Government Affairs Update – August 2020 |
FEA leads 1031 Coalition Effort to Update Ernst & Young Macroeconomic Study
As part of our ongoing campaign to preserve Section 1031 like-kind exchanges, FEA is leading a real estate 1031 coalition effort to produce an updated Ernst & Young (EY) macroeconomic study regarding the impact of eliminating or limiting Section 1031 like-kind exchanges.
The 2015 EY study measured the impact on GDP during a time of full employment. The updated study will focus more on the impact of job growth spurred by like-kind exchanges during a period of less-than-full employment. The study will also focus on the significant need to repurpose and renovate existing real estate in several sectors, such as retail, hotel and office, to meet the changing needs of pandemic and post-pandemic business models.
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45 and 180 Day Extensions for Disaster Areas in California, Iowa and Louisiana |
From the FEA Government Affairs Committee: The IRS has issued extensions as follows:
California: Lake, Monterey, Napa, San Mateo, Santa Cruz, Solano, Sonoma and Yolo counties that began on August 14, 2020.
Iowa: Linn County on August 10, 2020.
Louisiana: Allen, Beauregard, Calcasieu, Cameron, Jefferson Davis and Vernon counties that began on August 22, 2020 extended to December 31, 2020.
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FEA Annual Conference - Quality. Education. Same. |
FEA’s Virtual Conference offers the same quality in education as it always has.
Register today for the reduced virtual conference rate! (rates increase after September 11th)
- 1031 Boot Camp
- Reverse Exchange Boot Camp
- Economic Update
- Potential Changes to 1031 Pending Election
- Ethical Issues for QIs and Attorneys involved in LKEs
- Annual Tax Update
- Related Party Exchanges
- Deconstructing Settlement Statements/Boot Items
- Foreign Exchangers/FIRPTA, FINCEN and RON
- California Franchise Tax Board: Insights on LKEs
- Cyber Fraud
- Difficult, Tricky and Downright Thorny 1031 Situations Panel
- Diversity and Inclusion
- Hot Topic: State Specific Peculiarities and Withholding Regimes
- Hot Topic: The Future of Opportunity Zones
- Drop & Swap Exchanges: Opportunities and Pitfalls
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CES® Certification Council Recruitment |
The CES® Council is accepting applications from CES® Designees who are interested in joining the Certification Council. The requirements to sit on the Council are as follows:
- Be a CES® Designee in good standing and have been in good standing as a CES® Designee for a minimum of the preceding two (2) years.
- Have a minimum of five (5) years of full-time work experience at a Qualified Escrow, Trust or Intermediary.
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Missed the Webinar, “Was There an ‘Old Normal’? - What Would a ‘New Normal’ Look Like?” |
FEA has saved the PowerPoint presentation and a recording of the webinar of the August 12, 2020 event in the Members Center of the website. https://www.1031.org/. You will need your login and password to gain access. Enjoy!
Chris Kuehl, PhD shared his insights and expertise with FEA members on this fun and interesting webinar, Was There an "Old Normal"? - What Would a "New Normal" Look Like? One of the best parts is all the questions raised by FEA members. Enjoy!
Chris Kuehl, PhD, is a Managing Director of Armada Corporate Intelligence and one of the co-founders of the company.profits and writes several business organization publications.
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MUFG Union Bank N.A.
227 West Monroe Street, Suite 1550
Chicago, IL 60606
(312) 601-3956
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Northern Bank and Trust Company
275 Mishawum Road
Woburn, MA 01801
(781) 404-1972
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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
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
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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
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Are you using all of your FEA membership benefits?
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Weekly legislative email updates from our lobbying firm, Williams & Jensen
- Listing of your main office and branches on the FEA website QI Locator
- Access to the Members’ Only section of the FEA website, where you will find news/articles, legislative information and marketing resources
- Annual Conference registration and other event registration at a lower rate
- Permission to use the FEA logo on your website and other marketing materials
- The resource of collective industry knowledge and experience of others doing 1031 exchanges
- And representation with government and regulatory agencies as mentioned above.
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FEA has several quick and easy web pages for legislative and U.S. Treasury resources. Action on Issues / Section 1031 Activity are packed with white papers and letters to the Tax Foundation, National Economic Council, legislative candidates, and our real estate coalition partners. Members are invited to use this information with your investors, clients and partners. Share the value of your membership in the FEA.
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From the FEA Executive Director's Desk |
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FEA 2020 Virtual Annual Conference – I’ll be there. Will you?
Standing Strong in the Winds of Change
September 22–25, 2020
Join us for FEA’s Virtual Conference and experience a robust production including a virtual happy hour! FEA conferences typically gather more than 200 QIs, attorneys, CPAs, banks, DSTs providers and other parties to network, grow professionally and learn the latest in the 1031 industry and this year’s virtual event shouldn’t be any different! FEA will be conducting their Annual Meeting and Awards presentations just like before. We look forward to you joining us and seeing your faces on our computer screens!
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New Threats to Section 1031 Like-Kind Exchanges |
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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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