10/05/2020
The IRS Issues CV-19 Tax Relief for Delaware Statutory Trusts, a Common Investment Option for 1031 Exchange Investors
By: James T. Walther, Esq., LL.M. Interests in Delaware Statutory Trusts (“DSTs”) are commonly purchased as replacement properties by 1031 investors. The IRS allows these fractional interests in an investment trust...
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09/16/2020 / News
1031 EXCHANGE UPDATE- IRC 1031 EXCHANGES AND DISASTER RELIEF 2020
THE IRS ISSUES DISASTER RELIEF FOR HURRICANE LAURA, CALIFORNIA WILDFIRES, AND OTHER RECENT DISASTERS By: James T. Walther, Esq., LL.M., General Counsel, Legal 1031 Exchange Services, LLC As we get...
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09/01/2020
CV-19 Disaster Relief Update
The IRS Finally Clarifies its April Guidance Providing Extensions for 1031 Exchange Deadlines On August 11, 2020, the IRS published an FAQ on its website finally clarifying that Notice 2020-23...
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05/21/2020 / News
1031 Exchange Update: California FTB’s Failure to Withhold Penalties for 1031 Exchange Rescue Transactions/QIs are in Effect as of March 24, 2020
By: James T. Walther, Esq., LL.M., General Counsel Legal 1031 Exchange Services, LLC Updated May 21, 2021 The California Franchise Tax Board (“FTB”) recently emphasized its position on installment note...
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04/22/2020 / News
Ambiguous 1031 Exchange Extension Notice puts QIs and Exchangers in an awkward position
By David J. Feeser, Esq. and James T. Walther, Esq., LL.M The commercial real estate industry is in uncharted waters due to the impact of the COVID-19 pandemic. The economic...
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04/14/2020 / News
It’s a Struggle to Understand the IRS’ Guidance for 1031 Extensions
Unfortunately, this much-needed announcement has been marred by a departure from standard language, causing tax and legal professionals to debate the nature of the relief that the Notice granted. By...
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04/10/2020
Covid-19 Extension for 1031 Exchanges and Opportunity Zones
The IRS published Notice 2020-23 on April 9, 2020, which provides, among other items, an extension of the 1031 Exchange and Opportunity Zone deadlines, as a result of the Covid-19...
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04/08/2020
Net Lease Investors Hope IRS Will Grant Extensions Amid the Coronavirus
While a rumored extension seems likely, investors should take a conservative approach and proceed as if no extension will be granted, with the understanding that they may get lucky. By...
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04/08/2020 / News
Eagerly awaiting a Covid-19 extension for 1031 Exchanges
by Todd R. Pajonas, Esq, Matthew K. Scheriff, CPA and James T. Walther, Esq., LL.M. A 1031 exchange is a tax strategy used by real estate investors to defer capital...
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03/31/2020 / News
Potential Covid-19 Extension for 1031 Exchanges
For those real estate investors currently involved in a 1031 exchange one of the most pressing questions is “will there be an extension of the 45 day identification period and...
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