From the Executive Director
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FEA Ethics Committee Updates Code of Ethics
The Board recently approved an updated version of the Code of Ethics – the updated version can be
found here. The Ethics Committee, with the input and guidance of the FEA Board, updated the Code of Ethics to include a clarification that referral fees need be disclosed to clients in writing. The updates also include revisions relating to the removal of personal property references in light of the Tax Cut and Jobs Act. If you have questions or are interested in serving on the Ethics Committee, please contact Mike Anderson at
Michael.Anderson@zionsbank.com or Julie Baird at
Juliebaird@firstam.com.
Speaking of ethics, do you have a situation or questions that you would like to discuss or issues that you’ve seen, heard of, or fear? David Gorenberg, Wilmington Trust 1031 Exchange LLC will be facilitating the ethics presentation at the annual conference. He would love to hear from you. Contact him
DGORENBERG@WilmingtonTrust.com or (302) 636-6584.
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Methods for Your Marketing Madness
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Besides running a business, managing employees and vendors, and keeping up with the latest in tax/regulatory issues, you need to be out there recruiting new customers and retaining your current clients. Marketing efforts of course include traditional promotion in print, radio, and TV. But in today’s world, we’ve added terms like digital media, web design, social media, digital creative, online advertising and more. Here is a quick cheat-sheet for what these services can do.
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Want to Learn More About Marketing Content?
Confused about Visuals and Brand Identity?
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The GAC news this month is all California.
Assembly Bill 91, The Loophole Closure and Small Business and Working-Class Families Tax Relief Act of 2019 became law on July 1, 2019. The law conforms California tax law to current Federal IRC 1031 (i.e. eliminating personal property exchanges),
except for taxpayers with AGI of less than $250,000 (individual) / $500,000 (joint filers). This means that smaller California taxpayers under those thresholds would still be able to receive tax deferral treatment
at the state level for like-kind exchanges of personal property. The text of the relevant section appears below the link to the full bill.
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CES
®
Exam Offered at Annual Conference
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The Fall 2019 CES® Exam will again be offered in conjunction with the FEA Annual Conference in New Orleans, LA. Sign up now, deadlines are fast approaching.
If you know of someone who is interested in applying to sit for the CES® exam in 2019, please pass this information on to them so they are aware of the deadlines, requirements and tips for studying.
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FEA 2019 Annual Conference Hitting Record Numbers
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FEA has designed its educational sessions to get into the meat of business including what’s happening in Washington DC, disaster relief, difficult 1031 exchange issues, economy predictions, cyber security and
much more!
And, FEA has already doubled its typical conference registration numbers compared to registration this time last year. It is expected to keep trending upwards!
Learn more and REGISTER TODAY
, space is filling fast!
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45 to 180 Day Extensions for Disaster Areas in Missouri and Texas
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Missouri:
The IRS has issued an extension for the Andrew, Atchison, Boone, Buchanan, Carroll, Chariton, Cole, Greene, Holt, Jackson, Jasper, Lafayette, Lincoln, Livingston, Miller, Osage, Pike, Platte, Pulaski, and St. Charles counties
beginning April 29, 2019.
Texas:
The IRS has issued an extension for the Cameron, Hidalgo and Willacy counties
beginning June 24, 2019.
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Membership Minute - You Are Our Best Sales Force!
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We have been asking members to reach out to non-members in their market suggesting they consider membership in the FEA. (Recall the contest announced in last month’s newsletter - $200 VISA gift card for first place; $100 VISA gift card for second place.)
What are the talking points for those conversations? Well, why did you join?
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Customers Bank, CB Private & Commercial Banking – NY
99 Park Avenue, Suite 1550
New York, NY 10016
(212) 843-2488 Phone / (212) 656-1444 Fax
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Effective 1031 Planning
3457 Binghurst Road
Suwanee, GA 30024
(888) 251-3004 Phone/ (888) 747-3269 Fax
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FEA thanks our Affiliate Members for their support of our FEA members and the 1031 exchange industry. In return, FEA members are encouraged to support our Affiliate Members.
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1031 Investment Services LLC
(845) 534-6818
Axos Bank
(858) 732-1381
Back Nine Apartment Investors
(773) 272-5020
BankUnited
(914) 305-9428
Cantor Fitzgerald & Co.
(917) 476-9393
Capital One
(631) 304-3061
Capital Square 1031
(804) 290-7900 Ext 132
Clark Wealth Strategies, Inc.
(402) 504-3531
Colorado Financial Service Corporation
(303) 962-7267
Customers Bank, CB Private & Commercial BKNG-NY
(212) 843-2488
Effective 1031 Planning
(888) 251-3004
ExchangeRight Real Estate, LLC
(855) 317-4448
Independent Bank of Texas
(469) 301-2791
Inland Real Estate Group
(630) 218-4953
Kay Properties & Investments, LLC
(310) 404-7297
Lockton Insurance Brokers, LLC
(415) 568-4106
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Luther Burbank Savings
(858) 436-1830
Meltzer, Lippe, Goldstein & Breitstone, LLP
(516) 747-0300
MUFG Union Bank, N.A.
(312) 601-3956
Nano Banc
(858) 880-5900
Northern Bank and Trust
(781) 569-1852
Passco Companies, LLC
(949) 263-7904
Peak Financial Company
(720) 443-4265
Peregrine 1031 Energy Partners
(214) 483-1997
Robbins May & Rich, LLP
(910) 692-4900
Seacoast Commerce Bank
(760) 550-2030
Signature Bank
(646) 822-1946
Stan Johnson Company
(646) 778-5560
Syndicated Equities
(312) 640-9028
TriState Capital Bank
(412) 304-0464
Umpqua Bank
(818) 254-3492
Wilmington Trust
(302) 636-6019
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Did you know…. During the months of July and August,
FEA is working on a membership blitz of sorts. We gather names/companies throughout the year and send them information and follow-up with phone calls. If you know someone who would benefit from membership in FEA, please contact
director@1031.com and let us know who we should send information or log onto
http://1031.org/FEA/Membership/FEA/Benefits.aspx? for join/new member information.
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The FEA 1031PAC contributes to Members of Congress of both political parties. The FEA 1031PAC is funded by eligible individual employees. To become eligible, individuals must be employed by FEA member companies that have filed a Permission to Solicit form. A Permission to Solicit form is required by the Federal Election Commission before FEA can solicit eligible employees of member companies.
Member companies are only permitted to grant one trade association permission to solicit their employees per calendar year. Contact Lynn Harkin at
director@1031.org for more information.
FEA Member Key Contacts can find a
Permission to Solicit Form
here.
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Federation of Exchange Accommodators
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