1031 Tax Deferred Exchanges
Protecting Investment Profits
Section 1031 of the Internal Revenue Code allows investors to postpone the recognition of taxes on the exchange of like-kind assets. It is one of the few methods of deferring, or possibly eliminating altogether, taxes on specified assets, such as business or investment property. This frees up finances for investment in other properties.
At Palmer Law Group LLC, we help individuals facilitate 1031 tax deferred exchanges. We have nearly 30 years of taxation law experience. Although our offices are located in Frederick, Maryland, and Northfield, Illinois, we work with individuals throughout the United States and across the globe.