FEA Launches 1031 Tax Reform Advocacy Website

Tax-Reform

The FEA, Federation of Exchange Accommodators, has launched 1031 Tax Reform. This new online resource is for QIs and all those concerned about the implications of 1031 tax reform and proposed repeal legislation on §1031 Exchanges.

Be Informed, Participate, and Advocate

The site is a central place to be informed, participate, and advocate for the §1031 industry relating to tax reform and proposed repeal.

  • Information about the legislative proposals that severely limit or call for the outright repeal of IRC §1031 and like-kind Exchanges.
  • A central location to educate and advocate for the §1031 industry regarding the legislative and Administration proposals.
  • Contact your lawmakers through the website, voice your opposition to the proposals, and let them know how §1031 Exchanges benefit you or your clients.

Currently,  two legislative proposals and one Administration proposal are calling  for the repeal of §1031 Exchanges as part of comprehensive tax reform? Learn more about the repeal issue and ways to advocate for yourself and your §1031 clients at 1031 Tax Reform.

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"WASHINGTON STATE LAW, RCW 19.310.040, REQUIRES AN Exchange FACILITATOR TO EITHER MAINTAIN A FIDELITY BOND IN AN AMOUNT OF NOT LESS THAN ONE MILLION DOLLARS THAT PROTECTS CLIENTS AGAINST LOSSES CAUSED BY CRIMINAL ACTS OF THE Exchange FACILITATOR, OR HOLD ALL CLIENT FUNDS IN A QUALIFIED ESCROW ACCOUNT OR QUALIFIED TRUST." RCW 19.310.040(1)(b) (as amended)

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