The Role of the IRS with Regard to a 1031 Exchange – Part 1: Audit
The acronym “IRS” often stirs anxiety among taxpayers—and understandably so. When it comes to a 1031 exchange, many wonder what role the IRS plays, what it scrutinizes, and what actions might trigger an audit. IRS Oversight of 1031 Exchanges The IRS is tasked with monitoring and enforcing compliance with the rules and regulations governing 1031 […]
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