The Treasury Department recently released a second round of proposed regulations clarifying certain requirements for investments in Qualified Opportunity Funds (QOFs). The proposed regulations are designed to encourage development in economically distressed communities and provide flexibility and certainty for investors and funds that invest in Qualified Opportunity Zones (QOZs).
Excel Title Services has begun using eRecording in multiple Ohio counties, including Butler, Clermont, Warren and Hamilton County. eRecording delivers real estate instruments, e.g. deeds, mortgages, etc., electronically to the Recorder, making the recording process faster and more efficient.
Treasury recently released Proposed Regulations providing guidance to those looking to qualify for the new Qualified Opportunity Zone (“QOZ”) tax incentives created by the Tax Cuts and Jobs Act of 2017 (“TCJA”). Congress created this new tax incentive to encourage investments in certain low-income communities that have been designated as “Qualified Opportunity Zones.” In sum, the QOZ rules allow a taxpayer to defer tax on the gain from the sale of property if, within 180 days, the taxpayer invests in a Qualified Opportunity Fund (“QOF”).
ExcelExchanges LLC has entered the market as a Qualified Intermediary in section 1031 tax-deferred exchanges. An affiliate of Excel Title Services and DBL Law, a team of attorneys, real estate and tax professionals have been assembled to assist investors with 1031 exchange transactions.
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Introducing Excel Title Services – a full-service title company.
In the current dynamic real estate market, you need an experienced and professional title company to protect your real estate investment and coordinate your title needs. Excel Title Services is the clear choice to meet the full range of your real estate title needs.
