Really a guy who works at the tax collectors office told me some mortgage companies use the highest tax payment ( March)  for escrow and then pay early ( November) and pocket the difference...

Hi @Alex Miles, The majority of investors/taxpayers do not realize that foreign property can qualify under Section 1031, but the exchange has to be between foreign properties. 

"Free" to a non-profit works because there are no tax consequences for the non-profit, there will be to a tax payer.

Loans can be processed from the Solo 401k at 50% of the account balance but cannot exceed $50,000.Also, Roth 401k contributions are allowable regardless of income level, thereby affording taxpayers, who would not otherwise be eligible, to take advantage of the Roth component.

The injection of taxpayer capital (ugh, don't get me started) into the riverfront could spur some gentrification to the north there if the initial investors were brave enough.

The issue of whether the rental of property is a trade or business of a taxpayer is ultimately one of fact in which the scope of a taxpayer’s activities, either personally or through agents, in connection with the property, are so extensive as to rise to the stature of a trade or business.

"This action was about open markets and fairness, not just for Kentucky property owners, but for taxpayers and those who purchase property in all turf states, regardless of where they reside."

The reason being it was easier to manage quarterly tax payments and we are still afforded the ability to defer income via a 401K plan we have within the companies. 

Seriously, your accountant's advice in two threads now is very different from what the IRS has written in publication 527 intended to assist taxpayers; see page 5 of this PDF:http://www.irs.gov/pub/irs-pdf/p527.pdfCan we just call it bad advice now?

Has been a eye opening experience pertaining to what an honest tax paying citizen would expect to what is the reality.