|
| |
How should I choose an accommodator?
Referrals from other investors are obviously
the most reliable. You should also look for the following:
Tax and financial expertise
High ethical standards & professional regulation
Independence
Long-term commitment to service
Fair & reasonable fees
CHEAP IS NOT GOOD!
We can’t emphasize enough how important it is to
have your work done by professionals; especially when you are dealing in
hundreds of thousands of dollars. As they say, “a little bit of knowledge can be
a dangerous thing.” In our 25-plus years of working with real estate tax savings
techniques, we have seen countless nightmares where others have botched up on
1031 documents, if they were even done at all; just to save a few dollars. Those
savings didn’t seem so large in relation to the thousands of dollars in extra
taxes, penalties and interest assessed by IRS because of improper handling and
documentation of an exchange. Always have a professional with proven real life
experience handle your work when dealing with IRS issues.
If we are unable to answer your specific tax questions, you can contact any of
the tax-savvy accountants included in the link section of this web site. What
you would pay them for consulting is a drop in the bucket compared to the amount
of money at stake.
|