Proposed Regulations on Section 1031 Exchanges

    On June 11, 2020, in response to changes created by the Tax Cuts and Jobs Act of 2017 (“TCJA”), the IRS released much anticipated guidance for 1031 exchanges in the form of proposed regulations. In the regulations, the IRS addresses the definition of “real property” since 1031 exchanges are now [...]

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      Major Provision in New Tax Laws

      In the past 12 months (starting late December 2017), we have seen perhaps the most significant changes to tax laws since the last major tax reform in 1986. These changes came from all three branches of the government. Congress passed the “Tax Cuts and Jobs Act of 2017” (“TCJA”) and the President [...]

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