After rejecting several properties in its attempt to find suitable like-kind property and with the closing date drawing near, Ocmulgee Fields assigned its rights to sell Wesleyan Station to Security Bank, a qualified intermediary
, which in turn sold the property to the trusts.
Assign his or her rights to an underlying real estate sales contract to the qualified intermediary
Under agency limitations, a qualified intermediary
may not be the taxpayer or a related party who falls within the definition of a "disqualified person.
Harry carefully identified his replacement property and sent the Qualified Intermediary
an identification notice within the 45 calendar day period reguired by the regulations.
2000-37 is similar to a qualified intermediary
within the meaning of Treas.
In accordance with section 1031 a taxpayer must appoint a Qualified Intermediary
on such transactions in order to appropriately comply with the tax code.
Organizations need a blend of the right software, tax expertise and a qualified intermediary
(QI) in order to institute a LKE program that will help them realize the biggest savings.
A qualified intermediary
(QI) is a foreign financial intermediary (or foreign branch of a U.
The like-kind exchange process requires the participation of a Qualified Intermediary
and an escrow agent.
The most important aspect of an LKE program is the use of a qualified intermediary
(QI) in the sales and purchasing process.
The revenue procedure used an example of a taxpayer selling low-basis relinquished property through a qualified intermediary
to an unrelated third party and then buying high-basis property through an intermediary from a related party.
One of the Nation's Leading Providers of 1031 Qualified Intermediary
Services Now Operates Under a New Name