News

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....

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,...

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...

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...

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,...

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...

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...

By: James T. Walther, Esq., LL.M., General Counsel, and Todd R. Pajonas, Esq., President, Legal 1031 Exchange Services, LLC The answer to this question is “it depends.” For some items,...