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About Exeter 1031 Exchange
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Exeter News Wire Media Contact: William L. Exeter President and Chief Executive Officer Exeter 1031 Exchange Services, LLC (619) 615-4210 Email Mr. Exeter FOR IMMEDIATE RELEASE
IRS Issues Private Letter Ruling on Deferred Sales Trusts
Taxpayers Now Have Another Tax Deferred Planning Strategy
Request Your Free Deferred Sales Trust Illustration Here
Deferred Sales Trusts provide you with another tax-deferred strategy to defer the payment of your capital gain income tax liabilities when you sell highly appreciated real estate, personal property, business interests or other assets. The Deferred Sales Trust gives you one more tax deferred strategy to choose from when planning the sale of a highly appreciated property or asset. The Deferred Sales Trust, often referred to as a DST, is a contract between you and a trust arrangement called the Deferred Sales Trust in which you sell your real or personal property to the Deferred Sales Trust in exchange for the Deferred Sales Trust’s contractual agreement to pay you a certain amount over a predetermined future period of time. Deferred Sales Trusts can be a tremendous alternative to the 1031 tax deferred exchange strategy when you are selling highly appreciated property but do not wish to acquire like-kind replacement property as required with a 1031 exchange transaction. Request Your Free Deferred Sales Trust Illustration Here
The Deferred Sales Trust will still allow you to sell your property or assets without having to pay your capital gain income tax liabilities in the year in which you sold your property or asset. You can defer the payment of your capital gain taxes over a predetermined period of time that you negotiate and agree to with the Trustee of the Deferred Sales Trust. "This tax deferred strategy is drafted pursuant to Section 453 of the Internal Revenue Code and is taxed just like an installment sale contract, but has some very significant advantages over the standard installment sale transaction structured as a seller carry back note," said William L. Exeter, president and chief executive officer, Exeter Fiduciary Services, LLC. Mr. Exeter further stated, "Deferred Sales Trusts have been used for over four (4) years now, but there has been no specific guidance issued from the Internal Revenue Service until now. We are very excited that the IRS has issued this Private Letter Ruling today." Request Your Free Deferred Sales Trust Illustration Here
The Deferred Sales Trust is offered through Exeter Fiduciary Services, LLC, which is a wholly owned subsidiary of The Exeter Group, LLC. You can contact any of Exeter Fiduciary Services, LLC's national branch office network for complete information or you can view a power point presentation or request a free illustration of the tax benefits by visiting their Deferred Sales Trust Website. # # # We Have Answers. Go Ahead, Ask. Exeter Fiduciary Services, LLC, a wholly-owned subsidiary of The Exeter Group, LLC, is a private, professional fiduciary providing you and your legal, tax and financial advisors with complete trust administration, accounting, recordkeeping, and tax reporting support services. Exeter Fiduciary Services, LLC works in conjunction with your existing team of advisors. Our goal is to help you minimize your risks, simplify your accounting, recordkeeping and tax reporting needs, and eliminate your regulatory compliance burdens. We do what we do best — customized trust administration. Exeter Fiduciary Services, LLC also provides specialty fiduciary and trust services for the real estate community such as Title Holding Trusts, Deferred Sales Trusts™, Qualified Trust Accounts for 1031 Exchanges, as well as serving as trustee under specialized trust arrangements. Exeter Fiduciary Services, LLC is located in the national corporate headquarters office of The Exeter Group of Companies in San Diego, California. You can contact Exeter Fiduciary Services, LLC at anytime, 24 hours a day, 7 days a week, 365 days a year. Call Exeter 24/7 provides round-the-clock access to our senior trust advisors when you need them. |
