accommodating party

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accommodating party

A third party who holds money or other property for a short period of time in order to facilitate a tax-free exchange under Section 1031 of the IRS Code.The third party is called a qualified intermediary in the tax regulations.

Example: Jack sells his office building to Jill for $400,000. Jill pays the money to Larry Lawyer, who keeps it in his escrow account. Larry is the accommodating party. When Jack meets the timing requirements of Section 1031 and wants to buy an apartment building for $1,000,000, Larry will write a check to the seller for $400,000 and Jack will pay the remaining $600,000. In common language, Jack can't have his fingerprints on the money, so an accommodating party is necessary.

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accommodation party			On September 15, 2000, the Internal Revenue Service released Revenue Procedure 2000-37 that provided guidelines for structuring reverse exchanges (a transaction in which replacement property is acquired by an accommodating party before the sale of the relinquished property and held as replacement property to complete the exchange). Do you want 360 days to exchange? Here's how by Michaels, Pamela / Real Estate Weekly Tax shelters require both taxpayers looking for a benefit and, as a minimum, one accommodating party that will act along with the taxpayer to structure a transaction to meet certain criteria. Abusive tax transactions involving exempt organizations by Underwood, Joyce M. / The Tax Adviser But among unionists, David Trimble's more accommodating party is in a fierce electoral fight to the finish with Ian Paisley's totally uncompromising party. Let voters sort out the Stormont squabblers; FORMER NORTHERN IRELAND ... by The Mirror (London, England)			Accion financiada con credito Accion iliquida Accion nominativa Accion preferida a tasa flotante Accion sin derecho a voto Accion sin valor nominal Accion tecnologica Acciones autorizadas Acciones clase A Acciones clase B Acciones comunes Acciones con opciones vigentes Acciones emitidas a valor inflado Acciones en circulacion Acciones no emitidas Acciones no ofrecidas en oferta publica Acciones preferenciales Acciones preferidas convertibles Acciones preferidas de dividendo acumulativo Acciones preferidas no acumulativas Acciones preferidas participativas Acciones que no se puede vender al publico Acciones que se negocian en el mercado extrabursatil Accionista Accionista registrado accommodating party Accommodating Transactions Accommodation Accommodation Bill Accommodation Endorsement Accommodation Endorser Accommodation Line Accommodation loan accommodation party Accommodative Monetary Policy Accommodement Accord and Satisfaction Accord de Participation Accordion Fold Accordion Insert Accordo acquisto-vendita Account Account Activity Account Ad Valorem Duty Account Aggregation Account Analysis Account Balance Account Conflict Account Current Account Executive Account Fee			Accomenda Accommodable Accommodableness accommodare accommodate accommodate accommodate accommodate accommodate accommodate accommodate oneself accommodate oneself to accommodate with Accommodate/Accommodation accommodated accommodated accommodated accommodated Accommodately Accommodateness accommodates accommodates accommodates accommodates accommodating accommodating accommodating accommodating accommodating IOL accommodating lens implant accommodating party Accommodating Transaction Accommodating Transactions accommodatingly accommodatingly accommodatio accommodation accommodation accommodation accommodation accommodation accommodation Accommodation & Office Services Division Accommodation address Accommodation address accommodation addresses accommodation addresses Accommodation and Car Rental Directory Accommodation and Care Fit Index Accommodation and Destination Accommodation and Food Services Accommodation and Real Estate Services Accommodation and Repair Vessel Accommodation and Support Vessel accommodation bill accommodation bill accommodation bill Accommodation Bills Accommodation Bills accommodation bureau Accommodation coach

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