How to Help Prevent the Repeal of 1031 Exchanges

In March, the Like-Kind Exchange Coalition, comprised of representatives from real estate, equipment rental, car rental, energy and QI organizations met in Washington D.C. with two purposes. The first was to announce the results of the comprehensive E&Y study examining the impact a repeal of 1031 like-kind exchanges would have on the economy. The second was to schedule as many meetings possible with members of the Senate Finance and House Ways & Means committees during the three days that we were in D.C. The number of meetings turned out to be 60 and included meetings the Chief of Staff of the Joint Committee on Taxation, senior staff of the Chairman of the Senate Finance Committee, and the senior tax policy writers for the House Ways & Means Committee.

1031 Like-Kind Exchange Impact Study Results Released

On Tuesday, March 17, the Section 1031 Like-Kind Exchange Coalition released the results of a study that examines the impact of the repeal of 1031 like-kind exchanges (LKEs). The study, which was conducted by Ernst & Young, concluded that the impact of 1031 repeal would be a slowing of economic growth and a reduction in GDP.

A Call to Action: Tell Congress Not to Repeal §1031 Exchanges

A message from our President & CEO, Brent Abrahm: As I have communicated over the last nine months, repeal of 1031 like-kind exchanges is a topic of discussion in Washington DC as part of overall tax reform. As co-chair of the Federation of Exchange Accommodator's (FEA’s) Government Affairs Committee, we are making great progress in one-on-one discussions with our Congressmen and women. Our arguments for retaining 1031s are solid and are being heard. Based upon 90 plus years of strong tax policy supporting the continuation of IRC § 1031, members of Congress are beginning to understand that taxing cash flow is NOT good tax policy.

Steve Chacon & Brent Abrahm to Speak at the Federation of Exchange Accommodators' Rocky Mountain Regional Meeting

The Federation of Exchange Accommodators (FEA) Rocky Mountain Regional Meeting is bening held in Denver, CO on June 6th.

Steve Chacon, Accruit's Senior Managing Director and FEA Treasurer, will discuss related party exchanges as well as the exceptions allowed in recent Rev. Proc. 2014-3.

2013 FEA Annual Conference

As part of Accruit’s ongoing efforts to promote 1031 Like-Kind Exchanges (LKE), we were busy as ever at the annual Federation of Exchange Accommodators’ (FEA) annual conference, which was hosted in Denver earlier this month.

With one of the largest turnouts in years, we’re pleased to announce that the 1031 LKE market is on the rebound after the recent economic crisis, especially in regards to real estate exchanges. With no gains to defer, FEA members had been reporting as few as 1 or 2 transactions all year. Now, with property values on the rise, taxpayers are increasingly looking to defer gains through LKEs upon the sale of their investment and business use assets.

Accruit Senior Managing Director Steve Chacon Appointed Treasurer of Federation of Exchange Accommodators

New Appointment Reinforces Accruit Team’s Commitment and Leadership Role in Serving the 1031 Exchange Market

Denver, CO – September 13, 2013 – Accruit, LLC, the nation’s leading provider of qualified intermediary (QI) and 1031 Like-Kind Exchange (LKE) program solutions, is pleased to announce that its Senior Managing Director, Steve Chacon, has been appointed Treasurer of the Federation of Exchange Accommodators (FEA) and will serve on its Board of Directors.

The FEA, which was formed in 1989, is the LKE industry’s governing body and the only national trade association organized to represent professionals who conduct LKEs under Internal Revenue Code §1031, including QIs, their primary tax and legal counsel, and affiliated industries.

FEA calls Federal regulation of Exchange Facilitators in financial reform bill a good start

Industry's only trade association supports strong regulation, looks forward to working with Consumer Financial Protection Bureau to craft consumer protection measures

President Obama is slated to sign the Consumer Financial Protection Act of 2010 (CFPA) into law in the coming days, and the Federation of Exchange Accommodators (FEA) believes the move is an important first step toward assuring comprehensive protection for all consumers. The FEA, the trade association representing the exchange facilitator industry, says it looks forward to working with the Consumer Financial Protection Bureau to develop regulations governing exchange facilitators, also known as Qualified Intermediaries, who facilitate tax-deferred exchange transactions under Internal Revenue Code §1031. Regulations are needed especially with respect to the security of client funds.

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