by William Horan | Jan 9, 2016 | Process, Realty Exchange Corporation, State Law
Maryland recognizes the federal 1031 exchange law and will grant an exemption if you meet certain criteria. If you need help with a 1031 exchange and are a Maryland nonresident we can help with the frustrating Maryland Certificate of Full or Partial Exemption...
by William Horan | May 18, 2015 | Federal Law, Process, Realty Exchange Corporation
In a previous blog, we alerted 1031 exchangers and all other buyers and sellers to expect longer settlement times due to implementation of the new CFPB TRID rules and new forms after Aug 1, 2015. As a qualified Intermediary (QI) we are prepared during the transition...
by admin | Mar 15, 2014 | Tax Reform
In addition to the severe tax reform suggestions in the House and Senate tax reform draft discussion papers the 2015 Presidential budget proposes that real property 1031 exchange deferrals be limited annually to $1 million per taxpayer. Also there would be rules for...
by William Horan | Feb 20, 2014 | Critical Elements, Process, Qualified Intermediary, Regulations
Qualified Intermediary Safe Harbor The IRS established safe harbors to complete a 1031 exchange in accordance with the law. A key behind the safe harbor is to make sure the taxpayer does not actually or constructively receive proceeds or other property during an...
by William Horan | Aug 26, 2013 | Federal Law, State Law
Connecticut passes a QI law impacting qualified intermediaries. The law goes in effect October 1, 2013. More info and detials here https://www.1031.us/connecticut-passes-qi-law/
by William Horan | Aug 26, 2010 | Regulations, Reporting
1031 Exchange Addendum – Do you need one? There is no question that an assignment of the contract rights to the Qualified Intermediary (QI) must occur in the exchange process in the overwhelming majority of cases. It is clear in the IRS Regulation...
