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HomeUnion Partners with Accruit

In response to the destruction caused by severe storms, straight-line winds, tornadoes and flooding, the IRS has announced extended tax relief for impacted Taxpayers within the entire states of Tennessee of Arkansas. The below is a summary of the specific tax relief in relation to 1031 Exchanges.

IRVINE, Calif., Nov. 14, 2016 — HomeUnion, an online real estate firm providing all of the services investors need to buy, sell and manage real estate, has formed a partnership with Accruit, a leading qualified intermediary for taxpayers executing like-kind exchanges. The partnership enables HomeUnion’s investor clients to access Accruit’s services, as well as their Certified Exchange Specialists® (CES®), when closing like-kind exchanges in real estate. A like-kind exchange in real estate – also known as a 1031 exchange – allows investors to sell a property and reinvest the proceeds from that sale into a new property to defer capital gains taxes.