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Preparing for a Successful 1031 Exchange

A 1031 exchange is a great way for companies to defer capital gains taxes when they replace their relinquished assets for new like-kind assets. By using a 1031 exchange, companies are able to leverage their capital by using the money that would have gone to taxes towards their new like-kind investments. However, despite careful planning, it is common for exchangers to take an unexpected turn; companies can struggle to sell a relinquished property or to identify a new one, or a forward exchange needs to be changed to a reverse. When these situations occur, the exchange documentation may need to be modified, taking a great deal of time and extra expenses.

A successful 1031 exchange takes careful selection of a qualified intermediary (QI); it’s important for companies to work with a skilled team who is able to restructure the account documentation at the last minute. An experiences and capable QI knows how to structure your exchange best to handle last-minute developments efficiently and cost-effectively.

NES Financial has a perfect solution for your exchange. Our solutions combine proprietary state-of-the-art technology with subject-matter expertise in banking, real estate, leasing, transportation and 1031 regulations. Because of our industry-leading practices, we have become the nation’s leading provider of 1031 exchanges for the legal profession, banking industry, Fortune 500 companies, and government agencies.

NES Financial’s 1031 Exchange Solution can save you both time and money, be sure to work with the right qualified intermediary who’s capable to handle any last-minute changes, and who can administer your exchange with the highest level of security, transparency, compliance and efficiency.

Let Us Know What You Think

NES Financial welcomes your questions and opinions.  Allow us to address your business’s needs by contacting us at info@nesf.com, or comment on this post below!  We look forward to hearing from you!

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2011-09-08T12:00:23+00:00 September 8th, 2011|Categories: 1031 Exchange, Industry Insights, Uncategorized|Tags: , |