Last week, several members of Accruit joined other industry colleagues at the annual FEA conference in Chicago to hear about the latest updates regarding tax reform and the potential impact to 1031s. Through the efforts of the 1031 Coalition, the 1031 industry was successful in ensuring capping 1031s were not part of the revenue offsets presented by the House of Representatives earlier this month. This is a positive outcome as we typically see the Senate follow the lead on tax offsets from the House. Furthermore, on the Senate floor last month, Senator Kennedy (LA) submitted an amendment during a “vote-a-rama” to retain 1031s in their current state. Per the request of Senate Finance Chairman Wyden (OR) the vote was taken as a voice-vote and received unanimous support from all Senators.
This week, 1031 like-kind exchanges allow the country to repurpose inefficient commercial properties, 1031s actually produce a positive economic benefit, increase income taxes, and create additional jobs by stimulating our economy, and any attempts to cap the 1031 provision is equivalent to repeal. Senators Bennet (CO), Tester (MT) and Kennedy (LA) all showed wide support and understanding of our data and points of impact.
The efforts are not over and work still needs to be done. Accruit will participate in additional Hill meetings in the coming weeks. We still ask that anyone who may be impacted by a change in the 1031 code, please
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#Revolutionize1031 at FEA 2021
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#Revolutionize1031 at FEA 2021
Last week, several members of Accruit joined other industry colleagues at the annual FEA conference in Chicago to hear about the latest updates regarding tax reform and the potential impact to 1031s. Through the efforts of the 1031 Coalition, the 1031 industry was successful in ensuring capping 1031s were not part of the revenue offsets presented by the House of Representatives earlier this month. This is a positive outcome as we typically see the Senate follow the lead on tax offsets from the House. Furthermore, on the Senate floor last month, Senator Kennedy (LA) submitted an amendment during a “vote-a-rama” to retain 1031s in their current state. Per the request of Senate Finance Chairman Wyden (OR) the vote was taken as a voice-vote and received unanimous support from all Senators.
This week, 1031 like-kind exchanges allow the country to repurpose inefficient commercial properties, 1031s actually produce a positive economic benefit, increase income taxes, and create additional jobs by stimulating our economy, and any attempts to cap the 1031 provision is equivalent to repeal. Senators Bennet (CO), Tester (MT) and Kennedy (LA) all showed wide support and understanding of our data and points of impact.
The efforts are not over and work still needs to be done. Accruit will participate in additional Hill meetings in the coming weeks. We still ask that anyone who may be impacted by a change in the 1031 code, please -
#Revolutionize1031 at FEA 2021
Last week, several members of Accruit joined other industry colleagues at the annual FEA conference in Chicago to hear about the latest updates regarding tax reform and the potential impact to 1031s. Through the efforts of the 1031 Coalition, the 1031 industry was successful in ensuring capping 1031s were not part of the revenue offsets presented by the House of Representatives earlier this month. This is a positive outcome as we typically see the Senate follow the lead on tax offsets from the House. Furthermore, on the Senate floor last month, Senator Kennedy (LA) submitted an amendment during a “vote-a-rama” to retain 1031s in their current state. Per the request of Senate Finance Chairman Wyden (OR) the vote was taken as a voice-vote and received unanimous support from all Senators.
This week, 1031 like-kind exchanges allow the country to repurpose inefficient commercial properties, 1031s actually produce a positive economic benefit, increase income taxes, and create additional jobs by stimulating our economy, and any attempts to cap the 1031 provision is equivalent to repeal. Senators Bennet (CO), Tester (MT) and Kennedy (LA) all showed wide support and understanding of our data and points of impact.
The efforts are not over and work still needs to be done. Accruit will participate in additional Hill meetings in the coming weeks. We still ask that anyone who may be impacted by a change in the 1031 code, please -
How to Pull Off a Last-Minute 1031 Exchange
Real estate investing has gained tremendous traction in the past few years. More and more people are choosing to buy property for investment due to its strong risk / return profile. Businesses continue to grow and expand, resulting in hot and competitive markets. Properties listed for sale can come under contract within hours. Trying to grow your real estate assets in fast-paced real estate markets like Texas, Florida, California, or Colorado can become overwhelming. Nearly every Qualified Intermediary or “QI” still leans on either a purely paper-based system or a makeshift software built for title work. These exchange methods are not only outdated but also inefficient. Forms are subject to human error or get misplaced and sometimes they aren’t even filled out. This is a costly error if an exchanger were the subject of an IRS audit. Forms also take time, a highly sought-after commodity in fast-moving business transactions.
Ideally, a standard forward exchange would begin with the property owner reaching out to their QI before listing the property they would like to sell. But every deal is different, and an exchange can become very complex very quickly. A property owner may find themselves at the closing table ready to sell and an exchange needing to happen. The pen and paper used by so many do not meet the criteria for a rush exchange, let alone a same-day one.
Accruit has more than 20 years of experience as a nationally recognized Qualified Intermediary and Exchange Manager Pro℠ software.
The ability to provide rush and same-day exchanges is just one of the many reasons Exchange Manager Pro℠ makes Accruit stand out. The cloud-based software increases security through two-factor authentication, document retention, and electronic signature capture. Exchange Manager Pro℠ is built on a 1031 exchange rules-based system with wizards to help the client service professionals processing exchanges without constant oversight and feedback. With an estimated increase of 2-3x the number of exchanges processed per person. Users of Exchange Manager Pro℠ can spend more time working with clients and less time with administrative tasks. Accruit holds the highest customer service score in the industry and our new software is another testament to the level of services and satisfaction we provide to our clients
Accruit is now extending these advancements to Title Companies, Qualified Intermediaries, Banks, Attorneys, and others. There are options suited for every business’s needs. Take a look at our Exchange Manager Pro℠ plans – Exchange Facilitator, Managed Service and Software as a Solution. Find the plan that best suits you and your business needs.
Exchange Facilitator clients using our automated software features can take advantage of Exchange Manager Pro℠ increased efficiencies, coupled with the depth of knowledge of Accruit’s team of professionals without having to become QIs themselves. The Exchange Facilitator is an independent consultant and the main point of contact with exchangers regarding 1031 exchanges in the marketplace. Title Companies, Banks, Wealth Advisors and CPAs are often Exchange Facilitator’s. Although Exchange Facilitator’s can be diverse in nature, they all have a common desire to focus their attention and resources on the growth of their core business while also participating in a value-added service for their customers.
Exchange Facilitator Plan Offers Unique Solutions to:No more turning away business or referring to competitors
Provide a better customer experience
Drive a new revenue sourcehttps://js.hscta.net/cta/current.js”> hbspt.cta.load(6205670, ‘7e7c17ab-6957-4a14-9054-a82c95420e0a’, {“region”:”na1″});
Managed Service clients can easily upload necessary documents and information through the cloud and allow Accruit and Exchange Manager Pro℠ to process the exchange. This allows them to focus on their clients and enjoy a new line of revenue. The Managed Service offering allows white-label processing, embedded Qualified Intermediary (QI) functionality and administration, reporting, tracking and funds management for -
How to Pull Off a Last-Minute 1031 Exchange
Real estate investing has gained tremendous traction in the past few years. More and more people are choosing to buy property for investment due to its strong risk / return profile. Businesses continue to grow and expand, resulting in hot and competitive markets. Properties listed for sale can come under contract within hours. Trying to grow your real estate assets in fast-paced real estate markets like Texas, Florida, California, or Colorado can become overwhelming. Nearly every Qualified Intermediary or “QI” still leans on either a purely paper-based system or a makeshift software built for title work. These exchange methods are not only outdated but also inefficient. Forms are subject to human error or get misplaced and sometimes they aren’t even filled out. This is a costly error if an exchanger were the subject of an IRS audit. Forms also take time, a highly sought-after commodity in fast-moving business transactions.
Ideally, a standard forward exchange would begin with the property owner reaching out to their QI before listing the property they would like to sell. But every deal is different, and an exchange can become very complex very quickly. A property owner may find themselves at the closing table ready to sell and an exchange needing to happen. The pen and paper used by so many do not meet the criteria for a rush exchange, let alone a same-day one.
Accruit has more than 20 years of experience as a nationally recognized Qualified Intermediary and Exchange Manager Pro℠ software.
The ability to provide rush and same-day exchanges is just one of the many reasons Exchange Manager Pro℠ makes Accruit stand out. The cloud-based software increases security through two-factor authentication, document retention, and electronic signature capture. Exchange Manager Pro℠ is built on a 1031 exchange rules-based system with wizards to help the client service professionals processing exchanges without constant oversight and feedback. With an estimated increase of 2-3x the number of exchanges processed per person. Users of Exchange Manager Pro℠ can spend more time working with clients and less time with administrative tasks. Accruit holds the highest customer service score in the industry and our new software is another testament to the level of services and satisfaction we provide to our clients
Accruit is now extending these advancements to Title Companies, Qualified Intermediaries, Banks, Attorneys, and others. There are options suited for every business’s needs. Take a look at our Exchange Manager Pro℠ plans – Exchange Facilitator, Managed Service and Software as a Solution. Find the plan that best suits you and your business needs.
Exchange Facilitator clients using our automated software features can take advantage of Exchange Manager Pro℠ increased efficiencies, coupled with the depth of knowledge of Accruit’s team of professionals without having to become QIs themselves. The Exchange Facilitator is an independent consultant and the main point of contact with exchangers regarding 1031 exchanges in the marketplace. Title Companies, Banks, Wealth Advisors and CPAs are often Exchange Facilitator’s. Although Exchange Facilitator’s can be diverse in nature, they all have a common desire to focus their attention and resources on the growth of their core business while also participating in a value-added service for their customers.
Exchange Facilitator Plan Offers Unique Solutions to:No more turning away business or referring to competitors
Provide a better customer experience
Drive a new revenue sourcehttps://js.hscta.net/cta/current.js”> hbspt.cta.load(6205670, ‘7e7c17ab-6957-4a14-9054-a82c95420e0a’, {“region”:”na1″});
Managed Service clients can easily upload necessary documents and information through the cloud and allow Accruit and Exchange Manager Pro℠ to process the exchange. This allows them to focus on their clients and enjoy a new line of revenue. The Managed Service offering allows white-label processing, embedded Qualified Intermediary (QI) functionality and administration, reporting, tracking and funds management for -
How to Pull Off a Last-Minute 1031 Exchange
Real estate investing has gained tremendous traction in the past few years. More and more people are choosing to buy property for investment due to its strong risk / return profile. Businesses continue to grow and expand, resulting in hot and competitive markets. Properties listed for sale can come under contract within hours. Trying to grow your real estate assets in fast-paced real estate markets like Texas, Florida, California, or Colorado can become overwhelming. Nearly every Qualified Intermediary or “QI” still leans on either a purely paper-based system or a makeshift software built for title work. These exchange methods are not only outdated but also inefficient. Forms are subject to human error or get misplaced and sometimes they aren’t even filled out. This is a costly error if an exchanger were the subject of an IRS audit. Forms also take time, a highly sought-after commodity in fast-moving business transactions.
Ideally, a standard forward exchange would begin with the property owner reaching out to their QI before listing the property they would like to sell. But every deal is different, and an exchange can become very complex very quickly. A property owner may find themselves at the closing table ready to sell and an exchange needing to happen. The pen and paper used by so many do not meet the criteria for a rush exchange, let alone a same-day one.
Accruit has more than 20 years of experience as a nationally recognized Qualified Intermediary and Exchange Manager Pro℠ software.
The ability to provide rush and same-day exchanges is just one of the many reasons Exchange Manager Pro℠ makes Accruit stand out. The cloud-based software increases security through two-factor authentication, document retention, and electronic signature capture. Exchange Manager Pro℠ is built on a 1031 exchange rules-based system with wizards to help the client service professionals processing exchanges without constant oversight and feedback. With an estimated increase of 2-3x the number of exchanges processed per person. Users of Exchange Manager Pro℠ can spend more time working with clients and less time with administrative tasks. Accruit holds the highest customer service score in the industry and our new software is another testament to the level of services and satisfaction we provide to our clients
Accruit is now extending these advancements to Title Companies, Qualified Intermediaries, Banks, Attorneys, and others. There are options suited for every business’s needs. Take a look at our Exchange Manager Pro℠ plans – Exchange Facilitator, Managed Service and Software as a Solution. Find the plan that best suits you and your business needs.
Exchange Facilitator clients using our automated software features can take advantage of Exchange Manager Pro℠ increased efficiencies, coupled with the depth of knowledge of Accruit’s team of professionals without having to become QIs themselves. The Exchange Facilitator is an independent consultant and the main point of contact with exchangers regarding 1031 exchanges in the marketplace. Title Companies, Banks, Wealth Advisors and CPAs are often Exchange Facilitator’s. Although Exchange Facilitator’s can be diverse in nature, they all have a common desire to focus their attention and resources on the growth of their core business while also participating in a value-added service for their customers.
Exchange Facilitator Plan Offers Unique Solutions to:No more turning away business or referring to competitors
Provide a better customer experience
Drive a new revenue sourcehttps://js.hscta.net/cta/current.js”> hbspt.cta.load(6205670, ‘7e7c17ab-6957-4a14-9054-a82c95420e0a’, {“region”:”na1″});
Managed Service clients can easily upload necessary documents and information through the cloud and allow Accruit and Exchange Manager Pro℠ to process the exchange. This allows them to focus on their clients and enjoy a new line of revenue. The Managed Service offering allows white-label processing, embedded Qualified Intermediary (QI) functionality and administration, reporting, tracking and funds management for -
Take Action To Protect Section 1031 Like-kind Exchanges – Tax Reform Update
The White House recently released details of President Joe Biden’s proposed $1.8 trillion American Families Plan. The Plan includes a cap on gains deferred through a 1031 exchange as a way to defray part of the Plan’s overall cost. The proposed limitation to 1031 exchanges would negatively impact American families and businesses.
This week, House Ways and Means Chairman Richard Neal notified the Committee’s members to be ready for the Committee reconciliation markup September 9-14. The Committee’s mark-up of their portion of the reconciliation bill will include all tax-related items in the legislation -this may include the proposed cap on Section 1031.
By clicking ‘take action today’ below you can quickly and easily send a letter to your representatives to let them know they should preserve Section 1031 rules and regulations in their current state. -
Take Action To Protect Section 1031 Like-kind Exchanges – Tax Reform Update
The White House recently released details of President Joe Biden’s proposed $1.8 trillion American Families Plan. The Plan includes a cap on gains deferred through a 1031 exchange as a way to defray part of the Plan’s overall cost. The proposed limitation to 1031 exchanges would negatively impact American families and businesses.
This week, House Ways and Means Chairman Richard Neal notified the Committee’s members to be ready for the Committee reconciliation markup September 9-14. The Committee’s mark-up of their portion of the reconciliation bill will include all tax-related items in the legislation -this may include the proposed cap on Section 1031.
By clicking ‘take action today’ below you can quickly and easily send a letter to your representatives to let them know they should preserve Section 1031 rules and regulations in their current state. -
Take Action To Protect Section 1031 Like-kind Exchanges – Tax Reform Update
The White House recently released details of President Joe Biden’s proposed $1.8 trillion American Families Plan. The Plan includes a cap on gains deferred through a 1031 exchange as a way to defray part of the Plan’s overall cost. The proposed limitation to 1031 exchanges would negatively impact American families and businesses.
This week, House Ways and Means Chairman Richard Neal notified the Committee’s members to be ready for the Committee reconciliation markup September 9-14. The Committee’s mark-up of their portion of the reconciliation bill will include all tax-related items in the legislation -this may include the proposed cap on Section 1031.
By clicking ‘take action today’ below you can quickly and easily send a letter to your representatives to let them know they should preserve Section 1031 rules and regulations in their current state. -
Take Action To Protect Section 1031 Like-kind Exchanges – Tax Reform Update
The White House recently released details of President Joe Biden’s proposed $1.8 trillion American Families Plan. The Plan includes a cap on gains deferred through a 1031 exchange as a way to defray part of the Plan’s overall cost. The proposed limitation to 1031 exchanges would negatively impact American families and businesses.
This week, House Ways and Means Chairman Richard Neal notified the Committee’s members to be ready for the Committee reconciliation markup September 9-14. The Committee’s mark-up of their portion of the reconciliation bill will include all tax-related items in the legislation -this may include the proposed cap on Section 1031.
By clicking ‘take action today’ below you can quickly and easily send a letter to your representatives to let them know they should preserve Section 1031 rules and regulations in their current state.