Estate Planning With Section 1031 Exchanges: Structuring Like-Kind Exchanges of Investment Property
Complying with Complex IRS Requirements to Achieve Short- and Long-Term Tax Savings
Recording of a 90-minute CLE/CPE webinar with Q&A
This CLE/CPE course will guide estate planning counsel through structuring IRC 1031 exchanges that allow clients to defer paying capital gains tax on the sale of investment property. The panel will explore opportunities for taking advantage of this under-utilized planning strategy and outline the myriad rules that govern 1031 exchanges and the precise steps and timeline required to avoid unwanted tax consequences.
- Overview of Section 1031 exchange requirements
- Use of Section 1031 exchanges in planning
- Real estate
- Other business and investment property
- Review of relevant IRS guidance and court rulings
The panel will review these and other key issues:
- What types of exchanged properties are more likely to be considered sufficiently like-kind to receive tax deferral?
- What types of individuals or entities can serve as qualified intermediaries?
- What common errors will result in the IRS disallowing an exchange?
- How the “same taxpayer” requirement can complicate exchanges for partnerships, married couples, estates and trusts.
David M. Hellman, CPA
Law Office of David M. Hellman
Mr. Hellman has been involved in structuring and facilitating Internal Revenue Code section 1031 exchanges since... | Read More
Mr. Hellman has been involved in structuring and facilitating Internal Revenue Code section 1031 exchanges since the early 1980s. In 1984 he formed Marin County Exchange Corporation to act as a Qualified Intermediary. Since that time he has facilitated over 3,000 Deferred Exchanges (also known as Delayed Exchanges and Starker Exchanges), Reverse Exchanges, and Simultaneous Exchanges.Close
Senior Vice President
Investment Property Exchange Services
Mr. Miiller focuses on all types of 1031 Tax Deferred Exchanges and transactions involving real property, personal... | Read More
Mr. Miiller focuses on all types of 1031 Tax Deferred Exchanges and transactions involving real property, personal property, reverse and build-to-suit. He previously was a practicing real estate law attorney and a mortgage banker. As an attorney he represented buyers, sellers, homebuilders and developers in commercial and residential transactions ranging from multi-million dollar shopping centers to single-family homes. He is a frequent lecturer to accountants, attorneys, financial planners, and real estate brokers and agents on the subject of 1031 exchanges. He also teaches accredited continuing education courses in Arizona, Colorado, Nevada, New Mexico, Texas and Utah.Close
Stephen L. Robison, JD, LLM
Strategic Property Exchanges
Mr. Robison is a Board Certified Specialist in Federal Taxation Law by the Ohio State Bar Association and is a... | Read More
Mr. Robison is a Board Certified Specialist in Federal Taxation Law by the Ohio State Bar Association and is a full-time practicing Qualified Intermediary. He is a tax attorney with more than 25 years of legal experience and over 21 years of exchange experience. In addition, he is a Certified Exchange Specialist (CES®) through the Federation of Exchange Accommodators.Close