Category: Company and Industry News

Accruit has previously provided a summary of the rules pertaining to extensions of exchange transactions for wildfires that began on September 4, 2020.
In Florida, the IRS issued extensions Bay, Escambia, Okaloosa, Santa Rosa, and Walton counties for hurricane Laura that began on August 22, 2020.
Accruit suggests that affected taxpayers consult with their tax and legal professionals as well as confirm on IRS website for any updates.

Accruit has previously provided a summary of the rules pertaining to extensions of exchange transactions for wildfires that began on September 4, 2020.
In Florida, the IRS issued extensions Bay, Escambia, Okaloosa, Santa Rosa, and Walton counties for hurricane Laura that began on August 22, 2020.
Accruit suggests that affected taxpayers consult with their tax and legal professionals as well as confirm on IRS website for any updates.

Accruit has previously provided a summary of the rules pertaining to extensions of exchange transactions for wildfires that began on September 4, 2020.
In Florida, the IRS issued extensions Bay, Escambia, Okaloosa, Santa Rosa, and Walton counties for hurricane Laura that began on August 22, 2020.
Accruit suggests that affected taxpayers consult with their tax and legal professionals as well as confirm on IRS website for any updates.

As members of the Federation of Exchange Administrators (FEA), Accruit is an active participant in the work that is being done to preserve Section 1031 of the Internal Revenue Code. The FEA is incredibly important to our industry and we are proud to be members and support the work they are doing.
The History of 1031 Exchange
IRC Section 1031 will be 100 years old in 2021, and the intent behind its creation was to encourage active reinvestment within our communities by deferring the payment of tax on gain when the full value is rolled over into other real estate. The benefit to investors in utilizing a 1031 exchange is that the capital gains taxes are deferred, allowing them to use those funds to increase their level of investment. In fact, according to an often-cited study, 88% of properties involved in an exchange are later sold in a taxable transaction (how 1031s build America. Not much has changed in five years since this was written, and the importance of our industry has never been more apparent than it is right now. The impact of the COVID-19 global pandemic has had a grave impact on Mainstreet America as businesses have had to close operations either temporarily or permanently. The infusion of cash into local economies that comes as a result of 1031 exchange transactions influences not just real estate, but the labor and construction markets as well.
Utilizing 1031 exchange gives taxpayers options to grow and diversify their real estate holdings. It allows them to invest in new housing programs in their communities. 1031 exchange sustains farms and ranches, building businesses that can be passed down for generations. There are a variety of ways that real estate investors use 1031 exchange to grow and diversify their portfolios, and when they do, the communities around them benefit.
Help Us Preserve 1031 Exchange
As read the piece the FEA has created, then ask you to contact your state representatives and ask them to preserve 1031 exchanges.
With three past Presidents of the FEA and five board-level members on our staff, Accruit is committed to ensuring that this industry continues for another 100 years and beyond.

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As members of the Federation of Exchange Administrators (FEA), Accruit is an active participant in the work that is being done to preserve Section 1031 of the Internal Revenue Code. The FEA is incredibly important to our industry and we are proud to be members and support the work they are doing.
The History of 1031 Exchange
IRC Section 1031 will be 100 years old in 2021, and the intent behind its creation was to encourage active reinvestment within our communities by deferring the payment of tax on gain when the full value is rolled over into other real estate. The benefit to investors in utilizing a 1031 exchange is that the capital gains taxes are deferred, allowing them to use those funds to increase their level of investment. In fact, according to an often-cited study, 88% of properties involved in an exchange are later sold in a taxable transaction (how 1031s build America. Not much has changed in five years since this was written, and the importance of our industry has never been more apparent than it is right now. The impact of the COVID-19 global pandemic has had a grave impact on Mainstreet America as businesses have had to close operations either temporarily or permanently. The infusion of cash into local economies that comes as a result of 1031 exchange transactions influences not just real estate, but the labor and construction markets as well.
Utilizing 1031 exchange gives taxpayers options to grow and diversify their real estate holdings. It allows them to invest in new housing programs in their communities. 1031 exchange sustains farms and ranches, building businesses that can be passed down for generations. There are a variety of ways that real estate investors use 1031 exchange to grow and diversify their portfolios, and when they do, the communities around them benefit.
Help Us Preserve 1031 Exchange
As read the piece the FEA has created, then ask you to contact your state representatives and ask them to preserve 1031 exchanges.
With three past Presidents of the FEA and five board-level members on our staff, Accruit is committed to ensuring that this industry continues for another 100 years and beyond.

https://js.hscta.net/cta/current.js”> hbspt.cta.load(6205670, ‘0ff4c47e-7525-4b81-8209-0e8af34134a5’, {});

As members of the Federation of Exchange Administrators (FEA), Accruit is an active participant in the work that is being done to preserve Section 1031 of the Internal Revenue Code. The FEA is incredibly important to our industry and we are proud to be members and support the work they are doing.
The History of 1031 Exchange
IRC Section 1031 will be 100 years old in 2021, and the intent behind its creation was to encourage active reinvestment within our communities by deferring the payment of tax on gain when the full value is rolled over into other real estate. The benefit to investors in utilizing a 1031 exchange is that the capital gains taxes are deferred, allowing them to use those funds to increase their level of investment. In fact, according to an often-cited study, 88% of properties involved in an exchange are later sold in a taxable transaction (how 1031s build America. Not much has changed in five years since this was written, and the importance of our industry has never been more apparent than it is right now. The impact of the COVID-19 global pandemic has had a grave impact on Mainstreet America as businesses have had to close operations either temporarily or permanently. The infusion of cash into local economies that comes as a result of 1031 exchange transactions influences not just real estate, but the labor and construction markets as well.
Utilizing 1031 exchange gives taxpayers options to grow and diversify their real estate holdings. It allows them to invest in new housing programs in their communities. 1031 exchange sustains farms and ranches, building businesses that can be passed down for generations. There are a variety of ways that real estate investors use 1031 exchange to grow and diversify their portfolios, and when they do, the communities around them benefit.
Help Us Preserve 1031 Exchange
As read the piece the FEA has created, then ask you to contact your state representatives and ask them to preserve 1031 exchanges.
With three past Presidents of the FEA and five board-level members on our staff, Accruit is committed to ensuring that this industry continues for another 100 years and beyond.

https://js.hscta.net/cta/current.js”> hbspt.cta.load(6205670, ‘0ff4c47e-7525-4b81-8209-0e8af34134a5’, {});

There’s no question that 2020 has been a crazy year. This year’s Federation of Exchange Accommodators (FEA) Conference theme is “Standing Strong in the Winds of Change” and it could not be more appropriate. The conference this year is all virtual, but we anticipate the content to be just as informative as it has been in years past. This is where all of the people in our industry get together and learn from the best among us. Gathering digitally from September 22-25, 2020, we are looking forward to seeing old friends and colleagues and being steeped in learning.
Over four days, 6 classes on 1031 exchanges including potential changes & the pending election will be shared among our peers. 
Accruit is honored to have been tapped for the third year in a row to teach the Reverse Exchange Bootcamp. Martin S. Edwards (past FEA President) and Jordan Born (current FEA Board member and member of the government affairs and ethics committees) will be teaching this course. 
The FEA is such an integral part of our business, which is why Accruit remains a very active member, and can boast that five of our employees hold or have held some type of leadership within the organization, from board member to President. They represent our industry in Washington to ensure that 1031 exchange is protected so that we can continue to serve our clients.
We look forward to learning a lot and bringing that knowledge back to better serve our clients.
Never stop learning.

There’s no question that 2020 has been a crazy year. This year’s Federation of Exchange Accommodators (FEA) Conference theme is “Standing Strong in the Winds of Change” and it could not be more appropriate. The conference this year is all virtual, but we anticipate the content to be just as informative as it has been in years past. This is where all of the people in our industry get together and learn from the best among us. Gathering digitally from September 22-25, 2020, we are looking forward to seeing old friends and colleagues and being steeped in learning.
Over four days, 6 classes on 1031 exchanges including potential changes & the pending election will be shared among our peers. 
Accruit is honored to have been tapped for the third year in a row to teach the Reverse Exchange Bootcamp. Martin S. Edwards (past FEA President) and Jordan Born (current FEA Board member and member of the government affairs and ethics committees) will be teaching this course. 
The FEA is such an integral part of our business, which is why Accruit remains a very active member, and can boast that five of our employees hold or have held some type of leadership within the organization, from board member to President. They represent our industry in Washington to ensure that 1031 exchange is protected so that we can continue to serve our clients.
We look forward to learning a lot and bringing that knowledge back to better serve our clients.
Never stop learning.