07/21/2022 / News
1031 EXCHANGE NEWS UPDATE: Pennsylvania Conforms its State Tax Code to Federal §1031
By: James T. Walther, Esq., LL.M. General Counsel, Legal 1031 Exchange Services, LLC Summary: Pennsylvania now recognizes 1031 Exchanges for individuals and partnerships. For tax years beginning after December...
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03/31/2022 / News
Truist Insurance Holdings, Inc. acquires Kensington Vanguard National Land Services, LLC and Legal 1031 Exchange Services, LLC
445 Broad Hollow Road, Suite 25 Melville, NY 11747 p 877.701.1031 f 877.703.1031 March 28, 2022 Truist Insurance Holdings, Inc. acquires Kensington Vanguard National Land Services, LLC and Legal 1031...
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01/24/2022 / News
1031 Exchange Update: Avoid a Tax Season Trap by Preserving Your 180 day Exchange Period
IRC Section 1031 requires that taxpayers acquire all replacement property by the earlier of 180 days from the sale of the relinquished property or the Federal tax return due date...
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01/08/2022 / News
Update on 1031 Tax Relief for Hurricane Ida NY, NJ, PA, CT, LA, and MS
Updated January 2022 due to IRS revisions/extensions Hurricane Ida made landfall on August 29th, 2021, and the IRS issued tax relief to those who reside, or who have businesses located...
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12/09/2021 / News
LEGAL 1031 END OF YEAR UPDATE AND DECEMBER CONTINUING EDUCATION CLASS ANNOUNCEMENT
LEGAL 1031 END OF YEAR UPDATE AND DECEMBER CONTINUING EDUCATION CLASS ANNOUNCEMENT We hope everyone is enjoying the start to their Holiday Season! Please find year end updates and announcements...
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09/24/2021 / News
Real Estate Breathes a Sigh of Relief as Proposed Changes to Section 1031 and to the Step Up in Basis are Absent from Current Reconciliation Bill
1031 Exchange News: Tax Reform Update By: Todd R. Pajonas, Esq., President September 20, 2021 News out of Washington this week indicates a positive outlook for Section 1031 exchanges to...
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09/14/2021 / News
1031 Exchange Update – Tax Relief for areas affected by Hurricane Ida: NY, NJ, PA, LA, and MS and Tax Relief for areas affected by the California Wildfires
Updated October 26, 2021 By: James T. Walther, Esq., LL.M. General Counsel, Legal 1031 Exchange Services, LLC Hurricane Ida - Tax Relief for affected taxpayers in New York, New Jersey,...
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08/16/2021 / News
1031 Tax Reform News Update: SENATE “VOTE – A – RAMA” 1031 AMENDMENT SEEN AS A POSITIVE BY 1031 EXCHANGE ADVOCATES
By: James T. Walther, Esq., LL.M. General Counsel, Legal 1031 Exchange Services, LLC The Senate adopted initial budget amendments on August 10 for the fiscal year 2022 in a late...
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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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