05/28/2021 / News
Tax Reform News Alert: Biden Administration Proposes to Retroactively Raise Capital Gains Taxes
Updated June 1, 2021 A Potential Retroactive Hike on Capital Gains Tax Rates? On May 28th, 2021, the United States Department of the Treasury published the "Greenbook" for the Biden...
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05/17/2021 / News
The American Families Plan: A Problematic Proposal for Real Estate Investors
By: Legal 1031 Exchange Services, LLC Todd R. Pajonas, Esq., President James T. Walther, Esq., LL.M., General Counsel Over the past year, there has been growing speculation regarding the...
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05/07/2021 / News
1031 EXCHANGE ALERT: INFORMATION AND FACT SHEET “THE 2021 AMERICAN FAMILIES PLAN”
Updated June 3, 2021 Over the past year, there has been growing speculation regarding the potential tax policies of a Biden White House and how they may affect real estate....
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05/06/2021
1031 Exchange Identification Rules and Identification Period
Identification Rules and Identification Period The Exchanger has 45-days from the date of the sale of the relinquished property to identify the potential replacement properties. The identification is a written...
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03/30/2021 / News
PLR 202053007 THE IRS APPROVES NON-RECOGNITION TREATMENT FOR A SERIES OF RELATED PARTY EXCHANGE TRANSACTIONS
1031 EXCHANGE NEWS ALERT: PLR 202053007 THE IRS APPROVES NON-RECOGNITION TREATMENT FOR A SERIES OF RELATED PARTY EXCHANGE TRANSACTIONS By: James T. Walther, Esq., LL.M., General Counsel, Legal 1031...
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03/30/2021 / News
1031 EXCHANGE NEWS: It’s Baaack – Pennsylvania Reintroduces the Small Business Tax Reform Package for the 2021-22 Legislative Session
1031 EXCHANGE NEWS: It's Baaack - Pennsylvania Reintroduces the Small Business Tax Reform Package for the 2021-22 Legislative Session By: James T. Walther, Esq., LL.M., General Counsel, Legal 1031...
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03/16/2021 / News
The Political Path to Repeal the 1031 Exchange
Most real estate investors feel strongly that 1031 exchanges remain a target for repeal or limitation. By Todd R. Pajonas, Esq. President Joe Biden’s election has renewed the discussion as...
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02/25/2021 / News
1031 EXCHANGE UPDATE: TAX RELIEF FOR TEXAS
1031 EXCHANGE UPDATE: TAX RELIEF FOR TEXAS THE IRS ISSUES DISASTER RELIEF FOR TAXPAYERS AFFECTED BY SEVERE WINTER STORMS IN TEXAS By: James T. Walther, Esq., LL.M., General Counsel,...
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01/19/2021 / News
What is the 3.8% “MEDICARE TAX” or NET INVESTMENT INCOME TAX (“NIIT”)?
Many investors selling real estate or other high value investments are often surprised to find out that their tax liability could be subject to an extra 3.8% Surtax in addition...
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12/09/2020 / News
1031 EXCHANGE UPDATE: The IRS and Treasury Release Final Regulations Defining “Real Property” for purposes of IRC Section 1031 Exchanges
By: James T. Walther, Esq., LL.M.; David J. Feeser, Esq.; Todd R. Pajonas, Esq. If you are an attorney, or accountant, or a commercial real estate professional, you may have...
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