From the FEA Executive Director's Desk
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An update on the California Franchise Tax Board Webinar: Unfortunately, we had issues with technology on the January 21
st
webinar conducted through our conference calling system and the recording is not available. You can
download
the PowerPoint presentation.
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Register for FEA Midyear Meeting -
April 28-29
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FEA Midyear Meeting and Day on the Hill
April 28–29, 2020
The Melrose Georgetown Hotel
2430 Pennsylvania Ave., NW
Washington, DC 20037
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Drop and Swap: Opinion of Petition for Rehearing: In the Matter of the Appeal of Sharon Mitchell,
OTA Case No. 18011715 (1/28/20) California Office of Tax Appeals
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In this opinion, the California Office of Tax Appeals ("OTA") denies a Petition for Rehearing made by the California Franchise Tax Board ("FTB"). The opinion involves the 2018 OTA decision finding for the taxpayer, Sharon Mitchell, in a drop and swap exchange. The FTB requested a rehearing of the 2018 opinion based on several arguments, but the principal argument was OTA made an error in law by not applying the substance-over-form or
Court Holding
doctrine to disallow the drop and swap. In this 2020 decision, OTA again finds for the taxpayer and denies the FTB’s petition for a new hearing.
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Social Media Tips & Tricks
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Tip 1 – Identify your Social Media goals – SMARTly
Specific
– Do 1 post (same content to all outlets) per week to LinkedIn, Twitter, Facebook, YouTube. Pinterest, Instagram or any other outlet you may utilize. Be consistent with your overall marketing approach - look, feel, and content.
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GAC Update: 2020 Presidential Candidates and Think Tanks Target Section 1031
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As the race for the 2020 Democratic presidential nomination takes off, a central theme emerging from the candidates is the desire to make the tax code more progressive while raising additional revenue for government programs. Various tax proposals released by the campaigns have included such ideas as taxing wealth beyond income, raising tax rates on income for the highest earners and taxing capital gains like ordinary income.
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Dates for the 2020 CES® Exam Have Been Set
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The exam will be offered again in conjunction with the FEA Mid-Year Fly-In in Washington, D.C., on:
Tuesday, April 28, 2020
Application Deadline: March 31
st
In addition, the exam will be offered in several locations (as determined by the CES® Certification Council based upon interest expressed by exam candidates and the availability of suitable exam space and proctors) on:
Friday, May 1st
Application Deadline: April 3
rd
Of course, the exam will be offered again in conjunction with the FEA Annual Conference in Chicago, IL, on:
Wednesday, September 23, 2020
Application Deadline: August 21
st
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Four Springs Capital Trust
1901 Main Street
Lake Como, JN 07719
(732) 749-7339
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Inland Real Estate Investment Corporation
2901 Butterfield Road
Oak Brook, IL 60523
(888) 671-1031
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Save the Date 2020 – Chicago, IL
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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
Back Nine Apartment Investors
(773) 272-5020
BankUnited
(914) 305-9428
BciCapital Inc.
(410) 458-5747
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
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
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Lockton Insurance Brokers, LLC
(415) 568-4106
Luther Burbank Savings
(858) 436-1830
Meltzer, Lippe, Goldstein & Breitstone, LLP
(516) 747-0300
Millwork Commercial Properties
(801) 899-1943
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
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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Membership Minute:
Take Advantage of All Your FEA Membership Offers
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As a Member of FEA, you receive:
- 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 any other event registration at the Member 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.
REMEMBER:
Your company can list as many employees as you want as an additional contact
and they will receive the same benefits.
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Did you know….that FEA’s membership directory lists all FEA member companies, their key contact and any branch offices that are registered with us? Here at FEA Headquarters, we refer taxpayers (the public) who are looking for an accommodator to the directory all the time. Maximize your company listing by editing your specialty areas. The key contact has access to the company record to make changes such as:
- Accounting/CPA Firm
- Attorney/Law Firm
- Broker (Affiliate only)
- Investment or Securities Firm (Affiliate only)
- LKE Programs
- Oil & Gas/Mineral Rights/Timber & Water Rights
- Property Manager (Affiliate only)
- Reverse Exchanges
- Accommodator Company – and much more
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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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Visiting Washington DC and Need a Hotel Room?
The
Morrison-Clark Historic Inn & Restaurant has a rate for FEA members (This is NOT the hotel we are using for the Midyear Meeting)
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Federation of Exchange Accommodators
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