While many companies are constantly looking for ways to cut their payments on taxes, few aware that the 170 Exchange actually exists. Also called the Bargain Sales, the 170 Exchange allows commercial real estate companies receive an immediate tax reduction from the disposition of under-utilized commercial assets, something that the Welfont Group is an expert at. This is clearly an advantage for the firm, as the 170 Exchange is a transaction that many are still unaware of. However, the Welfont group insists that it is actually pretty common. Every year, there are around 20,000 real estate bargain sales in the United States, totaling over $ 8 billion. If your company could benefit from the 170 Exchange, the Welfont Group could ensure a smooth transaction. The firm could match your company to a non-profit entity so that both sides could gain benefits.
Let the Welfont Group Guide You Through the 170 Exchange Transaction
Gary Keller, author of “The Millionaire Real Estate Investor” recommends seeking some expert advice and guidance when dealing with the 170 Exchange. “It’s a very straightforward procedure, but it takes some planning.” He adds, “This program in the IRS tax code allows you to sell and buy properties without having to declare capital gains tax or pay those taxes.” Robert W. Wood, contributor to Forbes magazine agrees that it is actually not easy to partner up with a suitable non-profit entity to take full advantage of the 170 Exchange. He stresses, “While you can make a simple swap of one property for another, the odds are slim you will find someone with the exact property you want who wants the exact property you have.” The advantage of letting the Welfont Group guide you is that the firm is an expert in doing 170 Exchange transactions, and can match you with a suitable non-profit entity so that both sides can gain mutual benefits.
Tax Deductions to Fund Micro Loans
The Welfont Group distributes micro loans through the non-profit entity called the Mercy Foundation. The charity organization gives out micro loans to the poor all over the world because it takes into heart the compassionate words of Abraham Lincoln, ““I have always found that mercy bears richer fruits than strict justice.” In its mission statement, the Mercy Foundation aims to “become the leading life improvement organization by helping people in need learn how to create a brighter future and more productive life for themselves, their families and their communities.” So far, the Mercy Foundation has funded micro loans in over fifty countries, spread out across six continents (because Antarctica is has no human inhabitants). The loans are used for the poor to start or expand their small businesses in various industries like education, agriculture, art, health, transportation, and many more. Joe Johnson, CEO of the Welfont Group, derives deep personal satisfaction from watching the poor thrive, improve their living situations and get out of paralyzing poverty. He considers the micro loans money well spent.