In June, two members of the House Agriculture Committee, Representative Bob Gibbs (R-OH) and Representative David Rouzer (R-NC), and 17 other congressmen and congresswomen wrote a letter to House Ways and Means Committee Chairman Kevin Brady (R-TX) urging the committee to help preserve 1031
like-kind exchanges. The letter, attached below, called Section 1031 "integral to [its] operations and ongoing vitality."
When selling or purchasing an investment property in a 1031 exchange, certain selling expenses paid out of the sales or 1031 exchange proceeds will result in a taxable event for the exchanger. Routine selling expenses such as broker commissions or title closing fees will not create a tax liability. Operating expenses paid at closing from 1031 proceeds will create a tax liability for the exchanger.
In November 2010, PwC and Accruit joined forces to provide comprehensive 1031 like-kind exchange (LKE) programs that combine PwC’s LKE tax and technology capabilities with Accruit’s qualified intermediary (QI) expertise.
With more than 30 years of like-kind exchange experience between them, the two companies deliver integrated 1031 like-kind exchange program services to more than 170 clients across 20 industries.
Accruit, the nation’s leading provider of qualified intermediary (QI) services and 1031 like-kind exchange (LKE) program solutions, is pleased to announce the addition of Dan Green as director of technology and operations.
Dan is a technical leader with 18 years of experience in software development, Agile coaching, and change facilitation. He holds a Bachelor of Arts degree from the University of Colorado at Boulder, and he maintains the certification of Scrum Master, Certified Scaled Agile Framework Consultant, GE Six Sigma Green Belt, and GE Change Acceleration Process (CAP) Facilitator.
Associated Equipment Distributors (AED) has announced that PricewaterhouseCoopers LLP (PwC US) and Accruit have been named the preferred providers of like-kind exchange (LKE) services to their membership. PwC and Accruit have both been supporting members of AED for over a decade and currently provide LKE services to 75 AED members.
Accruit, LLC, the nation’s leading provider of qualified intermediary (QI) services and 1031 like-kind exchange (LKE) program solutions, is pleased to announce the addition of Paul Holloway as director of real estate exchange operations.
A veteran of the 1031 industry, Paul comes to Accruit from Land Title Exchange Corporation where, for 24 years, he led the 1031 tax deferred exchange program and held the roles of real estate closer, 1031 exchange specialist, and vice president of the exchange corporation. He holds a Bachelor of Science degree in Finance from the University of Northern Colorado as well as the like-kind exchange industry’s Certified Exchange Specialist (CES®) designation.