IRC 1031 Exchanges and Disaster Relief
With 2018 hurricane season upon us, it is important for exchangers to understand the effects of Federally declared disasters, like Hurricanes Florence and Michael, on the strict deadlines for completing a 1031exchange. For delayed exchanges, the 1031 rules set two time periods for a total deadline of 180 calendar days to close escrow on replacement […]
David Feeser, Esq. CLE Presentation
Continuing Legal Education Presentation on Representing an IRC 1031 Client QUALIFIED David J. Feeser, Esq. Exchange Director for Legal 1031 Exchange Services, Inc. gave a presentation at the Springfield branch of Flushing Bank on June 19, 2018 to attorneys and other interested parties on representing clients that want to execute a 1031 exchange. The presentation […]
It is never too early to prepare for a 1031 Exchange
It is never too early to prepare for a 1031 exchange. There are many options that should be considered when planning for an exchange. Advance planning can help the process go smoother and provide better results for the exchanger. The financial, legal and accounting aspects of the transaction should be considered prior to the sale […]
Legal 1031 Exchange Services, Inc. welcomes Feeser as Exchange Director
New York, NY Legal 1031 Exchange Services, Inc. has welcomed David Feeser, Esq., as its new exchange director. Feeser joined in March 2018 and has been utilizing his knowledge, experience and skills to benefit the company’s clients. Feeser is a member of the New York and Colorado Bar Associations. He has been an attorney for over […]
How the Tax Code Rewrite Favors Real Estate Over Art
By Paul Sullivan Jan. 12, 2018 Of the many winners and losers in the overhaul of the tax code, one change makes real estate investors the biggest beneficiaries, while art collectors seem to have drawn the short straw. Real estate investors were given a gift after Congress voted to maintain what are known as 1031 exchanges, […]
Potential For Repeal Of Section 1031
AUGUST 4, 2017 | BY TODD R. PAJONAS The elimination of 1031 exchanges would most likely only occur with true tax reform, where portions of the code are rewritten or eliminated, Todd R. Pajonas writes in this EXCLUSIVE commentary. MELVILLE, NY—You might think that the current efforts to repeal or reform the Affordable Care Act have nothing to do […]