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
09/24/2021
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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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
09/14/2021
Updated October 26, 2021 Hurricane Ida - Tax Relief for affected taxpayers in New York, New Jersey, Pennsylvania, Louisiana, and Mississippi Hurricane Ida made landfall on August 29th, 2021, and...
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1031 Tax Reform News Update: SENATE “VOTE – A – RAMA” 1031 AMENDMENT SEEN AS A POSITIVE BY 1031 EXCHANGE ADVOCATES
08/16/2021
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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Tax Reform News Alert: Biden Administration Proposes to Retroactively Raise Capital Gains Taxes
05/28/2021
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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The American Families Plan: A Problematic Proposal for Real Estate Investors
05/17/2021
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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1031 EXCHANGE ALERT: INFORMATION AND FACT SHEET “THE 2021 AMERICAN FAMILIES PLAN”
05/07/2021
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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PLR 202053007 THE IRS APPROVES NON-RECOGNITION TREATMENT FOR A SERIES OF RELATED PARTY EXCHANGE TRANSACTIONS
03/30/2021
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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1031 EXCHANGE NEWS: It’s Baaack – Pennsylvania Reintroduces the Small Business Tax Reform Package for the 2021-22 Legislative Session
03/30/2021
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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The Political Path to Repeal the 1031 Exchange
03/16/2021
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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1031 EXCHANGE UPDATE: TAX RELIEF FOR TEXAS
02/25/2021
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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