1031 Tax Deferred Exchange Stuff

1031 Exchange Workshop
It’s Not Just Another 1031 Exchange Seminar — It’s a Workshop!

See all of our 1031 exchange seminar programs.

Intermediate Level 1031 Exchange Workshop

This is an intermediate level workshop on forward, reverse and improvement (build-to-suit or construction) 1031 exchange transactions pursuant to Section 1031 of the Internal Revenue Code and Section 1.1031 of the Treasury Regulations.

1031 Exchange Workshop Content

The educational workshop will begin with an introduction to various tax-deferral and tax-exclusion strategies, including combining Section 1031 with Section 121.  The discussions will focus on the requirements, structures, processes, strategies, and compliance issues necessary to successfully complete a 1031 exchange transaction.  We will finish with an explanation of the new fractional ownership opportunities of tenant-in-common property interests (TIC or CORE Interests) used as like-kind replacement property solutions pursuant to Revenue Procedure 2002-22.

Who Should Attend?

Anyone interested in gaining a more in-depth understanding of the processes and requirements for completing successful 1031 exchange transactions, including investment property owners (taxpayers/investors), accountants, attorneys, corporate officers, certified financial planners and real estate agents and brokers (Realtors©).

Continuing Education Credit (CE Credit)

Two (2) hours of continuing education credit will be provided to:

• California real estate agents/brokers
• Certified Public Accountants (CPAs)
• Certified Financial Planners (CFPs).

Speakers

William L. Exeter
President and Chief Executive Officer
Exeter 1031 Exchange Services, LLC

Lewis Savage

Principal

SCI Real Estate Investments

Adam Bryan

Senior Vice President, Regional Director

SCI Real Estate Investments 

RSVPs Required: Limited Seating

Click here for more information, location and to RSVP

Do you invest in real estate?  If so, you might already be familiar with the tax-deferred exchange.  The tax-deferred exchange lets you sell rental property and defer the payment of your taxes on your profit by buying other rental property. 

Tax-deferred exchange transactions are structured using a Qualified Intermediary, often referred to as an Accommodator or Facilitator, to prepare the legal agreements for the tax-deferred exchange and to hold the taxpayer’s exchange proceeds or funds during the tax-deferred exchange. 

The important thing for taxpayers to know is that these Qualified Intermediaries do not licenses.  There is no requirement for them to be licensed.  None at all.  It’s true! Anyone can set-up a Qualified Intermediary and start a tax-deferred exchange business.

Taxpayers need to know what to look for in and how to interview for a Qualified Intermediary.  You should visit The 1031 Exchange Institute for more information about 1031 exchnges, including what to look for in a Qualified Intermediary.

The search for your Qualified Intermediary is critical, so do your homework first. 

Fed Funds Interest Rate Unchanged

The Federal Reserve left the closely watched Fed Funds interest rate unchanged at 2.00%.  This is the first time that the Federal Reserve has not lowered rates since last summer. 

Federal Reserve Did Express Concern Over Inflation Worries

Mounting concern was also expressed about inflation and inflation expectations by the Federal Reserve, but there was no hint of an imminent rise in the Fed Funds interest rates at this point in time. 

This is a very common issue.  Taxpayers run out of time and need to push out their 1031 exchange deadlines so that they have more time to identify replacement property to buy.  It is usually in a state of panic because the taxpayer is right at their 45 day deadline. 

45 Day ID Deadline

The 45 calendar day deadline to identify the replacement property that you are considering acquiring is a very short window of time.  Unfortunately, there is no way to postpone the 1031 exchange identification or completion deadlines. 
1031 Exchange Due Dates

1031 exchange deadlines or due dates are actually part of the tax code or laws, and as such can not be changed without intervention from Congress.  The IRS does not even have the authority or ability to change, alter or postpone the 1031 exchange day deadlines.  So, unfortunately, your 1031 exchange deadlines are set in stone and can not be postponed or pushed out for any reason. 

The one exception is when a natural disaster strikes such as a fire, flood, hurricane, etc. 

1031 Exchange and TIC Investment Property Seminar in Fresno, California

We are rolling out a 1031 exchange and TIC investment property seminar on Friday, June 13, 2008 in Fresno, California from 11:30 AM to 2:00 PM. 

Speaker
You can learn the basics of 1031 exchanges from Steve Monk, vice president and regional manager, EXETER 1031 Exchange Services, LLC.  There will also be a registered securities representative presenting 1031 TIC investment properties and more.

Lunch Provided
Lunch will be served.  Attendees must be accredited investors.  RSVPs are required.