News
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,...
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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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1031 EXCHANGE UPDATE: The IRS and Treasury Release Final Regulations Defining “Real Property” for purposes of IRC Section 1031 Exchanges
12/09/2020
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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1031 Exchange Insights: Filing an Extension of a Tax Return due date to Preserve your 180-day Exchange Period
11/23/2020
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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What Transactional Costs can I Pay with my 1031 Exchange Funds?
11/05/2020
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,...
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A 1031 Exchange is not a “tax loophole” or a “tax dodge.” It is a tax benefit that helps fuel the economy.
10/08/2020
By: James T. Walther, Esq., LL.M. Legal 1031 Exchange Services, LLC Presidential candidate Joe Biden recently announced his proposed tax plan, which seeks to fund a $775 billion child and...
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