FEA – The Voice of the 1031 Industry
Promoting Taxpayer friendly legislation, monitoring regulatory activity, providing commentary to the IRS, House Ways and Means Committee, and Senate Finance Committee, meeting with the Joint Committee on Taxation as well as state and federal legislators. These are just some of the things the FEA has undertaken as The Voice of the 1031 Industry. Our objective is to promote the preservation of IRC Section 1031 and support quality, safe, beneficial exchange transactions.
Since 1989 the FEA has:
- Promoted ideas and innovations in the industry;
- Established ethical standards of conduct for QIs;
- Educated our members and the general public;
- Provided input and guidance on relevant legislation.
The FEA Government Affairs Committee actively responds to legislative and regulatory initiatives at both the state and federal levels and advocates on behalf of the FEA and consumers.
The FEA remains committed to actively monitoring the issues affecting the exchange industry. With the assistance of Williams & Jensen, our Washington, D.C., tax advocate, the FEA has been able to keep pace with, and respond to, federal developments virtually as they occur.
Additionally, the FEA monitors activities of state legislatures and regulatory agencies through the vigilance of our members. In several significant instances, the FEA provided commentary and testimony to state legislatures and regulatory agencies that shaped their approach to the licensing and regulation of exchange professionals and influenced state taxation and procedures for exchange transactions.
The commitment and perseverance of the FEA members, the Government Affairs Committee, and our volunteer leaders have made the FEA The Voice of the 1031 Industry.
Resources for you to use when talking about the importance of keeping 1031 exchanges in the IRS Code: