We Have Had a Discussion with the IRS on How the Typical Disaster Postponements Apply to Section 1031 (in Contrast to the Covid Postponement). The Outline Below is a Change in Our Understanding and This Change Also Applies to the Other Ongoing Disaster Relief (See the IRS Disaster Relief Page for a List of Current Disasters) |
45 Day and 180 Day Postponements for Disaster Areas in California and Louisiana
The IRS has issued postponements of the 45 day and 180-day deadlines as follows:
California: Fresno, Los Angeles, Madera, Mendocino, Napa, San Bernardino, San Diego, Shasta, Sonoma, and Siskiyou counties for wildfires that began on September 4, 2020.
Louisiana: Acadia, Calcasieu, Cameron, Jefferson Davis and Vermilion parishes for hurricane that began on October 6, 2020.
The Disaster Date is in bold above. (Note that some disasters occur on a single date; others, such as flooding, occur over a period of days and the Disaster Date above is preceded by beginning or began.)
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Congratulations to FEA’s Newest Certified Exchange Specialists® (CES®) |
"Learning is a treasure that will follow its owner everywhere.” ~Chinese Proverb
The Certification Council would like to commend all candidates for their commitment to the Certified Exchange Specialist® Program and the growth and professionalism of the QI industry. Congratulations to the following professionals who have been awarded the CES® Designation:
Jonathan Bunting, CES® - Starker Services, Inc.
Samantha Moon, CES® - Amherst Exchange Corporation
Grace Rivera, CES® - 1031 CORP.
Victoria Templeton, CES® - Investors Title Exchange Corporation
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GAC Update – October 2020 |
How Can You Help Preserve Section 1031?
The webinar includes a 2020 election update from Dave Franasiak, partner with Williams & Jensen, and a thorough discussion of FEA’s current fundraising strategy, current FEA 1031 PAC goals and actions FEA members can take to help preserve Section 1031.
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Margo McDonnell Certified Exchange Specialist® Perpetual Award presented to William ‘Bill’ Horan, CES® at FEA Annual Conference |
A delegation of more than 200 members of Federation of Exchange Accommodators (FEA) attending the association's Annual Conference via a virtual Zoom platform. Honored at the FEA Annual Meeting & Awards Presentation was William ‘Bill’ Horan, CES®, Realty Exchange Corporation, Gainsville, VA for the Margo McDonnell Certified Exchange Specialist® Perpetual Award for Outstanding Service Award.
“William “Bill” Horan, CES® was nominated for this honor by his peers because of the tireless work he has done for the Qualified Intermediary industry as a whole to help maintain 1031 exchanges and the role of qualified intermediary. Bill has gone above and beyond for the exchange industry and exemplifies the professionalism of a CES®.” stated CES® Council Chair, Kelly James Lacert, CES®.
The Margo McDonnell Certified Exchange Specialist® Perpetual Award for Outstanding Service Award recognizes extraordinary service to the 1031 exchange industry. The CES® is a national designation formally recognizing those individuals who have demonstrated, through testing and continuing education, their knowledge of IRC Section 1031 regulations and their application.
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FEA President's Award Presented to Julie Baird, Esq., at FEA Virtual Annual Conference |
Over 200 members of Federation of Exchange Accommodators (FEA) attended the Association's Virtual Annual Conference. Honored at the FEA Awards Luncheon was Julie Baird, Esq., First American Exchange Company, Denver, CO.
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Recognizing 2020 FEA Conference Sponsors, Announcing Prize Winners and Planning for 2021 |
Our first ever virtual conference last September was a very busy week full of education and activity. Thank you all for your comments, patience and participation!
More than ever, we appreciate our sponsors! While all our sponsors funded the event, the exhibit hall sponsors went above and beyond to make sure it was engaging and affordable to all. Those sponsors are:
- Capital One Bank
- Customers Bank, CB Private & Commercial Banking – NY
- ExchangeRight Real Estate, LLC
- Independent Bank of Texas
- Millcreek Commercial Properties
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Budget Mortgage Corp
1849 Sawtelle Blvd., Ste 700
Los Angeles, CA 90025
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Millcreek Commercial
2100 S Pleasant Grove Blvd., Suite 200
Pleasant Grove, UT 84962
(303) 253-2263
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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 Financial
(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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From the FEA Executive Director's Desk |
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Industry Leadership & FEA – The Voice of the 1031 Industry
Promoting Taxpayer friendly legislation, monitoring regulatory activity, providing commentary to the IRS, House Ways and Means Committee and Senate Finance Committee, meeting with the Joint Committee on Taxation as well as state and federal legislators. These are just some of the things the FEA has undertaken as The Voice of the 1031 Industry. Our objective is to promote the preservation of IRC Section 1031, the role of the QI and support quality, safe, beneficial exchange transactions.
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FEA has been professionally managed by Amplify Association Management (fka Association Management, LTD) since 2013? Amplify is internationally accredited through the AMC Institute. Check out the updated website and see your FEA Team.
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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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