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We are the only exchange offering the 1031 tax deferment to our customers," said Frank Berlage, co-founder and chief executive officer of The Online Asset Exchange.
Deferment is an entitlement; however, with the exception of a few types, forbearance is granted at a lender's discretion.
Understanding the financial challenges many of these business owners currently face, the SBA is also strongly encouraging its participating 7(a) lenders and Certified Development Companies (CDCs) to consider on a case-by-case basis deferment relief for borrowers with SBA-guaranteed 7(a) and 504 loans.
Until then, he had received deferments because his work was considered vital to national defense.
Borrowers located in counties contiguous to the primary counties/parishes in the disaster areas who have suffered an adverse impact because of the disaster may also be eligible for 12 months of principal and interest deferments on SBA-serviced business and disaster loans, but these deferments will not be automatic in those areas.
Under Selective Service rules established after Vietnam, college deferments are no longer allowed.
Second, as the Vietnam War turned ugly, more and more sons of the nation's elite availed themselves of such deferments to avoid fighting in what they saw as a pointless and unjust conflict.
The board also voted to continue previously announced deferments of dividend payments.
You'll need intelligent tax deferments and smart, well thought-out deductions to keep Uncle Sam from reaming your investment "cash cache" for more than he actually deserves.
The borrower will be able to provide an electronic signature for most types of deferments and forbearance requests, and submit the application online.
If a military draft becomes necessary, approximately 2,000 Local and Appeal Boards throughout America would decide which young men, who submit a claim, receive deferments, postponements or exemptions from military service, based on Federal guidelines.
Deferments could include a six-month post-demobilization period.