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- New law seeks to protect exchange-company investors
When LandAmerica 1031 Exchange Services Inc. filed for bankruptcy in November 2008, the company was holding nearly $420 million entrusted by its 450 investors. Creditors got most of that money. But under a resolution finalized in 2009, exchange customers should receive 25 cents to 70 cents for every dollar owed. ...
1031 exchange law tax 31 Jul 2010 - Michael Halloran, CEO of NES Financial, Comments on 1031 Protections in Financial Reform Bill
SAN JOSE, Calif.----Michael Halloran, president and CEO of NES Financial, has attacked the final version of The Consumer Financial Protection Act of 2010 for avoiding any substantive consumer protection for thousands of citizens in a critical sector of the U.S. economy.
1031 exchange law tax 31 Jul 2010 - NES Financial Continues Strong Growth As Solutions, Initiatives Resonate with Business and Public
SAN JOSE, Calif.----For the first half of 2010, NES Financial has announced the company has seen continued strong momentum and growth, driving initiatives and releasing solutions that provide additional consumer protection to businesses and the public.
1031 exchange law tax 31 Jul 2010 - Lynch signs 1031 exchange tax fix
About 30 investors, assessed by the state Department of Revenue Administration for owing a total of $5 million in back taxes on various investments, are off the hook, thanks to a bill signed into law July 8 by Gov. John Lynch.The bill retroactively allows investors to engage in real estate exchanges permitted by federal law without paying capital gains taxes."Im very, very pleased," said George ...
1031 exchange law tax 31 Jul 2010 - Taxpayers Cram Hearing; Subpoenas Ordered
It was 1 a.m. The citys tax assessor, Bill OBrien, had just heard New Haven taxpayers and lawmakers decry him for six straight hours. Misperceptions, he said of the invective; stress because of a flagging economy. Moments later, Alderman Michael Smart, who conducted the standing-room-only public hearing, offered a different take. We cant get any straight answers, he said of OBrien and ...
1031 exchange law tax 31 Jul 2010 - Mark Easton
Tension at the heart of UK's drug classification
1031 exchange law tax 31 Jul 2010 - Regulatory Reform Bill Comes Up Short For Some Investors
Fraud Victims Say Legislation Doesn't Go Far Enough The U.S. Senate is on the brink of approving some of the most sweeping economic reforms our nation has ever seen. Supporters say the Wall Street reform bill, set for approval by the Senate this week, will help protect everything from our credit cards to our mortgages. But critics say this massive bill will only make our economic system more ...
1031 exchange law tax 31 Jul 2010
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