1031 Vocabulary
Identification period
The forty-five day period beginning the day following the transfer of relinquished property and ending at midnight on the forty-fifth day.  During the identification period, the exchanger must identify replacement property to successfully complete a section 1031 exchange.
 
Home arrow Book Reviews arrow Joseph E. McKinney
Thursday, 11 March 2010
PDF Print E-mail
"Tax practitioners will welcome Prof. Borden's book explaining the possibilities (and perils) of tax-free exchanges. Distilled from years of experience working with (and writing about) tax-free exchanges, the book offers an encyclopedic but practical treatment of the subject. Enlivened with many examples and using language comprehensible to readers who are not expert in the exchange area, the book is divided into topical segments which direct the reader to the precise type of exchange the reader seeks to structure. Each segment contains highly practical and comprehensive guidance. Moreover the book features a highly useful glossary of terms and a section referencing significant cases, revenue rulings and procedures, and publications. Those interested in the area will find it a useful work to have at hand."

Joseph E. McKinney, JD, CPA, Tax Law Professor and Attorney at Law, Topeka, Kansas

 
< Prev   Next >