Vesting and finance issues related to tax-deferred exchanges under IRC Section 1031

Article Abstract:

New interpretations of the requirements for completing a viable Internal Revenue Code Section 1031 tax-deferred exchange are discussed. The four basic forms of tax-deferred exchange structures are considered.

Laws, regulations and rules, Tax shelters

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"Reverse" like-kind exchanges

Article Abstract:

The Internal Revenue Service is drawing up the Revenue Procedure that will give taxpayers information about 'reverse like-kind exchanges' under Section 1031 of the Internal Revenue Code of 1986. It is likely that the Revenue Procedure will provide protection for 'parking' or 'accommodation' transactions in some situations.

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Real Estate Purchasers in New York May Be Liable for Seller's Sales Tax Liability Where Transaction is Bulk Sale

Article Abstract:

Bulk Sale is any transfer of business assets other than in the ordinary course of business while business assets include assets of a business pertaining directly to the conduct of the business, whether such assets are intangible, tangible or real property. The purchaser will be liable for the seller's sales tax in a bulk sale.

New York, Bulk sales

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