IRS Issues Fact Sheet on Section 1031 Exchanges

Eric Odum MIBS
May 28, 2008 — 1,169 views  
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In September of 2007, the Inspector General of the US Treasury issued a report criticizing the IRS for their oversight of Section 1031's. Well, the IRS has just responded. Can we expect increased scrutiny of Section 1031 exchanges now? Time will tell, but the IRS issued a Fact Sheet in response to the Inspector General's criticism.

IRS' Fact Sheet:

http://www.irs.gov/newsroom/article/0,,id=179801,00.html

Treasury's Original Report:

http://www.ustreas.gov/tigta/auditreports/2007reports/200730172_oa_highlights.pdf

Eric Odum MIBS

Triple Net Lease Real Estate

Eric Odum is a veteran in the real estate and financial services industry with over 13 years of experience. Mr. Odum holds a Masters in International Business in Finance from the University of South Carolina (consistently ranked as one of the top International Business Schools by US News and World report).