Thursday, May 15, 2008

In September of 2007, the Inspector General of the US Treasury issued a report criticising the IRS for their oversight of Section 1031's. Well, the IRS has just responded. Can we expect increased scrutiny of Section 1031 exchanges now? Time will tell, but the IRS issued a Fact Sheet in response to the Inspector General's criticism.

IRS' Fact Sheet:,,id=179801,00.html

Original report from inspector general:

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