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Exchange Manager Pro Successfully Achieves SOC 2 Type II Compliance
Exchange Manager Pro ℠
The transfer of the relinquished property to the Qualified Intermediary, and the receipt of the replacement property from the Qualified Intermediary is considered an exchange. To be compliant with IRC Section 1031, the transaction must be properly structured, rather than being a sale to one party followed by a purchase from another party. Exchange Manager Pro SM 1031 exchange software revolutionizes the way in which the Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange process is executed. Not all 1031 exchanges are the same and neither are the businesses providing exchange services, which is why we provide multiple offerings to leverage the value of Exchange. Manager Pro SM .
- IRC § 1031 Compliance: Holds you accountable to the IRC § 1031 regulations through a consistent, standardized workflow.
- Administrative Efficiency: Improves process flow, reducing duplicate entry, and leveraging technology for routine data collection.
- Simplify and Accelerate Document Creation: Reduces the time to create and distribute documents to as little as 8 minutes.
- System Notifications: Automates key communications such as deadline reminders and status updates.
- Central Repository for all The transfer of the relinquished property to the Qualified Intermediary, and the receipt of the replacement property from the Qualified Intermediary is considered an exchange. To be compliant with IRC Section 1031, the transaction must be properly structured, rather than being a sale to one party followed by a purchase from another party. Exchange Documents and Other Data: Retains all exchange documents, system notifications, notes, and exchange data in cloud-based Microsoft Azure environment.
Whether you are just getting started offering exchange services or are a seasoned Qualified Intermediary (QI), The transfer of the relinquished property to the Qualified Intermediary, and the receipt of the replacement property from the Qualified Intermediary is considered an exchange. To be compliant with IRC Section 1031, the transaction must be properly structured, rather than being a sale to one party followed by a purchase from another party. Exchange Manager Pro SM provides 1031 workflow automation and standardize the 1031 exchange process across your organization.
1031 Exchange Service Offerings
Managed Service
Designed for 1031 advisory businesses such as Title/ An escrow agreement provides for the placement of money or other assets in the control of an independent third party in order to protect the parties involved in a transaction. The funds or assets are held by the escrow agent until it receives the appropriate instructions or until predetermined contractual obligations contained in the escrow agreement have been fulfilled. Escrow , Banks, CPAs, Attorneys, DST providers, Commercial and Residential Brokerages, etc.
Managed Service allows you to partner with our team of experts to act as your back-office Qualified A person acting to facilitate an exchange under section 1031 and the regulations. This person may not be the taxpayer or a disqualified person. Section 1.1031(k)-1(g)(4)(iii) requires that, for an intermediary to be a qualified intermediary, the intermediary must enter into a written "exchange" agreement with the taxpayer and, as required by the exchange agreement, acquire the relinquished property from the taxpayer, transfer the relinquished property, acquire the replacement property, and transfer the replacement property to the taxpayer. Intermediary (QI), allowing your business to provide 1031 exchanges to your existing clientele without jeopardizing your advisory status.
Managed Service Benefits
- No more turning away business or referring exchanges to competitors
- Increase profits through a shared revenue model
- Seamless transfer of information to process an exchange
Software as a Service (SaaS)
Designed for independent Qualified Intermediaries or businesses with an existing Qualified A person acting to facilitate an exchange under section 1031 and the regulations. This person may not be the taxpayer or a disqualified person. Section 1.1031(k)-1(g)(4)(iii) requires that, for an intermediary to be a qualified intermediary, the intermediary must enter into a written "exchange" agreement with the taxpayer and, as required by the exchange agreement, acquire the relinquished property from the taxpayer, transfer the relinquished property, acquire the replacement property, and transfer the replacement property to the taxpayer. Intermediary subsidiary.
License the patented, proprietary technology of The transfer of the relinquished property to the Qualified Intermediary, and the receipt of the replacement property from the Qualified Intermediary is considered an exchange. To be compliant with IRC Section 1031, the transaction must be properly structured, rather than being a sale to one party followed by a purchase from another party. Exchange Manager Pro SM to build your business while exceeding client expectations.
SaaS Benefits
- Grow your business without increasing staffing
- Ensure safe-harbor compliance through a consistent online workflow
- Turnaround exchanges in as little as 8 minutes
- Drive confidence in storage and security of exchange information
