********************NOTICES REGARDING 2017 HURRICANES********************
AFFECT UPON ONGOING LIKE-KIND EXCHANGES:
The IRS has a procedure in cases of natural disasters (following a Presidential disaster declaration) to provide certain taxpayers with relief from the normal deadlines for the completion of like-kind exchanges under Section 1031 IRC.
For Hurricane Irma, the President declared that all counties in Florida are federal disaster areas, as of September 4, 2017. "Affected Taxpayers" may receive an extension of 120 days (or until January 31, 2018, whichever is later) to the 45-day identification deadline and the 180-day exchange period.
Contact us for additional information as to the affect of such relief on your ongoing exchange under these regulations.
Florida Exchange provides qualified intermediary services, which are non-legal services, to taxpayers seeking to complete like-kind exchanges under Section 1031 of the Internal Revenue Code. Florida Exchange is an independent corporate intermediary and facilitates simultaneous, deferred and reverse exchanges.
Attorneys’ Title Fund Services, LLC ("The Fund") provides custodial escrow services, through Old Republic National Title Insurance Company, for our 1031 Program.
Florida Exchange is a member of the Federation of Exchange Accommodators (FEA), the educational and trade association for Qualified Intermediaries.
Phone: 561-998-8047; [Toll free: 888-333-2889]
We are dedicated to providing the highest quality qualified intermediary services, with knowledgeable insight into exchange structuring, timely delivery of exchange documents, and security for money and documents delivered to us.
Feel free to contact us with questions about like-kind exchanges, or to obtain written information.
To contact Florida Exchange:
Persons interested in like-kind exchanges should always seek tax advice.
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