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.
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
At the time this was written, no extensions of the 1031 Exchange time deadlines have been issued by the IRS due to the Coronavirus. Taxpayers currently in a 1031 Exchange should plan to proceed as usual and follow the normal time deadlines. Taxpayers and their tax/legal advisors should carefully review any IRS notices regarding potential extensions of time deadlines. IPX1031 will share information as it becomes available.
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 is actively working to achieve some relief, as part of a coalition of trade associations representing the real estate industry and real estate investors, operators, owners and lenders PDF letter (3/23/20)
- Your 1031 Funds Are Safe – Important information for our customers and 1031 community regarding safety and IRS deadlines (3/18/20)
- Your 1031 Funds Are Safe PDF