Accruit Blog

Retain Like-Kind Exchanges in Tax Reform - Op-Ed

Excerpted from the Denver Business Journal, "Beware changes in 'like-kind' transactions under proposed federal tax reform":

Rarely do the interests of small businesses owners and a broad range of local entrepreneurs agree with almost a century of federal income tax policy – especially when it results in billions of dollars in taxes being paid.

Five Years of 100% Expensing Not Worth Repeal of Like-Kind Exchanges

The new tax bill unveiled today by House Republicans proposes to repeal like-kind exchanges for personal property. In its place, the bill provides for 100% expensing of property, however this provision is only temporary, sun-setting after five years. 100% expensing may be extended, as other unrelated provisions have in the past, but the uncertainty makes long-term planning difficult for businesses.

How Federally Declared Disasters Affect 1031 Exchanges

With so many weather-related natural disasters occurring with seemingly increasing frequency, let’s take a look at how such disasters affect persons seeking to complete exchange transactions. While the safe harbor timelines for conventional forward exchanges and for reverse exchanges are strictly enforced, there is some relief afforded in the event of a federally declared disaster in the form of time granted. The applicability of a particular federally declared disaster can be found on the IRS website, which provides news releases covering disaster events.

Accruit Partners with Evergreen for Loan and Contract Servicing Business

Accruit has entered into an agreement with Evergreen Note Servicing, an independent loan servicing company in Puyallup, Washington, to collaboratively manage loan and contract servicing escrow business.

Tax Code Sections 1031 and 1033: What's the Difference?

United States tax code sections 1031 and 1033 are sometimes confused by taxpayers as they are similar, not only in section number, but in that they were both created to provide for tax deferral of depreciation recapture and capital gains on the sale of property, but that's where their similarity ends. Sections 1031 and 1033 differ materially in:

Capitol Hill Visit and the Unified Framework for Tax Reform

Last week, the "Big Six" released a new tax proposal titled the "Unified Framework for Fixing our Broken Tax Code." While laying out broad principles for tax reform, the Framework is lacking in details and does not speak specifically to the preservation or repeal of 1031 like-kind exchanges.

Succeeds Prize to Award $100,000 to Colorado Educators

Accruit is proud to help underwrite The Succeeds Prize, which tonight will recognize and reward educators doing extraordinary work across Colorado with more than $100,000 in cash prizes. The Succeeds Prize is a partnership between Colorado Succeeds and 9NEWS/KUSA. and tonight's inaugural event will be co-hosted by Colorado Governor John Hickenlooper and Lt. Governor Donna Lynne. Accruit CEO Brent Abrahm is co-chair of the Colorado Succeeds Board of Directors

Accruit Expands Brand Identity

Accruit, LLC, a leading provider of like-kind exchange and special member services, today launched a brand redesign reflecting the company's transition from a qualified intermediary to a diversified financial technology (FinTech) service provider.

1031 Exchanges on the Commercial Real Estate Show

In this episode of The Commercial Real Estate Show, Michael Bull speaks with a panel of experts about tax reform and the likelihood of repeal of 1031 like-kind exchanges from the tax code. Michael is joined by:

FEA 2017 Annual Conference

We're looking forward to joining other Federation of Exchange Accommodator (FEA) members in San Diego to discuss issues relevant to like-kind exchanges and the 1031 industry at the FEA's annual conference from September 13-15.

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