Category: Company and Industry News

The IRS has announced that residents and business located in Boone, Brooke, Cabell, Fayette, Hancock, Kanawha, Lincoln, Marshall, Nicholas, Ohio, Preston, Putnam, Tyler, Wayne, and Wetzel counties in West Virginia are eligible for extensions because of the severe storms that occurred on April 2, 2024. The tax relief pertains to deadlines that occurred from April 2nd to November 1st, 2024. As a result, businesses and residents have until November 1st to pay and file any taxes that were originally due during this period.
The tax relief pertaining specifically to a taxpayer engaged in a 1031 Exchange is as follows:
“Affected Taxpayers”, those who reside or businesses whose principal place of business is in the Covered Disaster Area, are entitled to relief regardless of where the Replacement or Relinquished Properties are located. Affected Taxpayers may choose either the General Postponement relief under Section 6 OR the Alternative relief under Section 17 of Rev. Proc. 2018-58. Taxpayers who do not meet the definition of Affected Taxpayers do not qualify for Section 6 General Postponement relief.
Option One: General Postponement under Section 6 of Rev. Proc. 2018-58 (Affected Taxpayers only). Any 45-day deadline or 180-day deadline (for either a forward or reverse exchange) that falls on or after the Disaster Date above is postponed to the General Postponement Date. The General Postponement applies regardless of the date the Relinquished Property was transferred (or the parked property acquired by the EAT) and is available to Affected Taxpayers regardless of whether their exchange began before or after the Disaster Date.
Option Two: Section 17 Alternative (Available to (1) Affected Taxpayers and (2) other taxpayers who have difficulty meeting the exchange deadlines because of the disaster. See Rev. Proc. 2018-58, Section 17 for conditions constituting “difficulty”). Option Two is only available if the relinquished property was transferred (or the parked property was acquired by the EAT) on or before the Disaster Date. Any 45-day or 180-day deadline that falls on or after the Disaster Date is extended to THE LONGER OF: (1) 120 days from such deadline; OR (2) the General Postponement Date. Note the date may not be extended beyond one year or the due date (including extensions) of the tax return for the year of the disposition of the relinquished property (typically, if an extension was filed, 9/15 for corporations and partnerships and 10/15 for other taxpayers).  Visit for full details on the tax relief from the IRS. The material in this blog is presented for informational purposes only. The information presented is not investment, legal, tax or compliance advice. Accruit performs the duties of Qualified Intermediary, and as such does not offer or sell investments or provide investment, legal, or tax advice.

The IRS has announced that residents and business located in Boone, Brooke, Cabell, Fayette, Hancock, Kanawha, Lincoln, Marshall, Nicholas, Ohio, Preston, Putnam, Tyler, Wayne, and Wetzel counties in West Virginia are eligible for extensions because of the severe storms that occurred on April 2, 2024. The tax relief pertains to deadlines that occurred from April 2nd to November 1st, 2024. As a result, businesses and residents have until November 1st to pay and file any taxes that were originally due during this period.
The tax relief pertaining specifically to a taxpayer engaged in a 1031 Exchange is as follows:
“Affected Taxpayers”, those who reside or businesses whose principal place of business is in the Covered Disaster Area, are entitled to relief regardless of where the Replacement or Relinquished Properties are located. Affected Taxpayers may choose either the General Postponement relief under Section 6 OR the Alternative relief under Section 17 of Rev. Proc. 2018-58. Taxpayers who do not meet the definition of Affected Taxpayers do not qualify for Section 6 General Postponement relief.
Option One: General Postponement under Section 6 of Rev. Proc. 2018-58 (Affected Taxpayers only). Any 45-day deadline or 180-day deadline (for either a forward or reverse exchange) that falls on or after the Disaster Date above is postponed to the General Postponement Date. The General Postponement applies regardless of the date the Relinquished Property was transferred (or the parked property acquired by the EAT) and is available to Affected Taxpayers regardless of whether their exchange began before or after the Disaster Date.
Option Two: Section 17 Alternative (Available to (1) Affected Taxpayers and (2) other taxpayers who have difficulty meeting the exchange deadlines because of the disaster. See Rev. Proc. 2018-58, Section 17 for conditions constituting “difficulty”). Option Two is only available if the relinquished property was transferred (or the parked property was acquired by the EAT) on or before the Disaster Date. Any 45-day or 180-day deadline that falls on or after the Disaster Date is extended to THE LONGER OF: (1) 120 days from such deadline; OR (2) the General Postponement Date. Note the date may not be extended beyond one year or the due date (including extensions) of the tax return for the year of the disposition of the relinquished property (typically, if an extension was filed, 9/15 for corporations and partnerships and 10/15 for other taxpayers).  Visit for full details on the tax relief from the IRS. The material in this blog is presented for informational purposes only. The information presented is not investment, legal, tax or compliance advice. Accruit performs the duties of Qualified Intermediary, and as such does not offer or sell investments or provide investment, legal, or tax advice.

The IRS has announced that residents and business located in Boone, Brooke, Cabell, Fayette, Hancock, Kanawha, Lincoln, Marshall, Nicholas, Ohio, Preston, Putnam, Tyler, Wayne, and Wetzel counties in West Virginia are eligible for extensions because of the severe storms that occurred on April 2, 2024. The tax relief pertains to deadlines that occurred from April 2nd to November 1st, 2024. As a result, businesses and residents have until November 1st to pay and file any taxes that were originally due during this period.
The tax relief pertaining specifically to a taxpayer engaged in a 1031 Exchange is as follows:
“Affected Taxpayers”, those who reside or businesses whose principal place of business is in the Covered Disaster Area, are entitled to relief regardless of where the Replacement or Relinquished Properties are located. Affected Taxpayers may choose either the General Postponement relief under Section 6 OR the Alternative relief under Section 17 of Rev. Proc. 2018-58. Taxpayers who do not meet the definition of Affected Taxpayers do not qualify for Section 6 General Postponement relief.
Option One: General Postponement under Section 6 of Rev. Proc. 2018-58 (Affected Taxpayers only). Any 45-day deadline or 180-day deadline (for either a forward or reverse exchange) that falls on or after the Disaster Date above is postponed to the General Postponement Date. The General Postponement applies regardless of the date the Relinquished Property was transferred (or the parked property acquired by the EAT) and is available to Affected Taxpayers regardless of whether their exchange began before or after the Disaster Date.
Option Two: Section 17 Alternative (Available to (1) Affected Taxpayers and (2) other taxpayers who have difficulty meeting the exchange deadlines because of the disaster. See Rev. Proc. 2018-58, Section 17 for conditions constituting “difficulty”). Option Two is only available if the relinquished property was transferred (or the parked property was acquired by the EAT) on or before the Disaster Date. Any 45-day or 180-day deadline that falls on or after the Disaster Date is extended to THE LONGER OF: (1) 120 days from such deadline; OR (2) the General Postponement Date. Note the date may not be extended beyond one year or the due date (including extensions) of the tax return for the year of the disposition of the relinquished property (typically, if an extension was filed, 9/15 for corporations and partnerships and 10/15 for other taxpayers).  Visit for full details on the tax relief from the IRS. The material in this blog is presented for informational purposes only. The information presented is not investment, legal, tax or compliance advice. Accruit performs the duties of Qualified Intermediary, and as such does not offer or sell investments or provide investment, legal, or tax advice.

The IRS has announced that residents and business located in Boyd, Carter, Fayette, Greenup, Henry, Jefferson, Jessamine, Mason, Oldham, Union, and Whitley counties in Kentucky are eligible for extensions because of the severe storms that occurred on April 2, 2024. The tax relief pertains to deadlines that occurred from April 2nd to November 1st, 2024. As a result, businesses and residents have until November 1st to pay and file any taxes that were originally due during this period.  
The tax relief pertaining specifically to a taxpayer engaged in a 1031 Exchange is as follows: 
“Affected Taxpayers”, those who reside or businesses whose principal place of business is in the Covered Disaster Area, are entitled to relief regardless of where the Replacement or Relinquished Properties are located. Affected Taxpayers may choose either the General Postponement relief under Section 6 OR the Alternative relief under Section 17 of Rev. Proc. 2018-58. Taxpayers who do not meet the definition of Affected Taxpayers do not qualify for Section 6 General Postponement relief. 
Option One: General Postponement under Section 6 of Rev. Proc. 2018-58 (Affected Taxpayers only). Any 45-day deadline or 180-day deadline (for either a forward or reverse exchange) that falls on or after the Disaster Date above is postponed to the General Postponement Date. The General Postponement applies regardless of the date the Relinquished Property was transferred (or the parked property acquired by the EAT) and is available to Affected Taxpayers regardless of whether their exchange began before or after the Disaster Date. 
Option Two: Section 17 Alternative (Available to (1) Affected Taxpayers and (2) other taxpayers who have difficulty meeting the exchange deadlines because of the disaster. See Rev. Proc. 2018-58, Section 17 for conditions constituting “difficulty”). Option Two is only available if the relinquished property was transferred (or the parked property was acquired by the EAT) on or before the Disaster Date. Any 45-day or 180-day deadline that falls on or after the Disaster Date is extended to THE LONGER OF: (1) 120 days from such deadline; OR (2) the General Postponement Date. Note the date may not be extended beyond one year or the due date (including extensions) of the tax return for the year of the disposition of the relinquished property (typically, if an extension was filed, 9/15 for corporations and partnerships and 10/15 for other taxpayers).  

The IRS has announced that residents and business located in Boyd, Carter, Fayette, Greenup, Henry, Jefferson, Jessamine, Mason, Oldham, Union, and Whitley counties in Kentucky are eligible for extensions because of the severe storms that occurred on April 2, 2024. The tax relief pertains to deadlines that occurred from April 2nd to November 1st, 2024. As a result, businesses and residents have until November 1st to pay and file any taxes that were originally due during this period.  
The tax relief pertaining specifically to a taxpayer engaged in a 1031 Exchange is as follows: 
“Affected Taxpayers”, those who reside or businesses whose principal place of business is in the Covered Disaster Area, are entitled to relief regardless of where the Replacement or Relinquished Properties are located. Affected Taxpayers may choose either the General Postponement relief under Section 6 OR the Alternative relief under Section 17 of Rev. Proc. 2018-58. Taxpayers who do not meet the definition of Affected Taxpayers do not qualify for Section 6 General Postponement relief. 
Option One: General Postponement under Section 6 of Rev. Proc. 2018-58 (Affected Taxpayers only). Any 45-day deadline or 180-day deadline (for either a forward or reverse exchange) that falls on or after the Disaster Date above is postponed to the General Postponement Date. The General Postponement applies regardless of the date the Relinquished Property was transferred (or the parked property acquired by the EAT) and is available to Affected Taxpayers regardless of whether their exchange began before or after the Disaster Date. 
Option Two: Section 17 Alternative (Available to (1) Affected Taxpayers and (2) other taxpayers who have difficulty meeting the exchange deadlines because of the disaster. See Rev. Proc. 2018-58, Section 17 for conditions constituting “difficulty”). Option Two is only available if the relinquished property was transferred (or the parked property was acquired by the EAT) on or before the Disaster Date. Any 45-day or 180-day deadline that falls on or after the Disaster Date is extended to THE LONGER OF: (1) 120 days from such deadline; OR (2) the General Postponement Date. Note the date may not be extended beyond one year or the due date (including extensions) of the tax return for the year of the disposition of the relinquished property (typically, if an extension was filed, 9/15 for corporations and partnerships and 10/15 for other taxpayers).  

The IRS has announced that residents and business located in Boyd, Carter, Fayette, Greenup, Henry, Jefferson, Jessamine, Mason, Oldham, Union, and Whitley counties in Kentucky are eligible for extensions because of the severe storms that occurred on April 2, 2024. The tax relief pertains to deadlines that occurred from April 2nd to November 1st, 2024. As a result, businesses and residents have until November 1st to pay and file any taxes that were originally due during this period.  
The tax relief pertaining specifically to a taxpayer engaged in a 1031 Exchange is as follows: 
“Affected Taxpayers”, those who reside or businesses whose principal place of business is in the Covered Disaster Area, are entitled to relief regardless of where the Replacement or Relinquished Properties are located. Affected Taxpayers may choose either the General Postponement relief under Section 6 OR the Alternative relief under Section 17 of Rev. Proc. 2018-58. Taxpayers who do not meet the definition of Affected Taxpayers do not qualify for Section 6 General Postponement relief. 
Option One: General Postponement under Section 6 of Rev. Proc. 2018-58 (Affected Taxpayers only). Any 45-day deadline or 180-day deadline (for either a forward or reverse exchange) that falls on or after the Disaster Date above is postponed to the General Postponement Date. The General Postponement applies regardless of the date the Relinquished Property was transferred (or the parked property acquired by the EAT) and is available to Affected Taxpayers regardless of whether their exchange began before or after the Disaster Date. 
Option Two: Section 17 Alternative (Available to (1) Affected Taxpayers and (2) other taxpayers who have difficulty meeting the exchange deadlines because of the disaster. See Rev. Proc. 2018-58, Section 17 for conditions constituting “difficulty”). Option Two is only available if the relinquished property was transferred (or the parked property was acquired by the EAT) on or before the Disaster Date. Any 45-day or 180-day deadline that falls on or after the Disaster Date is extended to THE LONGER OF: (1) 120 days from such deadline; OR (2) the General Postponement Date. Note the date may not be extended beyond one year or the due date (including extensions) of the tax return for the year of the disposition of the relinquished property (typically, if an extension was filed, 9/15 for corporations and partnerships and 10/15 for other taxpayers).  

Jillian Rosansky started at Accruit in June 2023 as a Sales Executive. In less than a year, she was promoted to Senior Account Executive. Jillian engages inbound queries, builds brand awareness through individual and company outreach, and leads many educational presentations, such as Accruit’s monthly webinar, which is coming up on

Jillian Rosansky started at Accruit in June 2023 as a Sales Executive. In less than a year, she was promoted to Senior Account Executive. Jillian engages inbound queries, builds brand awareness through individual and company outreach, and leads many educational presentations, such as Accruit’s monthly webinar, which is coming up on

Jillian Rosansky started at Accruit in June 2023 as a Sales Executive. In less than a year, she was promoted to Senior Account Executive. Jillian engages inbound queries, builds brand awareness through individual and company outreach, and leads many educational presentations, such as Accruit’s monthly webinar, which is coming up on

Accruit has been named a finalist in the Professional Service Company category. 
REjournals has announced the finalists for their 2024 Commercial Real Estate Awards. The REJournals CRE Awards celebrate the achievements, successes and highlights from all sectors of the commercial real estate industry. 
Accruit, a national 1031 Exchange Qualified Intermediary and Exchange Accommodate Titleholder, boasts a considerable foothold in the greater Chicago, Illinois market with an office and two staff attorneys located in Chicago, Illinois.
In 2023, Accruit supported over $15+ Billion in real estate transactions through our patented 1031 Exchange software, Exchange Manager Pro℠. Accruit alone as a Qualified Intermediary and Exchange Accommodation Titleholder facilitated $4.12 Billion in real estate transactions.
Specific to Illinois, Accruit facilitated over $218 million in Relinquished Property transactions and over $122 million in Replacement Property transactions, totaling a combined $340+ million of RE closings in Illinois in 2023.
In addition, Accruit presented two real estate continuing education courses for Illinois brokers and agents, as well as two continuing legal education courses to through collaborations with Advocus, formerly ATGF, and Illinois Real Estate Lawyers Association (IRELA). Accruit has participated as panelist speaker for four consecutive years, including 2023, at the RE Journals National Net Lease Summit in Chicago, IL.
Accruit is active in providing 1031 Exchange education and resources to many Illinois associations including NICAR, IRELA, and Advocus.
Lastly, in 2023, Accruit’s specialized services, as an Exchange Accommodation Titleholder, was part of the largest sale of a multi-tenant suburban office building in the past 18 months in Illinois, the Illinois CRE Awards and full list of finalists.