News
Final Regulations Defining Real Property
On November 23, 2020, the IRS issued the final regulations defining real property for Section 1031 purposes. The proposed regulations were issued in June 2020. The…
Marc Brooks featured in Receivership News
Prime West CEO Marc Brooks was recently featured in an article on 1031 Tax Deferred Exchanges in Receivership News. You can read…
California Receivership Newsletter Summer 2020 – Receiverships & 1031 Exchanges
Many of you may know that that I have continually been in the Escrow Business since 1982, but what you may not…
New 2020 California Tax Decision Validates “Drop and Swap” 1031 Exchanges
The California Office of Tax Appeals (“OTA”) finally denied (in a two to one decision) on January 28, 2020 the California Franchise…
45 and 180 Day Extensions for Disaster Areas in California and Iowa
From the FEA Government Affairs Committee: The IRS has issued extensions as follows: California: Lake, Monterey, Napa, San Mateo, Santa Cruz, Solano, Sonoma…