Friday, September 19, 2003 Dennis Helmick will be a speaker at the 2nd Annual Real Estate
Development Incentives Workshop, sponsored by The Seminar Group.
For
more information please click:
http://www.theseminargroup.net/htmls/seminars/03reiwa/index.htm
IRS GIVES GREEN LIGHT TO HUSBAND-WIFE SINGLE MEMBER LLCS
In a Recent Revenue Procedure 2002-69, issued October 10, 2002, the IRS gave the green light to husband and wife single member LLC s in Community Property States.
This Ruling has important implications for husbands and wife who are hold investment property as community property. They can now sell such their old property as husband and wife and buy their new property in a jointly owned Limited Liability Company (LLC).
Being able to complete the exchange in an LLC form provides the husband and wife with liability protection while still enjoying the benefits of tax-deferral under Section 1031.
For a further discussion of LLC s and 1031 exchanges, please click on the 1031 Exchanges Explainge" tab above and go the the LLC page in the "More Information" box on the right.
October 4th & 5th, 2002, Friday and Saturday
FEDERATION OF
EXCHANGE ACCOMMODATORS
8th Annual National Conference and General Membership
Meeting
Monte Carlo Resort & Casino, Las Vegas, Nevada
Dennis Helmick, President and House Counsel for Exchange Facilitator Corporation was elected to the Board of Directors of the Federation of Exchange Accommodators at this convention. He was also elected Vice President of the Pacific Northwest Region.
To learn more about the Federation of Exchange Accommodators go to www.1031.org .
Copyright 2002, Exchange Facilitator Corporation, all rights reserved