News Archive - Legal1031

September 16, 2020

1031 EXCHANGE UPDATE- IRC 1031 EXCHANGES AND DISASTER RELIEF 2020

The IRS Issues Disaster Releif 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...

May 21, 2020

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...

April 22, 2020

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...

April 14, 2020

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...

April 8, 2020

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...

March 31, 2020

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...

September 10, 2019

California Selectively Conforms to Changes to IRC Section 1031 Made by the Tax Cuts and Jobs Act, but Still Leaves Opportunity Zones on the Sidelines for Now

James T. Walther, Esq., LL.M. General Counsel Legal 1031 Exchange Services, LLC September 10, 2019 With the recent enactment of AB-91 “Loophole Closure and Small Business and Working Families Tax...

April 8, 2019

News

1031 EXCHANGE UPDATE- IRC 1031 EXCHANGES AND DISASTER RELIEF 2020

1031 Exchange Update: California FTB’s Failure to Withhold Penalties for 1031 Exchange Rescue Transactions/QIs are in Effect as of March 24, 2020

Ambiguous 1031 Exchange Extension Notice puts QIs and Exchangers in an awkward position

It’s a Struggle to Understand the IRS’ Guidance for 1031 Extensions

Eagerly awaiting a Covid-19 extension for 1031 Exchanges

Potential Covid-19 Extension for 1031 Exchanges

California Selectively Conforms to Changes to IRC Section 1031 Made by the Tax Cuts and Jobs Act, but Still Leaves Opportunity Zones on the Sidelines for Now

10 Common Misconceptions About 1031 Exchanges

The PA Legislature Reintroduces Small Business Tax Reform Package

Investing in Opportunity Zones

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