by William Horan | Aug 26, 2013 | Federal Law, State Law
Connecticut passes a QI law impacting qualified intermediaries. The law goes in effect October 1, 2013. More info and detials here https://www.1031.us/connecticut-passes-qi-law/
by William Horan | Aug 26, 2010 | Regulations, Reporting
1031 Exchange Addendum – Do you need one? There is no question that an assignment of the contract rights to the Qualified Intermediary (QI) must occur in the exchange process in the overwhelming majority of cases. It is clear in the IRS Regulation...
by William Horan | Aug 8, 2010 | Criteria, Qualified Intermediary, Regulations
For close to two decades our firm, Realty Exchange Corporation, has been involved with IRS Internal Revenue Code Section 1031 and like-kind exchanges on a daily basis. During this time we have been involved with educating folks on how to do a like-kind exchange in...
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 | Criteria, Qualified Intermediary, Regulations
By Ed Horan, Certified Exchange Specialist® Why do you need a qualified intermediary to do a tax-deferred exchange? In 1991 the IRS established the requirement for a qualified intermediary (QI) in their regulation on Section 1031 of the Internal Revenue Code. The...
by William Horan | Jan 1, 2008 | Extensions, Reporting, Vacation Homes
By: Ed Horan, Certified Exchange Specialist® It is a stretch to see the connection between hurricanes and like-kind real estate exchanges. But the IRS has found an important one. In January of last year the IRS published Revenue Procedure 2004-13 which provided...
