IRS Issues Fact Sheet on Section 1031 Exchanges
Eric Odum MIBSMay 28, 2008 — 1,412 views
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).