Effects of COVID-19 on 1031 Exchange Deadlines

By: Katherine McKain | 03.20.2020

  Following President Trump’s emergency declaration on March 13, 2020, with respect to the COVID-19 outbreak, the U.S. Treasury Department (the “Treasury Department”) and Internal Revenue Service (“IRS”) issued guidance on special payment relief to individuals and businesses. However, as of the date of this post, no extensions or other relief apply to 1031 exchanges. Read…

Guidance on Tax Payments Following COVID-19 Outbreak

By: Cynthia Boyle Lande | 03.19.2020

  UPDATE: 4/10/2020 Yesterday, the IRS announced it is expanding the scope of what returns and taxes are now due July 15, 2020 (similar to previous announcements below). The new deadline more broadly applies to taxpayers with a filing or payment deadline on or after April 15 and before July 15, whether that is an Read…