Real Estate Exchanges Lawyer in Lawton, OK Helping You to Exchange Property Tax-Free
Lawton, OK real estate exchanges lawyer protect you from tax liability
You may have heard that it’s possible to exchange real estate property and not pay tax. While such a tax-free transaction is possible, there are a number of conditions that apply in order to qualify for this benefit. To understand exactly how this may apply to you, you need to secure competent legal counsel from a lawyer with knowledge and experience in real estate transactions and taxes. At Meyers Law Firm, PLLC, with our firm principal who is both a lawyer and a certified public accountant (CPA), we can provide precisely this type of service.
The tax law provides a particular strategy to allow a person to sell his property and obtain another property within a certain time frame without paying tax. The transaction is treated as an exchange rather than a purchase from a tax perspective. Not all types of property qualify for this favored treatment. An experienced local real estate exchanges lawyer is vital to ensure that your transaction meets the requirements of the tax law to qualify as an exchange rather than a simple sale. A real estate exchange and be part of the estate planning process. Our attorneys are experienced in estate law, and they can help you navigate the process.
Experienced legal representation for your real estate exchanges
Enjoying almost four decades of legal experience, we are skilled in structuring real estate transactions to protect you from unnecessary tax. Below are some highlights of the benefits, which you can expect when we represent you in a real estate exchange:
- Knowledgeable and experienced representation — Our firm principal, Mr. Meyers, is both a lawyer and a CPA. He has practiced law for almost four decades and is familiar with the intricacies of both the tax laws and real estate laws. He can ensure that your real estate exchange will qualify for favorable tax treatment and that you will be protected from tax liability.
- Dependability — You can depend on us for prompt, practical and effective counsel to address your legal issues about real estate exchanges. You will have the peace of mind to know that you will be protected from tax liability when we represent you in a real estate transaction.
The tax laws pertaining to real estate transactions are complex. To qualify for tax-favored treatment for a real estate exchange, certain conditions need to be met. To learn the details of what is needed to qualify, it is vital that you consult with an experienced lawyer like, O. Christopher Meyers, who is well versed in tax law and real estate.