Thursday, September 23, 2004

1031 Tax-Deferred Exhanges and the SPECIAL QI 

If you are interested in investing in Real Estate, it is a wise choice to interview and select a Qualified Intermediary to assist you in your transactions.

A good place to start is with the Federation of Exchange Accommodators .
The Federation of Exchange Accommodators (FEA) is the only national trade organization formed to represent qualified intermediaries (QI's), their primary legal/tax advisors and affiliates who are directly involved in Section 1031 Exchanges. A search for their site will also provide you with a locator link.

Formed in 1989, the FEA was organized to promote the discussion of ideas and innovations in the industry, to establish and promote ethical standards of conduct for QI's, to offer education to both the exchange industry and the general public, and to work toward the development of uniformity of practice and terminology within the exchange profession. The FEA also provides timely input and updates on pending State and Federal legislation, Internal Revenue Service and Treasury Rulings, and Court Decisions.

Rememeber, ethical standards are essential in the matter of real estate transactions.

Members of the FEA represent the companies whose primary business is acting as QIs for Section 1031 Exchanges.

The FEA takes an active role in responding to legislative and regulatory actions at both the state and national level. The association has repeatedly presented commentary to the IRS, House Ways and Means Committee and Senate Finance Committee in connection with legislative proposals under review and consideration by Congress to amend IRC Section 1031 and related tax provisions. The FEA has provided commentary and testimony to many state legislatures and regulatory agencies regarding the licensing and regulation of exchange professionals. The FEA remains committed to actively monitoring the issues affecting the exchange industry.

Let us know if you would like further information. Contact

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