Poker and Tax Consequences

  There are few experiences more gratifying to a poker player than winning big. As poker continues to grow in popularity, millions of players will feel the impact of tax law, which applies to gambling winnings as it does to any income earned – albeit with some important stipulations. For starters, all gambling winnings are…

Bauer Brofsky Law Firm Launches New Website

Bauer Brofsky Law Firm P.A., among the premier South Florida Law Firms operating in the Miami-Dade, Broward, and Palm Beach counties, has launched a cutting-edge website at TheBBLawFirm.com, which will make its comprehensive legal services more accessible to clients. The state-of-the-art website allows clients to learn about the firm’s wide-ranging areas of practice, which include…

1031 Exchange

  So what is 1031? Broadly stated, a 1031 exchange (also called a like-kind exchange) is a swap of one business or investment asset for another. Although most swaps are taxable as sales, if you come within 1031, you’ll either have no tax or limited tax due at the time of the exchange. If you…