IPX1031 Exchange - Property owners benefit from a team effort - by Patricia Flowers

Patricia Flowers, Investment Property Exchange Services

Property owners, professionals, tax and legal advisors have come to appreciate and rely on the expert knowledge and guidance Investment Property Exchange provides as the predominant Qualified Intermediary (QI). With federal and state tax laws requiring investors to pay nearly 1/3 of their gains due upon sale in taxes, Section 1031 is more valuable now than ever. Clients greatly benefit when their QI is more than just the third party moving proceeds on behalf of a taxpayer. We are a team player providing an array of services which include:

Structuring Guidance: We at IPX1031 are the “advisor to the advisors,” working in conjunction with a client’s tax and legal advisors to navigate the specifics of the code, applying it to everyday business scenarios. As an industry leader, we offer creative tax strategies with proven solutions for building wealth, preserving profits and maximizing investment dollars.

Eye on Washington: Tax Deferred Exchanges encourage active reinvestment, promote business growth and stimulate the local economy. As a national Qualified Intermediary, we have eyes, ears and feet on the ground in DC: We communicate with Congress and the IRS, track case law and legislation to provide our clients the most up-to-date information available.

Safety & Security of Funds: A matter of paramount importance – IPX1031 offers a written third party corporate performance guarantee, $100 million fidelity bond and $30 million professional liability insurance. Along with the financial strength and resources of our parent company, Fidelity National Financial, funds will be safe, secure, and available when needed.

Education: Our local sales and legal staff are guest lecturers for firms, private groups and professional associations. We provide accredited courses for CLE, CPE and RE continuing education credits. Those in corporate, estate planning, financial, real estate and tax fields all benefit from the knowledge gained.

Webinars and Website: Twice monthly IPX1031 offers Introduction to Exchanging and Advanced Issues/Updates webinars. These courses provide attendees with a strong foundation and working knowledge for use in their day-to-day business. Our website allows advisors and investors to access reference material, start an exchange online and calculate the deadlines.

Personal Property & Multiple Assets: Taxpayers selling multiple asset property such as hotels, restaurants or gas stations may need to structure several exchanges to accommodate equipment or other property that is held for productive use in a trade or business or for investment. Additionally, charter boats, fishing vessels, planes, cars, trucks, construction or agriculture equipment, artwork and collections, as well as intangible property, such as franchise licenses, broadcast spectrums or copyrights qualify in this category.

Reverse Exchanges: Investors gain more flexibility within regulated 45/180 timelines when working with our specialized Reverse division. A Reverse Exchange may be the answer to save the stress of identifying in 45 days. It allows the investor to close on new replacement property first while waiting for the other property to sell or if the property being sold fails to close on time and the purchase cannot be postponed.

Construction/Improvement Exchanges: A dedicated Improvement division structures build-to-suit exchanges, giving taxpayers the opportunity to use sale proceeds tax-deferred to either renovate an existing property or construct new improvements on raw land as part of their replacement property purchase.

IPX1031 – Your Complete Information Resource: For over two decades tens of thousands of clients and their advisors have depended upon Investment Property Exchange to help them realize the benefits of a §1031 Exchange. Let us go to work for you!

Patricia Flowers is vice president for Investment Property Exchange Services, Inc. (IPX1031), Boston.