Also known as a Section 1031 exchange, there are some factors to consider to avoid the tax liability upon selling the first asset: it should be an investment property, not a residence; purchased asset must be similar to the sold asset; and sale proceeds must be used in purchasing the other within 180 days from the sale of the first asset, although it is advised to identify the property to be bought within 45 days.
POPULAR TERMS
Highly Leveraged Transaction - HLT
HLT is a loan provided from a financial institution to a company that has a large debt amount already. The existing large amount of debt only means ...
Form 5
A document that must be filed with the Securities and Exchange Commission (SEC) by an insider who has conducted insider transactions during the yea ...
Countersignature
Additional signature from an official or professional on a document that has already been signed. Serving as confirmation or authentication, it is ...
Average Collection Period
The amount of time for a business to receive payments owed.
Primary Regulator
The state or federal agency with main supervisory responsibility for a financial institution. Banks and other financial institutions will have to f ...
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SEE FOREX TUTORIAL
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Digesting Financial Statements: Long-Lasting Assets
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Health Savings Account: Introduction
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Digesting Financial Statements: Revenue
When it comes to reporting revenue, companies should pinpoint the perilous revenues, match reported revenues to the money at hand, and analyze and ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 11:00 | Ifo Business Climate Index | Jan | |
| 11:00 | Ifo Current Assessment | Jan | |
| 11:00 | IFO - Expectations | Jan | |
| 15:30 | Durable Goods Orders | Nov | |
| 16:00 | NBB Business Climate | Jan | |
| 01:50 | Corporate Service Price Index | Dec | |
| 02:01 | BRC Shop Price Index | Jan | |
| 02:30 | NAB Business Confidence | Dec | |
| 04:00 | Credit Card Spending | Dec |
