IPE 1031 IS OPEN FOR BUSINESS AND STANDS READY TO ASSIST WITH YOUR I.R.C. SECTION 1031 EXCHANGE
At IPE 1031, we take pride in building strong relationships with our exchangers and their advisors, and we in turn greatly appreciate the trust you have placed in us over the years. We are open for business and stand ready to assist with your exchange transaction. IPE 1031 has plans and procedures in place to ensure all of our exchangers receive the same customized value they expect, and their exchanges remain unaffected by the recent impact of COVID-19 on our communities. With this in mind, we are keeping a close eye on the evolving circumstances surrounding the virus, responding to information as it is presented to us, and preparing for all scenarios, with the end result being continued service.
What We Are Doing
IPE 1031 and all of its team members can be contacted via phone, email, or via our website. In other words, it is business as usual. General inquiries to IPE 1031 can be made at email@example.com and additional contact information can be found at our website: www.ipe1031.com. Please do not hesitate to contact us with your questions or concerns in these uncertain times.
If you need a personal exchange consultation, we would be happy to schedule a conference call at a time that works with your schedule and situation. If you have an ongoing exchange, our team members are here to assist you with finding the answers to your questions, and below we have included some information on a few of the more common exchange-related questions that we have been hearing.e
|COVID-19 Matters Potentially Affecting 1031 Exchanges:
What if the County Recorder’s Office closes or falls behind on recordings?
Will any of the shut downs and government-mandated closures affect my exchange deadlines?
Per the IRS rules, an extension of the exchange deadlines requires a presidentially declared disaster. In the event of a federally declared disaster, an exchanger may be eligible for an extension, but any such extension would be limited to federally declared disaster areas. While some exchanges could potentially be eligible – where property or parties involved are located in affected disaster areas, other exchanges may not be eligible. Exchangers and their advisors should carefully review any IRS notices regarding extensions and make determinations regarding extensions accordingly. The IPE 1031 team is closely monitoring this situation should the situation change.
Please do not hesitate to contact us with further questions and concerns.
We look forward to hearing from you.