Choosing a Qualified Intermediary (QI) is an important decision, and as such, the process shouldn't be taken lightly. After all, your QI will be guiding you through a maze of federal and state requirements as well as safeguarding the proceeds from the sale of your relinquished property. Given the potential tax consequences involved with an improperly structured exchange and the safety issues related to your proceeds, a ...
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Category: ‘1031 Exchange Tips’
1031 exchange tips: selecting the right QI
March 8th, 2010 by Steve Chacon1031 Single Exchanges: you don’t have to run a big program to benefit from like-kind exchanges
March 2nd, 2010 by Sam Smith1031 exchanges come in many varieties: simultaneous, forward delayed (single), reverse, improvement, and repetitive programs. They can be conducted with real estate, with tangible corporate assets, with collectibles and other personal investment assets, and even with some kinds of intangibles, such as licenses and mineral rights. As we've noted elsewhere, Accruit handles all kinds of 1031 exchanges and we provide the only comprehensive, fully integrated like-kind exchange (LKE) solution in the industry. We have historically made a name for ourselves ... (Read the rest of this entry)
Many dealers are eligible to use like-kind exchanges
February 10th, 2010 by Steve ChaconRecently, I've had a number of conversations addressing whether dealers, distributors or manufacturers are eligible to defer taxes through the use of like-kind exchanges (LKEs). For many, the answer is yes. To begin, let's look beyond the definitions we typically use to describe our businesses. By examining what type of property is specifically excluded from exchange treatment and then defining qualifying property, we can take a case-by-case approach to determine if a particular item, or group of items, can meet the ... (Read the rest of this entry)
Cost reduction strategies for the New Year: banking replacement properties
January 12th, 2010 by Steve ChaconCongratulations! By now you've completed your preliminary budgeting for the New Year. Practically speaking, you probably aren't quite there yet, but like many others, you're close to finalizing your 2010 numbers. Pondering the broader economy, analyzing the smaller markets and sprinkling in a little under-promising with a dash of over-delivering - we've all been through it before. And while many of us don't especially enjoy the budgeting process, we very much appreciate the value returned when we do it well. Although the ... (Read the rest of this entry)
Questions you should ask a 1031 exchange provider before you enter an agreement
January 6th, 2010 by Sam SmithThere are hundreds of 1031 like-kind exchange providers in the US, and any business looking to do LKEs, whether it's one single exchange or a huge program, is advised to ask a lot of questions to make sure they've found the best provider for their requirements. Some of these questions are probably obvious to any experienced businessperson. You're looking for a business with expertise in your industry (if you're exchanging heavy equipment, a qualified intermediary that has only done ... (Read the rest of this entry)
1031 exchanges and the agriculture industry
December 17th, 2009 by Sam Smith
AgProfessional.com has just published an article on 1031 like-kind exchanges (LKEs) and their value for the agriculture industry, and Accruit President/CEO Brent Abrahm is quoted extensively. Of particular interest to companies that are new to LKEs is a brief section outlining what to look for in a Qualified Intermediary or LKE solution provider.
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- Is the company a member of the Federation of Exchange Accommodators, the industry's professional trade organization?
- Will funds be held in dedicated accounts
Finance and leasing expert Joseph C. Lane on NOL carryback legislation: “We have more reason to be optimistic than we’ve had in quite awhile”
December 8th, 2009 by Sam Smith
Accruit's new Channel 1031 series recently spent a few minutes talking with our friend, noted finance and leasing industry expert Joe Lane, about the implications of the newly enacted NOL carryback legislation. Joe was pretty positive about the impact of the law, concluding that we have more reason for optimism than we've had in quite some time.
Here are a few of the highlights of the interview:
- Detailed overview of what exactly the law does
- Impact:
- $33.2B in immediate
New law extends Net Operating Loss carryback to five years and expands the benefit to cover all businesses
November 11th, 2009 by Brent Abrahm
On November 6, President Barack Obama signed into law the Worker, Homeownership, and Business Assistance Act of 2009 (Public Law Number P.L. 111-92). This legislation provides welcome relief for companies across a wide range of industries that are working to stabilize their businesses and prepare for the eventual recovery of the economy.
According to the official Senate Committee on Finance release:
The net operating loss carryback (NOL) provision is expanded to allow U.S. companies of ...
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New oil & gas case study illustrates quarter billion dollar tax benefit potential from 1031 exchanges
October 16th, 2009 by Sam SmithWe've noted the value of 1031 exchanges for the oil and gas industry, and have just completed a new case study based on an Accruit client. The results are staggering - since launching their like-kind exchange program, this energy giant has positioned itself to reap more than $250 million in cash flow benefit. In addition to the direct financial value, Accruit's patented process (the only one in the industry) and advanced technology platform have provided significant asset management benefits, ... (Read the rest of this entry)
1031 exchanges for corporate and commercial real estate: case study illustrates effectiveness, efficiency and value
September 28th, 2009 by Sam Smith
In some circles Accruit is known for the value it represents for businesses buying and selling "personal property" - that is, tangible, non-real estate assets. However, Accruit's patented 1031 process - the only patented like-kind-exchange (LKE) process in the nation* - provides our clients with a level of efficiency that other providers simply cannot match. So when we talk about maximizing your gain and minimizing your risk and administrative burden, we're talking ...
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