1031 Tax Exchange

1031 Tax Exchange1031 Tax Exchanges are a powerful way for companies to see significant tax savings on the sale of idle assets. Tex-Mach, Inc. can assist clients with tax deferred asset sales through these Section 1031 tax exchanges. In a typical asset sale the owner is taxed on any gain realized from the sale of an asset. With a 1031 tax exchange, proceeds from the sale of one asset may be invested in another asset through a LKE or “Like Kind Exchange”. An example would be a company selling an asset for $250,000 and purchasing a new asset for $1,000,000. By investing the $250,000 in the new asset capital gains taxes are avoided or deferred. The assets in the LKE need to be similar in nature but not identical and can be new or used. Tex-Mach in conjunction can provide escrow services, consultation and assistance with this process.

Contact Bob Ashworth for more information on this exciting opportunity to cut your tax bill and keep your money at work in your business at (864)461-2251 or tmi@texmach.com.

Tex-Mach, Inc. or any of its officers or employees does not engage in rendering legal, tax, real estate, financial, due diligence or other professional advice, and the service provided by Tex-Mach, Inc. is not a substitute for the advice of an attorney, a tax accountant, or other professionals.
Tex-Mach, Inc. hereby encourages reader or clients to work with own tax, legal, or financial advisors to independently verify information about your specific tax and investment strategies.  Furthermore, Tex-Mach, Inc. hereby informs reader or clients that to the extent that the information provided by Tex-Mach, Inc. through this web site, downloadable forms, brochures, or any other forms of communication contains any tax related information, that information is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties that may be imposed under the U.S. Internal Revenue Code.
If the readers or clients require legal, tax or other expert advice, it is strongly suggested that the readers seek services of a competent attorney, tax accountant or other professionals prior to starting an exchange.