Those of us in California who give advice regarding the structuring of IRC Section 1031 like-kind tax-deferred exchanges of real property are well aware that the California Franchise.
Contrary to popular thought, 1031 Exchanges do not benefit only commercial real estate investors, and they may be a tax-saving option for mineral investors.
As a result of the severe winter storms, flooding and mud slides that began in California on January 8, 2023, on January 10, 2023, the IRS issued an initial extension of the 45- and 180-day deadlines.