Under current federal law, if a foreign person sells US real property, the buyer is obligated to withhold 10% of the gross sales price and remit this to the IRS. Pursuant to the Protecting Americans from Tax Hikes Act of 2015, however, which became law on...
The most important news for the Section 1031 community coming out of the year-end tax and budget bills was the absence of any mention of §1031 as a “pay-for” for any of the expenditures in those bills. These are expensive bills, so non-mention of §1031 is a big win...
updated May 2020 Be sure to read Tax Straddling – Pay Taxes in 2020 or 2021? December 2015 To keep your holiday season merry and bright, here are a few key 1031 updates and reminders: Tax straddling may be a viable option for you if you are currently considering a...
A RECIPE FOR DISASTER Eating The Seed Corn: Congress Proposes Repealing Section 1031 Options Under 1031 Benefit All Parties, Including The IRS by Joseph Darby BankerandTradesman.com November 22, 2015 Everyone understands that “eating your seed corn” is a really bad...
2025 Misconceptions | 2024 Misconceptions | 2023 Misconceptions | 2022 Misconceptions | 2021 Misconceptions | 2020 Misconceptions | 2019 Misconceptions | Common 1031 Misconceptions Here are a few of the 1031 Exchange topics we get asked about the most. 1. The...
updated October 2020 Be sure to read Tax Straddling – Pay Taxes in 2021 or 2022? Trick or treat time? A treat might exist for those taxpayers who initiate a 1031 tax-deferred exchange towards the end of 2015 only to find that their exchange fails in 2016 or they...
With the new school year starting, timing is perfect for a 1031 Exchange refresher! 1031 Exchanges are once again an important strategic investment tool for many investors and businesses as the real estate investment market’s momentum continues to escalate. Following...
