IRS Cannot Extend Deadlines Taxpayers frequently ask us if there is any way to extend the 45-day and 180-day deadlines for identifying Replacement Property and completing an IRC Section 1031 Exchange. As a recent IRS letter pointed out, the answer is, “probably not.”...
Got the summer itch for traveling? If so, you’re like most Americans. Based on our recent research, we’re gearing up for a very busy travel summer. Most of us, having been in our homes for a very long time, now want to discover new places, cuisines, landscapes,...
UPDATED for 2023:Holiday Travel Statistics: Travelers Concerns for Upcoming Season, Busiest U.S. AirportsAmerica’s 2023 Travel Outlook For many Americans, the plane tickets have been booked and the bags have been packed as travelers are eager to take much-needed...
The Power of the 1031 Exchange Commercial and Investment real estate transactions have been moving at a brisk pace and a considerable percentage of those sales have been structured as 1031 Exchanges, allowing sellers to defer taxes otherwise due in the year of sale....
We need YOUR help! The President has proposed limiting 1031 Exchange tax deferral to a maximum of $500K. The administration says the drastic change is part of the plan to “pay for” the cost of the $1.8 trillion American Families Plan. This is a direct threat to...
WealthManagement.com recently published The CRE Industry is Playing Defense to Preserve 1031 Exchange Tax Benefits and our IPX1031 General Counsel, Suzanne Goldstein Baker was quoted. Read Suzanne’s quotes about the ongoing efforts to educate members of Congress...
