“We have been getting a lot of questions about [section] 1031 exchanges, and we are working on FAQs that will help explain what the relief is there,” Jennifer Auchterlonie, special counsel to the IRS associate chief counsel (procedure and administration), said April 14 on a webinar hosted by the American Bar Association Section of Taxation.According to Tom Greenaway of KPMG LLP, some taxpayers are confused about how the expanded relief provided April 9 in Notice 2020-23, 2020-18 IRB 1, applies to the deadlines for complying with the 45-day identification period and 180-day exchange period required under section 1031(a)(3) and Rev.

The medical services in the short term will be affected some but as economy rebounds a lot of elective procedures will have a huge back log and ramp up so doesn't concern me that much.Anytime a tenant asks for rent concessions that can be an opportunity to modify the lease for long term value to the landlord in exchange for a shorter term reduction. 

The bill would require declarations under these procedures to be filed under penalty of perjury."

I'm not asserting this is the proper way, but it's the procedure we've been using with our commercial tenants. 

Hi Svetlana,There are rules governing the methods used to determine what is called in Appraiser land FMV - Fair Market Value.Appraisers have to follow the procedures in their manual USPAP (Uniform Standards of Professional Appraisal Practices) normally this leads to FMV being determined on appraisals of property sold in the past 6 months.

So I thought it would be fun and valuable to have a collection of ideas for what changes in real estate "usual procedure"  will be once the corona epidemic passes.

They know how to fill out the forms, they kow the procedure, the negotiation tactics at court, etc...   

You are describing procedures that are sound business practices in a typical environment to which I have no arguments.

In this case do I still follow the procedure you have laid out?

My point was simply that businesses like bars, nail shops, massage therapists and similar have been forced to close.