Tag Archives: section 1031

Section 1045: Let’s Fix It

If Congress is on the hunt for ideas to make life better for startups and emerging growth companies, here is another: “Amend Section 1045 of the Internal Revenue Code to extend the 60 day rollover period to 6 months.” First … Continue reading

Posted in Startup Law, Startups | Tagged , , , | 2 Comments

Sure, You’ve Heard of 1031 Exchanges, But What About 1045 Exchanges?

By Joe Wallin & Michael Gentile The Internal Revenue Code contains a number of preferential tax treatment provisions for small businesses. One that is often overlooked is Section 1045, which generally permits a non-corporate taxpayer to elect to defer recognizing gain on the … Continue reading

Posted in Federal Law & Regulation | Tagged , , , , , , , , , , , , , , , | 3 Comments