Guidance from the IRS on making reverse-starker exchanges

• Published in: Taxes Vol. 79; no. 2; p. 16
• Main Authors: Bryant, Jeffrey J, Alltizer, Richard L
• Format: Trade Publication Article
• Language: English
• Published: Riverwoods CCH INCORPORATED 01.02.2001
• Subjects: Gain recognition; Internal Revenue Code; Like kind exchange; Rev. Proc. 2000-37; Revenue procedures & rulings; Safe harbor; Section 1031; Tax deferred privileges; Taxpayers; Third party; United States > US

Rev. Proc. 2000-37 attempts to extend to reverse Starker exchanges certain safe harbor procedures that are at least somewhat equivalent to those available under the regulations for regular Starker transactions. In particular, the new revenue procedure now offers reverse-Starker exchangers an opportu...