Accruit & PwC Participate in AED Washington Fly-In, April 4-6, 2017

Soon, Congress will propose sweeping tax reform legislation. The new tax policies will have a direct bearing on the heavy equipment industry and play a big role in how equipment dealers operate.

Accruit and PwC will again join the effort as the AED's Preferred Providers of Refers to the "nature or character" of the property and not to its "grade or quality." That is, real property held for investment or the productive use in a trade or business may generally be exchanged on a tax-deferred basis for other real property. Personal property held for investment or the productive use in a trade or business may generally be exchanged on a tax-deferred basis for other personal property, provided the personal property is of "like kind" or "like class." Professional tax advice should be obtained when planning exchanges. Like-Kind Exhanges to advocate on behalf of AED members for sensible, pro-growth tax policies that benefit American businesses. Accruit CEO, Brent Abrahm, and PwC Tax Partner, Dave Fowler, will spend the three days at the 2017 AED Washington Fly-In meeting with policymakers to discuss the positive impact that 1031 like-kind exchanges have on the U.S. heavy equipment industry.

In addition, Fowler will be featured on the AED’s Tax Policy Panel where he will join leading policy experts to discuss the status of comprehensive tax reform and the positive effects of retaining 1031 like-kind exchanges moving forward.

Contact Brent Abrahm with any questions about 1031 advocacy efforts and how you can help.