by William Horan | May 29, 2010 | State Law, Tax Impact, VA QI Law
Virginia has passed House Bill 417 the Exchange Facilitators Act and it has been signed by Governor McDonnel. The bill become effective July 1, 2010. Link to the VA Bill: Exchange Facilitators Act §1031 of the Internal Revenue Code permits a taxpayer to exchange...
by William Horan | May 17, 2010 | Reinvestment Requirements
Many of our clients strategize to exchange investment rental property into another new investment rental property, in a great location like the Outer Banks, which they will eventually convert into a primary residence. This powerful tax strategy takes planning but...
by William Horan | Aug 8, 2008 | Exchange Defined, Tax Impact
By: Ed Horan, Certified Exchange Specialist® Are you in a situation where you must go to settlement on your investment replacement property but you cannot sell your relinquished property or the buyer is not ready to go to settlement? Due to the current market we are...
by William Horan | Jan 1, 2008 | Federal Law, Regulations, Related Parties, Reporting
By Ed Horan, Certified Exchange Specialist® Basic Rule While not specifically stated in IRC 1031 a basic rule when doing a like kind exchange is that there must be continuity of title. This is often called the “same taxpayer rule”. It means that title to the interest...
by William Horan | Jan 1, 2008 | AlwaysSafe, Qualified Intermediary, Security
By Ed Horan, Certified Exchange Specialist® The objective in risk management is to do your job as professionally as possible, while at the same time reducing your collateral risks. In other words, don’t create unnecessary risks and liabilities for yourself while just...
