Purchasing Waterfront property on the Tennessee River System

Purchasing or closing a waterfront lot on the Tennessee River System? Tennessee Valley Authority, (“TVA”), regulations may impact the rights and responsibilities of the closing parties, particularly in the case of boat slips, swim docks and shoreline management. TVA approval must be obtained for any construction activities that affect navigation, flood control or public lands…

UNDERSTANDING 1031 EXCHANGES

Tax professionals seem to rattle off Internal Revenue Code Sections like they’re the ABCs; however, most taxpayers never look further than their 401(k).  Although this is likely in most cases, the term “1031 exchange” is slowly but surely making its way into everyday conversations of Realtors, title companies, investors and even stay-at-home moms. So what…