November-December 2021, Part 1 of 2 |
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Thank You to Our Sponsors! |
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45 Day and 180 Day Postponements for Disaster Areas in Connecticut |
The IRS has issued postponements of the 45-day and 180-day deadlines as follows: Fairfield County, New London County, Mashantucket Pequot Tribal Nation, and Mohegan Tribal Nation. Disaster date began September 1, 2021. General postponement date is January 3, 2022.
The Disaster Date is listed 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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Meet FEA's New President - Jeff Peterson, CPEC1031, LLC, Minneapolis, MN |
You're welcome. We saved 1031 Exchange. Thanks to the extraordinary efforts of the FEA and its industry partners, §1031 has escaped the ax once again.
In the other sense of the phrase, I want to emphasize that you are welcome! The FEA is an inclusive organization that empowers all members to advance and enrich their careers through participation in events and learning opportunities, including the CES certification.
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Comments Shared by Outgoing President Julie Baird |
Highlights of past year
What a year! These last 12 – 16 months have given us all an extreme volume of exchange transactions coupled with historic low interest rates. This creates a very challenging environment – people are working a lot more, for less money and often it’s hard to have sufficient staffing. We’ve been battling legislative uncertainty this past year and all of this during a pandemic that does not show signs of waning.
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FEA Members Elect New Board of Directors |
The Nominating Committee, made up of chair, Scott Saunders, Jeff Peterson, Steve Chacon, and David Gorenberg have offered for consideration the following members for new three‐year terms beginning October 2021 and expiring in 2024:
Sheila Long, Old Republic Exchange Company, Glendale, CA
Starting their second three-year term are James Miller, IPX 1031®, Chandler, AZ and Jeffrey Peterson, CPEC1031, Minneapolis, MN
The membership voted and all of the candidates were elected. Members may read full bios and photos of all new board members here.
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FEA Board of Directors Elects Officers |
The 2021-2022 officers elected by the board are as follows:
President: Jeff Peterson, CPEC1031, LLC, Minneapolis, MN
President-Elect: James Miller Esq., IPX1031®, Chandler, AZ
Secretary/Treasurer: Amanda Schmunk, 1031 Exchange Corporation, dba Homestead Escrow & Exchange Compan7, Sioux Falls, SD
Past President: Julie Baird, JD, First American Exchange Co., Denver, CO
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FEA Thanks Julie Baird for Service as President |
Incoming President Jeff Peterson thanks Outgoing President Julie Baird and her organization First American Exchange Company, for her year of time, talent and service to lead the Association. |
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FEA Recognizes Retiring Board Members |
The FEA recognized four board directors for their tremendous service to the Association. They were: Scott Saunders, Senior Vice President, Asset Preservation Inc., Carol Hayden, Executive Vice President of Investors Title Exchange Corporation Mike Anderson, CES®, Exchange Services LLC and Stephen A. Wayner, Esq., CES®, Liberty 1031 LLC
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GAC Update - November 2021 |
As Congress moves forward with negotiations over the budget reconciliation bill, FEA GAC remains committed to ensuring that Section 1031 is not included in the final version of the legislation. On Nov. 6, the House voted along party lines for the rule allowing the budget reconciliation bill, also known as the Build Back Better Act, to come to the floor for consideration. While the House did not debate or vote on the legislation itself, the move gives Democratic leaders time to resolve lingering disputes on specific provisions in the social spending package and wait for a formal revenue score from the Congressional Budget Office. |
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Updated EY Macroeconomic Impact Study |
FEA GAC leaders are working to update the 2021 EY study on the economic contributions of like-kind exchanges. The 2021 macroeconomic impact study originally used 2019 numbers as a proxy for 2021 numbers. However, as all QIs are aware, the volume of exchange activity has significantly increased from 2019. |
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FEA 2021 Fall Webinar Series |
The FEA is commencing its 2021 Fall webinar series featuring one-hour webinars approved for CES® credit hours.
The Fall 2021 series will cover in-demand as well as brand-new topics. All participants will receive a copy of the PowerPoint presentation and any prepared handouts. There will also be a Question & Answer session at the end of each webinar.
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Meet FEA's New Meeting Planning Professional -
Kerigan Hunziker
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Kerigan Hunziker joined the AMPLIFY team in September of 2021. While she is new to the association management world, Kerigan brings experience from the hotel industry planning weddings, corporate meetings and association events. As Meeting Planner, Kerigan is responsible for the organization, execution and success of the various conferences, seminars, trade shows, and special events conducted for AMPLIFY ’s client associations. Kerigan is a graduate of Iowa State University and resides in Ankeny, Iowa. |
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Save the Date -
Las Vegas, NV 2022
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FEA 2022 Annual Conference
NOTE: This is a Tuesday, Wednesday, Thursday Program
September 20–22, 2022
Some of their great amenities:
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- Casino (part of the Caesars Entertainment properties nationwide)
- Shows & Night life
- 4 Bars/Lounges
- 6 Restaurants
- 2,500+Rooms
- Shopping
- Infinitely Stylish
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- High speed internet accessible
- Pool
- EV Charging
- Pet Stay
- Fitness Center
- Self Check-in
- Spa & Salon
- Accessibility available
- Valet & self-parking available
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Arcadia Settlements Group
Montebello, CA (affiliate)
Contact: Angel Viera
McPherson 1031 Delaware Statutory Trust
North Palm Beach, FL (affiliate)
Contact: Jay McPherson
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Mountain V Oil & Gas, Inc.
Oklahoma City, OK (affiliate)
Contacts: Fred Mercer & S. Michael Shaver
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Capital One
1307 Walt Whitman Rd;
Melville, NY 11747
(504) 352-6225
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Colorado Financial Service Corporation
304 Inverness Way South, Suite 355
Centennial, CO 80112
(303) 962-7267
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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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Arcadia Settlements Group
(323) 887-9200
Axos Bank
(858) 649-2046
BankUnited
(914) 305-9428
Capital One
(631) 304-3061
Capital Square
(804) 290-7900
Clark Wealth Strategies, Inc.
(402) 504-3531
Colorado Financial Service Corporation
(303) 962-7267
Customers Bank, CB Private & Commercial Banking - NY
(212) 843-4540
Effective 1031 Planning
(239) 227-7185
ExchangeRight Real Estate, LLC
Regional Office
(512) 491-3108
First Foundation Bank
(949) 468-8559
Four Spring Capital Trust
(732) 749-7339
Independent Financial
(972) 350-8391
Inland Real Estate Group
(630) 218-4953
Lockton Insurance Brokers, LLC
(415) 568-4106
Luther Burbank Savings
(858) 436-1830
McPherson 1031 Delaware Statutory Trust
(321) 297-3217
Meltzer, Lippe, Goldstein & Breitstone, LLP
(516) 747-0300
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Mercer 1031 Consulting, LLC
(866) 773-1031
Millcreek Commercial
(801) 899-1943
MNM Partners, LLC
(408) 221-3077
Mountain V Oil & Gas, Inc.
(405) 229-0563
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
Peregrine 1031 Energy Partners
(432) 296-0910
Platform Ventures
(803) 464-4263
Realized Holdings LLC
(512) 871-0315
Revolution X
(610) 842-4780
Robbins May & Rich LLP
(910) 692-4900
Signature Bank
(646) 822-1946
Stan Johnson Company
(646) 778-5560
Syndicated Equities
(312) 640-9028
Tangible Wealth Solutions
(720) 439-6540
TriState Capital Bank
(412) 304-0464
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Message From Executive Director Lynn Harkin |
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FEA members have been a powerful force this past year in a wide variety of support:
- FEA had 31 companies give an additional member contribution in 2021 – in addition to their annual dues’ renewal - totally $154,300.
- There are 50 people who gave to the FEA 1031 PAC so far in 2021 totally $113,194 and 35 candidate contributions totally $125,000 made.
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The FEA Offices will be closed from December 23, 2021 thru January 3, 2022.
We wish all of our members a happy and safe holiday season.
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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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