1031 Extensions Granted!  IRS releases Disaster Relief Notice 2020-23 (4/9/20)

Important information for our IPX1031 customers and 1031 community regarding 1031 fund safety and IRS deadlines during this unique moment in time.  We are a phone call or email away if there is anything we can help you with or if you have any questions. And be sure to check out our COVID-19 1031 Exchange FAQs.

IPX1031: Prepared & Ready to Help

As so many of you are, all of us at Investment Property Exchange Services, Inc. (IPX1031) are closely monitoring the latest developments regarding COVID-19 (Coronavirus) in the United States and abroad to help ensure the health and safety of our employees, business partners, and the consumers we serve every day. We also recognize that you are relying upon our ability to continue to provide 1031 Exchange services, even during these uncertain times. Since our operations have been “paperless” for many years, our employees are able to work remotely. As a result, we do not anticipate any adverse impact to normal customer service operations or the security we provide.

As the Coronavirus related issues continue to evolve, we remain committed to supporting you and keeping you informed. We are available and ready to listen to your unique needs and provide 1031 assistance on the phone and online. We are committed to being responsive and flexible to your needs during this time. We are here to help, and we encourage you to contact us if we can be of assistance. We remain committed to serving your needs and those of our employees throughout this global health crisis, and would like to express our gratitude for your continued trust in all of us here at IPX1031.
Disaster Extensions & Coronavirus

(4/9/20) The IRS issued Notice 2020-23, extending a variety of deadlines, including 1031 deadlines.  Although the Notice is confusing, because it is not written like the typical Disaster Relief Notices, this Notice extends any 45-day or 180-day deadline that occurs between April 1 and July 14, to July 15, 2020Read more info here.

We are working with other real estate professionals to convince the IRS to change the start date from April 1st to January 20th so that the extensions apply to more taxpayers.

1031 Fund Security
A major role of a Qualified Intermediary is to safeguard taxpayer funds during a 1031 Exchange. Since Qualified Intermediaries are not regulated by the federal government or by most states, financial assurances, expertise, company strength and reputation are critical factors. As the nation’s largest and most secure 1031 Qualified Intermediary, you can count on IPX1031. Read more about our financial strength:

IPX1031’s Safety & Security for Exchangers
Your 1031 Funds Are Safe

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