There's no question that 2020 has been a crazy year. This year's Federation of Exchange Same as intermediary, facilitator, or Qualified Intermediary. The party who facilitates a tax-deferred exchange by acquiring and selling property in an exchange to aid the taxpayer in complying with Section 1031 and all applicable rules. Accommodator s (FEA) Conference theme is "Standing Strong in the Winds of Change" and it could not be more appropriate. The conference this year is all virtual, but we anticipate the content to be just as informative as it has been in years past. This is where all of the people in our industry get together and learn from the best among us. Gathering digitally from September 22-25, 2020, we are looking forward to seeing old friends and colleagues and being steeped in learning.
Over four days, 6 classes on 1031 exchanges including potential changes & the pending election will be shared among our peers.
Accruit is honored to have been tapped for the third year in a row to teach the Reverse Exchange Unlike property or non-qualifying property such as securities, cash, notes, partnership interests, etc. Taxpayer who receives boot ("unlike" property) will have to recognize gain to the extent of the net boot received or realized gain, whichever is less. In exchanges, there are two types of boot: cash boot and mortgage boot. Boot camp. Martin S. Edwards (past FEA President) and Jordan Born (current FEA Board member and member of the government affairs and ethics committees) will be teaching this course.
The FEA is such an integral part of our business, which is why Accruit remains a very active member, and can boast that five of our employees hold or have held some type of leadership within the organization, from board member to President. They represent our industry in Washington to ensure that 1031 exchange is protected so that we can continue to serve our clients.
We look forward to learning a lot and bringing that knowledge back to better serve our clients.
Never stop learning.