FEA Webinar: Was There an "Old Normal"? - What Would a "New Normal" Look Like? – August 12 |
Wednesday, August 12, 2020
12:00 noon ET / 11:00 am CT / 10:00 am MT / 9:00 am PT
Cost: FREE and available for FEA members only [There are no CEU’s provided.]
Join the FEA leadership on this fun and interesting webinar, Was There an "Old Normal"? - What Would a "New Normal" Look Like? Chris Kuehl will talk on how almost every assumption has been proven inaccurate and nearly every forecast has been called into question. These are certainly unprecedented times. What has changed thus far and what is likely to? Will these shifts be permanent and what will they mean to sectors related to the 1031 exchange industry?
After registering, you will receive a confirmation email containing information about joining the webinar.
Chris Kuehl, PhD, is a Managing Director of Armada Corporate Intelligence and one of the co-founders of the company. He has been Armada's economic analyst and has worked with a wide variety of private clients and professional associations in the last 18 years. He is the Chief Economist for several nonprofits and writes several business organization publications.
|
|
|
Government Affairs Update – June 2020 |
Former Vice President Joe Biden’s presidential campaign recently announced a plan to eliminate Section 1031 like-kind exchanges in order to raise revenue for his $775 billion child and elder care plan. In anticipation of this kind of announcement, FEA has been advocating for the preservation of Section 1031 with key Biden supporters in a number of ways. |
|
|
Affiliate Member Article: Struggling, Surviving or Thriving: A Picture of Today’s Retailers and How Landlords are Caught in the Middle |
By Tom Georges, Stan Johnson Co.
As retail, and businesses in general, move toward reopening in the post-peak pandemic period, some will begin to thrive again while others, with less stable or antiquated business models, will suffer. We have already seen bankruptcy filings by major retailers and iconic brands including J. C. Penney, Pier 1 Imports, Neiman Marcus and J. Crew, and these will certainly not be the last. But these retailers’ financial woes can hardly be blamed on the pandemic – each has been in a steady mode of decline for years. However, what we have seen in this pandemic, and will continue to see in the weeks and months ahead, is that retailers with strong business models will survive, and in many cases thrive, even as our economy struggles to right itself.
|
|
|
45 and 180 Day Extensions for Disaster Areas in Michigan and Utah |
The IRS has issued an extension for Section 1031 deadlines. Note the general extension date in the Notices is October 15th, so that might be longer than 120 days in some cases.
Michigan: The IRS has issued an extension for Arenac, Gladwin, Iosco, Midland and Saginaw counties beginning May 16, 2020.
Utah: The IRS has issued an extension for Davis and Salt Lake counties beginning March 18, 2020.
|
|
Know how to save up to $1,700 this year? Attend the FEA Virtual Conference! |
On average, attendees to the FEA Virtual Annual Conference will save around $1,700 in travel and hotel alone! The registration fee is reduced, too, saving you even more!
Mark your calendars for September 22–25, 2020 to attend the virtual conference. (Note the extension to the 25th). Registration opens in August.
How does the virtual conference compare to the traditional live event? Let us show you:
|
Education sessions include deconstructing settlement statements, ethics, FIRPTA issues, California FTB insights, thorny 1031 situations panel, economic update, government relations update, annual tax update, related party exchanges, and more!
Sponsorship packages are now available. Click here to see the offerings and here for a view of the virtual booth example.
|
|
|
CES® EXAM UPDATES – Exciting News! Available online! |
NEXT EXAMS TO BE HELD ON:
Tuesday, September 29, 2020
Location: Online
Registration Deadline: August 21, 2020
Register by Friday, August 7, 2020, and save $100!
CES® APPLICATION FEES
The fees for taking the CES® examination are as follows:
September 29, 2020:
Before August 7, 20209: $400
Before August 21, 2020: $500
All applications for a 2020 exam MUST BE received on or before the Registration Deadline date.
More information is available here
|
|
|
 |
Robbins May & Rich, LLP
120 Applecross Road
Pinehurst, NC 28374
(910) 692-4900
|
|
|
|
Passco Companies, LLC
2050 Main Street, Suite 650
Irvine, CA 92614
(949) 442-1000
|
|
|
|
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. |
|
|
1031 Investment Services LLC
(845) 534-6818
Alma Bank
(718) 663-5335
Axos Bank
(858) 732-1381
BankUnited
(914) 305-9428
Budget Mortgage Corp.
(410) 458-5747
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
First Foundation Bank
(949) 468-8559
Four Spring Capital Trust
(732) 749-7339
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
Luther Burbank Savings
(858) 436-1830
|
|
Meltzer, Lippe, Goldstein & Breitstone, LLP
(516) 747-0300
Millwork Commercial
(801) 899-1943
MNM Partners, LLC
(408) 221-3077
MUFG Union Bank, N.A.
(312) 601-3956
Nano Banc
(858) 880-5900
NexTrend Securities Inc.
(972) 661-1283
Northern Bank and Trust
(781) 569-1852
Passco Companies, LLC
(949) 263-7904
Peregrine 1031 Energy Partners
(214) 483-1997
Realized Holdings LLC
(512) 827-3651
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
Tangible Wealth Solutions
(720) 996-1794
TriState Capital Bank
(412) 304-0464
Umpqua Bank
(818) 254-3492
Wilmington Trust
(302) 636-6019
|
|
|
Greetings from Carol Hayden, Al Caporale and Toija Beutler – heading up the Membership Committee!
Here is the five-year history of membership in the FEA.
- In 2016, we had 138 members and in 2020, we have 147.
- Dues revenue grew from nearly $500,000* to over $680,000 in 2020.
- Total revenue – adding additional membership contributions from approximately 32 companies per year has increased 70%, from $20,000 to $141,618 in 2020. We experienced three consecutive years averaging $288,500 each year when several of our member companies challenged to match contributions from others.
|
|
|
Montego Minerals (Affiliate)
Midland, TX
|
|
Agents Exchange, LLC (Regular)
Columbia, MO
|
|
FEA has produced a publication for the taxpayer/consumer who wants to know how to choose a QI for their Section 1031 Exchange. When they call FEA HQ for that information, we direct them to “Ask Your Qualified Intermediary” on the website. Take a look and make sure you can answer all those questions to instill confidence, assure safety, build trust and remain ethical. We want anyone looking for a qualified intermediary to select an FEA member first!
|
|
|
From the FEA Executive Director's Desk |
|
|
At the July 7, 2020 FEA Board Meeting, President Scott Saunders put forth a statement to recognize diversity, inclusion and equity in our industry. The Board adopted the following:
The FEA completely renounces any discriminatory practices, racism in all forms or inequality and fully supports diversity, equity and inclusion.
In order to accomplish our Mission: To support, preserve, and advance Section 1031 Exchanges and the QI industry, FEA is respecting differences, feeling and/or being valued and having access to the same opportunities.
|
|
|
New Threats to Section 1031 Like-Kind Exchanges |
|
The FEA needs to continue to be proactive educating members in Congress on the importance of Section 1031 for creating jobs and boosting transactional activity in real estate nationally.
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.
|
|
Federation of Exchange Accommodators
|
|
|
|
|
|
|
|
