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Tax Liability

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Tax Liability

The amount of tax owed by a taxpayer to the government.

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To comply with IRS regulations, we must inform you that the information provided on this website is not intended to serve as legal or tax advice and cannot be relied upon as such. The IRS requires us to mention that nothing on this site should be used to avoid penalties under the Internal Revenue Code or to promote or recommend any tax-related matter. As your Qualified Intermediary in a Section 1031 tax-deferred exchange, 1031 Exchange Place, LLC is not permitted to give specific tax advice or offer opinions on the suitability of an exchange for tax purposes. It is highly recommended that anyone considering an exchange seek the guidance of a qualified accountant and/or attorney.

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