Thank you for choosing 1031-Tax.com to assist you with your 1031 exchange needs. We are pleased to confirm the terms of our engagement and the scope of services we will provide to you.
Scope of Services
We will provide the following services related to your 1031 exchange transaction:
1. Consultation and Planning:
- Review your real estate transaction and objectives.
- Advise on the eligibility and requirements for a 1031 exchange under Internal Revenue Code Section 1031.
2. Compliance and Reporting:
- Provide guidance on tax reporting requirements for your 1031 exchange.
- Prepare and review all necessary forms and documentations for your 1031 exchange, including but not limited to Federal Form 8824, Federal Depreciation Schedule, etc.
3. Post-Exchange Support:
- Assist with any follow-up questions or documentations needed after the exchange is completed.
- Provide support and address inquiries from tax authorities regarding your 1031 exchange.
Client Responsibilities
To ensure a successful 1031 exchange, we ask that you:
- Provide all necessary information and documentation in a timely manner.
- Notify us promptly of any changes to your transaction or objectives.
- Adhere to all tax authorities’ deadlines and requirements as advised by our team.
Fees and Payment Terms
Our fees for the services outlined above are as follows:
- Initial Consultation – Free
- 1031 Exchange Services – as shown on the checkout page
Confidentiality and Limitation of Liability
We will maintain the confidentiality of all information you provide to us, in accordance with applicable laws and professional standards. Our liability for services rendered under this engagement is limited to
the fees paid to us. We are not responsible for any indirect, consequential, or punitive damages arising from our services.
Acceptance of Terms
Please accept at the checkout page to acknowledge your acceptance of the terms outlined in this engagement letter. If you have any questions or require further clarification, do not hesitate to contact us at support@1031-tax.com. We look forward to working with you and ensuring a seamless 1031 exchange process.
Yours truly,
Alan Lo, CPA
Founder of 1031-tax.com