Guaranteed Services
While all intermediary companies offer advice, their exchange agreements protect them from any liability resulting from bad advice. This means, you will be financially responsible for their mistakes.
100% Penalty Protection
At Strategic Property Exchanges, we offer a 100% guarantee in writing. For attorneys and accountants our written opinion will protect you from malpractice liability.
One on One Service
Deferring income taxes with Section 1031 exchanges can be a daunting task. That is why each of our 1031 Asset Management customers has a dedicated exchange specialist that is knowledgeable regarding the details of your business and your potential transactions.
Expertise
That knowledge regarding your business as well as our exchange expertise helps us develop better strategies to reduce your income taxes. We are able to address your needs on your first contact and determine quickly what additional information we may need.
Communication
Our web based software allows you to access information quickly to determine what additional steps need to be taken to finalize each 1031 exchange.
Follow through
Your dedicated exchange specialist monitors each of your exchange transactions to let you know the status of each exchange and what the next steps are to finalizing your transaction. These can include verifying the details of a sale or purchase, confirming the properties to be matched with the purchase or sale and preparing the final tax and financial reporting documentation.
Trust
Our attention to detail and responsibility for all aspects of your 1031 exchanges allows you to be assured that your 1031 exchanges are handled competently and completely. Our tax and financial reporting documentation provides assurance for both income tax authorities and financial reporting purposes that the 1031 exchanges transactions are properly handled.
Financial Matters - Bank Accounts: Each client receives an individual account in their name and under their tax identification number, accessible 24/7 with a secure password through our internet portal.
- 1031 Web Portal: All of your transactions and documents are available 24/7 through our secure web portal.
- Fiduciary Bond: Protecting your proceeds held on deposit from theft or crime.***As of August 15, 2009 this policy has been removed in the 1031 industry. Most state laws require that in the absence of a fidelity bond, you must either (1) Hold all client funds in Qualified Escrow or Qualified Trust accounts; or (2) Post deposits of cash or letters of credit equal to the amount of the fidelity bond required for that state. Such action should bring you into compliance with the laws in California, Colorado, and Washington. Idaho does not permit a Qualified Escrow or Qualified Trust to be substituted for bonds or deposits. The same alternatives will be available in Maine (effective 9/12/09) and Oregon (effective 1/1/10) if you operate without a fidelity bond when those laws become effective.
- FDIC Insurance: Existing FDIC insurance has been increased to $250,000. FDIC insurance can be increased by splitting accounts; or by purchasing additional FDIC insurance for modest additional cost
Handling Your Transaction - Errors and Omissions Insurance: Errors and Omissions Insurance to protect you from any errors on our part in the course of the Exchange.
Exchange Review: Each 1031 Exchange is reviewed by our Board Certified Tax Attorney
Exchange Monitoring: Each Section 1031 Exchange is monitored by our Board Certified Tax Attorney
Unlimited Consultations: You can consult with our Board Certified Tax Attorney as often as needed.
Tax Reporting
- Tax Reporting: Preparation of your income tax form to report the transaction (Form 8824)
Tax Opinion: A tax opinion, provided by a Board Certified Tax Attorney, which protects your Exchange indefinitely against any IRS challenges
Tax Deferral Options Review: A complete review of your tax deferral options (including options other than Section 1031)
