Benefits of the 1031 Exchange: Improved Exchanges, Reverse Exchanges and More (AHAO18D)

  • Product Format
  • Pre Recorded Webinar
  • Presenter(s)
  • Greg Lehrmann , Elaine Simpson
  • Conference Date
     
  • Thursday, October 4, 2018
     
  • Aired Time
  • 1:00 pm ET - 12:00 pm CT - 11:00 am MT - 10:00 am PT
  • Length
  • 100 minutes

Enjoy the Tax Benefits of a 1031 Exchange Before it’s too Late!

In the context of real estate and taxation law, IRC Section 1031 (a) (1) would be the closest personification of the proverb "Make hay while the sun shines" – especially now with threats to remove 1031 exchanges from the tax code! People who understand the 1031 provision in its entirety have been using it in the best possible manner and reaping rewards, but there’s a still vast majority that finds it difficult to wrap their heads around the various terms and clauses that mystify and keep them away from 1031 exchanges.

Join real estate and taxation expert Greg Lehrmann to bust the myths that surround 1031 tax-deferred exchanges. Lehrmann will explain the benefits of 1031 exchanges, improvement exchanges, reverse exchanges, and also discuss the prerequisites to qualify, entity issues, exchange time frames, and other legalities around 1031 exchanges. The core agenda of discussing “benefits of exchanging versus traditional buying/selling and paying taxes” will be supplemented by FAQs on personal property exchanges; deferring the right proportion of tax; and understanding of exchange accommodation titleholder (EAT) and qualified intermediary (QI), among others. Lehrmann will specifically spare the last fifteen minutes of the webinar for questions and answers.

After attending this webinar, you will clearly understand why people perform exchanges; when the exchanges can be done; and how to protect exchangers. Plus, you’ll be confident in your ability to advise clients about 1031 exchanges.

Session Highlights

This session will bring you up to speed with:

  • The benefits of “exchanging” versus selling and paying taxes
  • What qualifies for exchanges – the surprising breadth of “like-kind” with some property types
  • Personal property exchanges – which are more limited than real estate and minerals
  • The difference between “exchanges” and “swapping”
  • Improvement exchanges
  • Reverse exchanges
  • Entity issues
  • How to defer all/some of the tax
  • How to ensure your exchange is done properly and safely

NASBA & IRS Category of Study: Taxes

Level: Basic

Who Should Attend

  • Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Tax Practitioners
  • Accountants
  • Bankers
  • Financial Advisors
  • Small Business Owners
  • Attorneys
  • Title Company Personnel
  • Investors
  • Real Estate Fund Professionals
  • Realtors and Developers
  • Estate Managers
  • Property Owners
  • Title Company Personnel
  • Real Estate Brokers
  • Principals
 

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About the Presenter(s)

Greg LehrmannGreg Lehrmann is an attorney who is Board Certified in Commercial Real Estate Law and Residential Real Estate Law by the Texas Board of Legal Specialization, and is part of the 2% of attorneys in Texas who are double-board certified. He has a B.B.A. with Honors in Accounting from The University of Texas and a J.D. from The University of Texas School of Law. He is a past president of the Fort Worth Land Title Association, and a member of the Texas Bar Foundation.

Mr. Lehrmann is Texas/Oklahoma division manager with Asset Preservation, Inc. API, a subsidiary of Stewart Title Company, is a leading national IRC §1031 Qualified Intermediary and has handled over 170,000 exchanges throughout the country. Mr. Lehrmann has 34 years’ experience in commercial and residential real estate law. He dedicates a significant portion of his time speaking to attorneys, CPAs, escrow officers, real estate agents/brokers and investors in Texas and Oklahoma to improve investment returns through IRC Section 1031. His presentations feature many real-life exchange scenarios to illustrate a wide range of investment and tax strategies.

Elaine SimpsonElaine Simpson has been employed in the housing industry since 1986. Starting on site as a leasing agent, she moved up, working as assistant manager, site manager, executive director and finally senior regional manager with communities in several states and portfolios containing more than 1400 units. Ms. Simpson has experience in Section 8, Section 236, and Low Income Housing Tax Credit programs, as well as market rate and luxury rent communities. Ms. Simpson has worked for local and national industry leading companies and throughout her career, has trained new managers across the country, assisted in creating "Best Practices" and procedure manuals, participated in numerous task forces during national mergers, acquisitions and dispositions and headed "turn around" teams assigned to troubled communities, successfully increasing income while decreasing expenses and allowing the property to recover economic viability.