Codes, Regulations & Rulings
INTERNAL REVENUE CODE ("IRC" OR "IRS TAX CODE")
DEPARTMENT OF THE TREASURY REGULATIONS (IRS REGULATIONS)
IRS REVENUE RULINGS (REV. RUL.)
IRS REVENUE PROCEDURES (REV. PROC.)
IRS PRIVATE LETTER RULINGS (IRS PLRS)
TECHNICAL ADVICE MEMORANDUMS (TAM)
TAX COURT MEMORANDUMS (TC MEMO)
IRS FIELD SERVICE ADVISORY (FSA)
NON-DOCKET SERVICE ADVICE REVIEW (NSAR)
GENERAL COUNSEL MEMORANDUMS
CHIEF COUNSEL ADVISORY
UNITED STATES TAX REPORTER
IRS NEWS RELEASES, NOTICES, TREASURY DECISIONS
- Concise Overview of Sections 1031, 1033, 1034, 721 and 121 of the IRC
- Brief History of Section 1031 of the Internal Revenue Code
- Section 1031 of the Internal Revenue Code (1031 Exchange Investment Property)
- Section 1032 of the Internal Revenue Code (1032 Exchange Corporation Stock for Property)
- Section 1033 of the Internal Revenue Code (1033 Exchange Involuntary Conversion)
- Section 1034 of the Internal Revenue Code (1034 Exchange Repealed)
- Section 1035 of the Internal Revenue Code (1035 Exchange Insurance Policie
- Section 1245 of the Internal Revenue Code (1245 Property)
- Section 1250 of the Internal Revenue Code (1250 Property Depreciable Real Property)
- Section 721 of the Internal Revenue Code (upREIT or Section 1031/721 exchange)
- Section 707 of the Internal Revenue Code (Partnership and Determination of Tax Liability)
- Section 453 of the Internal Revenue Code (Installment Sale Treatment)
- Section 267 of the Internal Revenue Code (Related party transactions)
- Section 121 of the Internal Revenue Code (121 Exclusions, including H.R. 4520
Section 1.1031 of the Department of the Treasury Regulations (Exchange of Investment Property)- Section 1.1032 of the Department of the Treasury Regulations
- Section 1.1033 of the Department of the Treasury Regulations
(Involuntary Conversion) - Section 1.1034 of the Department of the Treasury Regulations
(Repealed) - Section 1.1035 of the Department of the Treasury Regulations
(Exchange of Annuity Contracts) - Section 1.935 of the Department of the Treasury Regulations (Exchange into Guam Property)
- Section 1.721 of the Department of the Treasury Regulations
(Exchange into an upREIT)
- Section 1.707 of the Department of the Treasury Regulations (Partnership Taxation)
- Section 1.453 of the Department of the Treasury Regulations
(Installment Sale Regulations) - Section1.301 of the Department of the Treasury Regulations
(Business/Disregarded Entities) - Section 1.121 of the Department of the Treasury Regulations
(Exclusion on Primary Residence) - Department of the Treasury and the Internal Revenue Service issued proposed regulations that significantly restricted the use of Private Annuity Trusts (PATs).
- Revenue Ruling 2004-86 (Classification of Delaware Statutory Trusts (DSTs) for 1031 exchanges)
- Revenue Ruling 2004-77 (Disregarded entities)
- Revenue Ruling 2003-76 (1035 exchange of annuity contracts)
- Revenue Ruling 2003-56 (1031 exchange with partnership straddling two income tax years)
- Revenue Ruling 2002-83 (Related party 1031 exchanges)
- Revenue Ruling 2002-83 (Related party 1031 exchanges PDF)
- Revenue Ruling 2002-75 (1035 exchange of annuity contracts)
- Revenue Ruling 92-105 (Interest in Illinois Land Trusts constitutes interest in real property)
- Revenue Ruling 90-34 (Direct deeding)
- Revenue Ruling 85-135 (Exchange of two TV stations for assets in another TV station)
- Revenue Ruling 84-121 (Two Party Swap; option payment made with real estate)
- Revenue Ruling 83-70 (1033 exchange from leasehold improvements to interest in real estate)
- Revenue Ruling 83-50 (Section 121 Exclusions; individuals attain age 55)
- Revenue Ruling 83-49 (1033 exchange of condemnation award for not similar use property)
- Revenue Ruling 82-166 (Exchange of gold bullion for silver bullion not like kind under 1031)
- Revenue Ruling 82-96 (Like Kind Exchange of Gold Bullion for Gold Coins)
- Revenue Ruling 80-244 (Exchange of stock stock qualifies for nonrecognition under Section 1036)
- Revenue Ruling 79-402 (Involuntary conversion; replacement property; land and building; basis)
- Revenue Ruling 79-235 (Property received takes completion date of property constructed/sold)
- Revenue Ruling 79-143 (1031 exchange of numismatic coins for bullion-type coins not like kind)
- Revenue Ruling 79-44 (Exchange of jointly owned farm properties; one subject to mortgage)
- Revenue Ruling 78-163 (1031 exchange/bargain sale to a state qualifies for non-recognition)
- Revenue Ruling 78-135 (1031 exchange of partnership interests is not tax-deferred)
- Revenue Ruling 78-4 (Like kind exchange of remainder interests in farm land)
- Revenue Ruling 72-117 (Oil and gas interest is like kind property in 1033 exchange)
- Revenue Ruling 72-456 (1031 exchange closing costs; brokerage commissions)
- Revenue Ruling 67-234 (Section 121 Exclusions; individuals attain age 65)
- Revenue Ruling 67-235 (Section 121 exclusions; clarified; brother and sister each qualify)
- Revenue Ruling 59-229 (Exchange of unencumbered farm lands, buildings, and unharvested crops)
- Revenue Ruling 57-365 (Exchange of assets of one business for assets of another business)
- Revenue Procedure 2008-16
(Safe harbor for 1031 exchange of vacation property or second home) - Revenue Procedure 2005-14
(Sections 1031 and 121 Combined) - Revenue Procedure 2004-51
(Property previously owned by taxpayer before QEAA parking) - Revenue Procedure 2003-39
(LKE Program 1031 tax-deferred exchanges) - Revenue Procedure 2002-69
(H&W; community property; disregarded entities)
- Revenue Procedure 2002-22
(Tenant-in-common or fractional ownership interests) - Revenue Procedure 2000-37
(Reverse 1031 exchanges structured with parking arrangements) - Revenue Procedure 1992-91
(1031 Exchange of emission allowances for like-kind property) - Revenue Procedure 1991-61
(Amends Revenue Procedure 90-3)
- Private Letter Ruling 200842019 (1031 exchange of leaseholds and personal property approved)
- Private Letter Ruling 200812012 (Replacement property contributed to new partnership after termination of testamentary trust still qualifies as 1031 exchange);
- Private Letter Ruling 200810016 (Acquisition of like-kind replacement property from related party OK)
- Private Letter Ruling 200807005 (Single partner limited partnership is a disregarded entity for 1031)
- Private Letter Ruling 200805012 (1031 exchange of development rights as interest in real estate)
- Private Letter Ruling 200734003 (Contribution of trust assets to partnership not taxable under 721)
- Private Letter Ruling 200730002 (1031 exchange of partial interests between related parties)
- Private Letter Ruling 200728008 (Transfers of property in multi-party exchanges with related party)
- Private Letter Ruling 200725018 (Home used less than 2 years qualifies for reduced 121 exclusion)
- Private Letter Ruling 200724007 (QI owned by disqualified party is not a disqualified party)
- Private Letter Ruling 200718028 (Relinquished property delivered to the QI in a reverse 1031 exchange during the 45 calendar day identification period qualifies as identified)
- Private Letter Ruling 200714002 (1033 exchange on sale of stock sold after escheatment to state)
- Private Letter Ruling 200712013 (1031 exchange of relinquished property with related party)
- Private Letter Ruling 200709036 (Taxpayer's sale to related party followed by sale by related party)
- Private Letter Ruling 200708054 (1031 exchange doesn't subject trust to the GST tax)
- Private Letter Ruling 200706001 (Related party 1031 exchange qualifies; no basis shifting occurred)
- Private Letter Ruling 200702032 (Settlement proceeds qualify for 121 exclusion)
- Private Letter Ruling 200701008 (Exchange of upREIT property is not prohibited transaction)
- Private Letter Ruling 200652041 (Sale of residence due to pregnancy is unforeseen circumstance)
- Private Letter Ruling 200651030 (1031 exchange allowed for LLC set-up by Testamentary Trust)
- Private Letter Ruling 200651025 (1031 exchange of easement for land use credits to fee interest)
- Private Letter Ruling 200651018 (1031 exchange of easement for land use credits to fee interest)
- Private Letter Ruling 200649028 (Exchange of rural land stewardship credits for real property)
- Private Letter Ruling 200648012 (Revoking installment sale treatment under Section 453)
- Private Letter Ruling 200645001 (121 tax-free exclusion applies to corporate cooperatives)
- Private Letter Ruling 200644019 (Property exchange mandated by FCC qualifies for Section 1033)
- Private Letter Ruling 200631012 (Interests in NY Cooperative are Like Kind Property)
- Private Letter Ruling 200625010 (Fractional interest in property not an interest in a business)
- Private Letter Ruling 200625009 (Fractional interest in property not an interest in a business)
- Private Letter Ruling 200616005 (Related Party 1031 exchange)
- Private Letter Ruling 200550005 (SUVs like-kind to passenger automobiles)
- Private Letter Ruling 200532008 (FCC radio spectrum frequency like kind)
- Private Letter Ruling 200521002 (Like-kind property received, then testamentary trust terminated)
- Private Letter Ruling 200440002 (Related entity/party 1031 exchange)
- Private Letter Ruling 200428020 (LKE Program 1031 Exchange with Master Exchange Agreement)
- Private Letter Ruling 200404044 (Water rights are like-kind to fee interest in farm land)
- Private Letter Ruling 200338001 (Qualified Intermediary not disqualified party)
- Private Letter Ruling 200329021 (Building on Property Already Owned by the Taxpayer)
- Private Letter Ruling 200327039 (LKE 1031 Exchange Program with Master Exchange Agreement)
- Private Letter Ruling 200251008 (Building on Property Already Owned by the Taxpayer)
- Private Letter Ruling 200242009 (Tax-deferred exchange of leased vehicles)
- Private Letter Ruling 200241013 (Like-kind exchange of vehicles by lessor)
- Private Letter Ruling 200241016 (1031 exchange of like-kind leased equipment)
- Private Letter Ruling 200240049 (Tax-deferred exchanges of automobiles, trucks, SUVs)
- Private Letter Ruling 200236026 (Like-kind exchange LKE program equipment exchanges)
- Private Letter Ruling 200211016 (180 day exchange period can not be extended due to receivership)
- Private Letter Ruling 200209010 (Transfer of plants and associated nuclear decommissioning funds)
- Private Letter Ruling 200203042 (Exchange of Perpetual Conservation Easement for fee interest)
- Private Letter Ruling 200203033 (Exchange of Perpetual Conservation Easement for fee interest)
- Private Letter Ruling 200148042 (Agency language eliminates duplicate documentary transfer tax)
- Private Letter Ruling 200137032 (Shares in NY Cooperative are Like Kind Property)
- Private Letter Ruling 200111025 (Non safe harbor reverse 1031 exchange)
- Private Letter Ruling 200027028 (Premature disbursement by qualified intermediary not allowed)
- Private Letter Ruling 200019019 (Partnerships exchange into TIC interests like kind property)
- Private Letter Ruling 200019018 (Partnerships exchange into TIC interests like kind property)
- Private Letter Ruling 200019017 (Partnerships exchange into TIC interests like kind property)
- Private Letter Ruling 200019016 (Partnerships exchange into TIC interests like kind property)
- Private Letter Ruling 9309023 (Combined 121 exclusion and 1034 exchange)
- Private Letter Ruling 8942008 (121 exclusion granted to H&W and Mother for 2 on 1 Property)
- Private Letter Ruling 8103117 (1031 exchange of vacation property held for investment)
TECHNICAL ADVICE MEMORANDUMS (TAM)
- Technical Advice Memorandum 200602034 (Exchange of Intangible Property; foreign for domestic)
- Technical Advice Memorandum 200424001 (Assembled railroad track like-kind to non assembled)
- Technical Advice Memorandum 200346007 (Sale/Leaseback doesn't qualify for 1031 exchange)
- Technical Advice Memorandum 200224004 (1031 exchange of television broadcast station licenses)
- Technical Advice Memorandum 200130001 (Series of transactions not 1031 exchange)
- Technical Advice Memorandum 200039005 (Failed Reverse 1031 Exchange)
- Technical Advice Memorandum 200035005 (Exchange of Radio and TV licenses)
IRS FIELD SERVICE ADVISORY (FSA)
- Field Service Advisory 20021315648 (Exchange of franchise agreement under Georgia law)
- Field Service Advisory 200244010 (Aircraft exchange; step transaction; substance over form)
- Field Service Advisory 200205023 (Lease-In/Lease-Out structure fails like-kind exchange treatment)
- Field Service Advisory 200048021 (Failed exchange; constructive receipt; non-qualified intermediary
NON-DOCKET SERVICE ADVICE REVIEW (NSAR)
- Non-Docketed Service Advice Review 20050203F (Taxpayer Beneficial Owner Prior to Exchange)
- Non-Docketed Service Advice Review 20044101F (Crude Oil Gathering System Like Kind)
- Non-Docketed Service Advice Review 20010384 (Allocating Cash Receipts in 1031 Exchange)
- Non-Docketed Service Advice Review 200010365 (Relinquished property acquired thru foreclosure)
- Non-Docketed Service Advice Review 19935222
- General Counsel Memorandum 39606 (Sale or exchange of airplane takeoff and landing rights)
- General Counsel Memorandum 39572 (Acquisition of mineral leases and oil & gas interests like-kind)
- General Counsel Memorandum 39536 (1031 exchange of land for stock in mutual interest company)
- General Counsel Memorandum 39182 (1033 exchange of railroad track for involuntary improvements)
- General Counsel Memorandum 38975
- General Counsel Memorandum 38968
- General Counsel Memorandum 35266 (Insurance proceeds income; not return of capital in 1033)
- Chief Counsel Informational Letter 2008-36024 (Combination of a forward and reverse 1031 exchange under Section 1031)
- Chief Counsel Informational Letter 2008-0021(Taxation of failed 1031 exchange due to failed ualified Intermediary or failed QI)
- Chief Counsel Advisory 200734021 (T/P residence qualifies for 121 exclusion after natural disaster)
- Chief Counsel Advisory 200650014 (Partnership distribution in redemption of Taxpayer's interest)
IRS NEWS RELEASES, NOTICES, TREASURY DECISIONS
- IRS Notice 2006-82
(Extension of Replacement Period for Livestock Sold on Account of Drought) - IRS Notice 2006-34
(Taxation of Cross Licensing Agreements) - IRS Information Letter 2007-0009 (Reverse 1031 exchange does not qualify for postponement)
- IRS Information Letter 2004-0230 (Qualification to serve as Qualified Intermediary)
- IRS Information Letter 2002-0292
(Hotel industry's need for tax relief after September 11, 2001) - IRS News Release IR-2006-161
(Proposed Regulations Significantly Restrict Private Annuity Trusts) - TD 8535
(1031 Like Kind Exchanges of Real Property — Coordination with Section 453)
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