Latest news with #IPX1031
Yahoo
28-05-2025
- Business
- Yahoo
IPX1031 Again Recognized as Top 1031 Exchange Company for 2025
Excellence in 1031 Exchanges: IPX1031 Honored Again CHICAGO, May 28, 2025 /PRNewswire/ -- Investment Property Exchange Services, Inc. (IPX1031), the national leader in 1031 Qualified Intermediary services, has once again been named Best Overall 1031 Exchange Company by Fit Small Business for 2025. IPX1031 provides nationwide Qualified Intermediary services for all types of 1031 Exchanges, including delayed, simultaneous, reverse, and improvement transactions. With a team of seasoned attorneys, accountants, Certified Exchange Specialists (CES), and industry experts, IPX1031 manages exchanges ranging from small rental properties to complex billion-dollar commercial properties. "Our dedicated team at IPX1031 is committed to delivering exceptional service to our clients and their professional advisors. This recognition highlights our unwavering efforts to provide an unmatched customer experience," stated John Wunderlich, President of IPX1031. Over the years, IPX1031 has been consistently recognized as the Best 1031 Exchange Company by several rating agencies, including Investopedia, The Balance, Awning, ROI Advisors, and Inside 1031. Wunderlich added, "These achievements are a testament to the hard work and dedication of each and every person in our company. We are proud of our IPX1031 family and deeply grateful for this recognition." This ongoing recognition reaffirms IPX1031's status as a trusted leader in the industry and the preferred Qualified Intermediary for clients and advisors navigating the complexities of 1031 Exchanges. About IPX1031: Investment Property Exchange Services, Inc. (IPX1031) is the largest and one of the oldest Qualified Intermediaries in the United States. As a wholly owned subsidiary of Fidelity National Financial (NYSE:FNF), a Fortune 500 company, IPX1031 provides industry leading security for exchange funds as well as expertise and experience in facilitating all types of 1031 Exchanges. IPX1031's nationwide staff, which includes industry experts, veteran attorneys and accountants, is available to provide answers and guidance to clients and their legal and tax advisors. For more information about IPX1031 visit Contact:Cindi Marinez, VP, View original content to download multimedia: SOURCE IPX1031
Yahoo
02-04-2025
- Business
- Yahoo
IPX1031 Expands Sales & Business Development Team with Exchange Expert Adrienne Salyer
PHOENIX, April 2, 2025 /PRNewswire/ -- Investment Property Exchange Services, Inc. (IPX1031), the national leader in 1031 Qualified Intermediary services, is thrilled to announce the hiring of Adrienne Salyer as Vice President, National Accounts. Adrienne Salyer will be teaming up with Arizona and New Mexico Vice President Rick Wittstock, bringing her extensive expertise and dedication to the team. This strategic move aims to strengthen IPX1031's overall presence in the Southwest and nationwide. Adrienne joins IPX1031 with over 30 years of experience in the 1031, real estate, and financial sectors. She has a proven track record of successfully guiding clients through complex 1031 Exchange transactions and cultivating new business relationships. Her in-depth experience and understanding of market dynamics make her an invaluable addition to the IPX1031 team. Jennifer Keen, Executive Vice President and Western Region Manager at IPX1031, expressed her enthusiasm for Adrienne's arrival. "We are delighted to welcome Adrienne to our team. Her expertise and dedication to client success align perfectly with our mission at IPX1031. Adrienne's addition will undoubtedly enhance our ability to serve the growing demand for 1031 Exchange services. We look forward to the positive impact she will have on our clients and our business both regionally and nationwide." Adrienne Salyer will work closely with Rick Wittstock, leveraging their combined experience and knowledge to bring the Southwest the most comprehensive 1031 knowledge, tools, and solutions that the 1031 industry can offer. IPX1031's sales and new business development expansion underscores their commitment to delivering top-tier service and expertise to their clients. With Adrienne on board, the company is well-positioned to continue its growth and success in the 1031 Exchange industry. Adrienne Salyer can be reached at (480) 997-6734, or About IPX1031 Investment Property Exchange Services, Inc. (IPX1031) is the largest and one of the oldest Qualified Intermediaries in the US. As a wholly owned subsidiary of Fidelity National Financial (NYSE:FNF), a Fortune 500 company, IPX1031 provides industry leading security for exchange funds as well as expertise and experience in facilitating all types of 1031 Exchanges. IPX1031's nationwide staff, which includes industry experts, veteran attorneys and accountants, are available to provide answers and guidance to clients and their legal/tax advisors. For more information visit For more information, contact: Jennifer Keen, EVP, Western Regional 672-5368 View original content to download multimedia: SOURCE IPX1031
Yahoo
04-03-2025
- Business
- Yahoo
I make a comfy $170,000 per year — but I haven't filed our family's taxes for the last 5 years. My spouse has no idea
Joy, 54, has been happily married for more than two decades. Together, she and her husband make a comfortable $170,000 a year. They don't have any debt, aside from their mortgage, and they've been consistently putting money aside for retirement. But Joy has a secret that's eating her up inside: she hasn't filed her family's taxes for the past five years. And her husband has no idea. Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Home prices in America could fly through the roof in 2025 — here's the big reason why and how to take full advantage (with as little as $10) Now, she's wondering if there's anything she can do to get their finances back on track or if the damage is already done. Joy never intended to get behind with paying their taxes. She's self-employed, but a major health scare caused her to become anxious and depressed, and filing taxes simply fell off her radar. She wouldn't be the only one to go through something like this. A survey by IPX1031 found that 31% of American taxpayers procrastinate when it comes to filing taxes. The top reasons? Because it's too complicated or stressful. Joy might want to start by opening up to her husband about what's going on. Keeping financial secrets from a spouse, whether it's a secret savings account or secret debt, is a form of financial infidelity — and that can take a toll on your relationship. Once they're on the same page, together they can take immediate steps to rectify the situation — especially if they owe back taxes to the Internal Revenue Service (IRS). If they're eligible for a refund, typically they have three years from the due date of their return to claim it. Joy should still file their past-due returns, even if they owe back taxes and can't afford to pay them off all at once. They can request an extension of 60 to 120 days or work out an installment plan to pay them off over time. Those who meet financial certain requirements may be eligible for an offer in compromise, which allows you to settle your tax debt for less than the full amount owed. Joy and her husband may want to consult an accountant who has experience dealing with the IRS to help them move forward. Read more: Jamie Dimon issues a warning about the US stock market — says prices are 'kind of inflated.' Crashproof your portfolio with these 3 rock-solid strategies The longer they wait to deal with their unpaid taxes, the more it could cost them. Interest accrues on the tax amount owed — and the current quarterly rate is 7% (as of the first quarter of 2025). Plus, for every month you're late to file your taxes, you'll rack up a penalty equal to 5% of your unpaid tax amount, up to a total of 25%. There's also a 0.5% monthly failure-to-pay penalty, which goes up to 25% of the amount owed. For those who fail to file and fail to pay they will pay a combined monthly penalty of 5% (the failure-to-file penalty drops to 4.5%) for up to five months. Afterward, if the tax remains unpaid, the 0.5% failure-to-pay penalty continues to accrue until it hits 25%. The maximum total penalty for failing to file and pay is 47.5% of the tax owed. In addition, the IRS says: 'If your return was over 60 days late, the minimum failure-to-file penalty is the smaller of $510 (for tax returns required to be filed in 2025) or 100% of the tax required to be shown on the return.' Failure to pay back taxes could result in debt collection actions (such as wages being garnished). Intentionally committing tax evasion or fraud can result in criminal charges, which is punishable by jail time and even a huge fine. But Joy's actions are likely to be deemed an honest mistake. Not filing could also impact your retirement, since Social Security benefits are based on the earnings you report. If you're employed, the Social Security Administration (SSA) automatically receives earnings information from form W-2. But if you're self-employed, like Joy, and you don't file your return, then you could miss out on credits toward Social Security retirement or disability benefits. By being proactive and working with the IRS to resolve the issue, it's unlikely Joy and her husband will have to pay more than a pumped up tax bill. Cost-of-living in America is still out of control — use these 3 'real assets' to protect your wealth today, no matter what the US Fed does or says 'I like this stuff': Self-made $500M mogul and YouTuber reveals his 'essential' US portfolio that he says Amazon 'can't hurt' — here's his secret formula and how you can copy it in 2025 These 5 money moves will boost you up America's net worth ladder in 2025 — and you can complete each step within minutes. Here's how This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Yahoo
04-03-2025
- Business
- Yahoo
I make a comfy $170,000 per year — but I haven't filed our family's taxes for the last 5 years. My spouse has no idea
Joy, 54, has been happily married for more than two decades. Together, she and her husband make a comfortable $170,000 a year. They don't have any debt, aside from their mortgage, and they've been consistently putting money aside for retirement. But Joy has a secret that's eating her up inside: she hasn't filed her family's taxes for the past five years. And her husband has no idea. Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Home prices in America could fly through the roof in 2025 — here's the big reason why and how to take full advantage (with as little as $10) Now, she's wondering if there's anything she can do to get their finances back on track or if the damage is already done. Joy never intended to get behind with paying their taxes. She's self-employed, but a major health scare caused her to become anxious and depressed, and filing taxes simply fell off her radar. She wouldn't be the only one to go through something like this. A survey by IPX1031 found that 31% of American taxpayers procrastinate when it comes to filing taxes. The top reasons? Because it's too complicated or stressful. Joy might want to start by opening up to her husband about what's going on. Keeping financial secrets from a spouse, whether it's a secret savings account or secret debt, is a form of financial infidelity — and that can take a toll on your relationship. Once they're on the same page, together they can take immediate steps to rectify the situation — especially if they owe back taxes to the Internal Revenue Service (IRS). If they're eligible for a refund, typically they have three years from the due date of their return to claim it. Joy should still file their past-due returns, even if they owe back taxes and can't afford to pay them off all at once. They can request an extension of 60 to 120 days or work out an installment plan to pay them off over time. Those who meet financial certain requirements may be eligible for an offer in compromise, which allows you to settle your tax debt for less than the full amount owed. Joy and her husband may want to consult an accountant who has experience dealing with the IRS to help them move forward. Read more: Jamie Dimon issues a warning about the US stock market — says prices are 'kind of inflated.' Crashproof your portfolio with these 3 rock-solid strategies The longer they wait to deal with their unpaid taxes, the more it could cost them. Interest accrues on the tax amount owed — and the current quarterly rate is 7% (as of the first quarter of 2025). Plus, for every month you're late to file your taxes, you'll rack up a penalty equal to 5% of your unpaid tax amount, up to a total of 25%. There's also a 0.5% monthly failure-to-pay penalty, which goes up to 25% of the amount owed. For those who fail to file and fail to pay they will pay a combined monthly penalty of 5% (the failure-to-file penalty drops to 4.5%) for up to five months. Afterward, if the tax remains unpaid, the 0.5% failure-to-pay penalty continues to accrue until it hits 25%. The maximum total penalty for failing to file and pay is 47.5% of the tax owed. In addition, the IRS says: 'If your return was over 60 days late, the minimum failure-to-file penalty is the smaller of $510 (for tax returns required to be filed in 2025) or 100% of the tax required to be shown on the return.' Failure to pay back taxes could result in debt collection actions (such as wages being garnished). Intentionally committing tax evasion or fraud can result in criminal charges, which is punishable by jail time and even a huge fine. But Joy's actions are likely to be deemed an honest mistake. Not filing could also impact your retirement, since Social Security benefits are based on the earnings you report. If you're employed, the Social Security Administration (SSA) automatically receives earnings information from form W-2. But if you're self-employed, like Joy, and you don't file your return, then you could miss out on credits toward Social Security retirement or disability benefits. By being proactive and working with the IRS to resolve the issue, it's unlikely Joy and her husband will have to pay more than a pumped up tax bill. Cost-of-living in America is still out of control — use these 3 'real assets' to protect your wealth today, no matter what the US Fed does or says 'I like this stuff': Self-made $500M mogul and YouTuber reveals his 'essential' US portfolio that he says Amazon 'can't hurt' — here's his secret formula and how you can copy it in 2025 These 5 money moves will boost you up America's net worth ladder in 2025 — and you can complete each step within minutes. Here's how This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Yahoo
27-01-2025
- Business
- Yahoo
Tax filing season kicks off. Here's what to know.
Tax filing season kicked off on Monday as the U.S. Internal Revenue Service began accepting completed tax forms. Americans can file anytime before April 15. The IRS said earlier this month that it expects more than 140 million individual tax returns to be filed by that deadline. Refunds are typically sent within 21 days, the agency says. For paper returns, the IRS says turnaround time can last more than four weeks. MORE: How to get a last-minute tax filing extension The IRS is expanding a system that allows taxpayers to file directly with the agency, bypassing intermediary firms that often charge fees. The initiative, Direct File, will be made available to taxpayers in 25 states, more than doubling from 12 states last year, the IRS said. States newly offering Direct File include Alaska, Connecticut, Idaho, Illinois, Kansas, Maine, Maryland, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania and Wisconsin. For the first time, the Direct File program will feature a 'data-import tool' that allows tax filers to automatically enter information available in their IRS account, the agency said. Direct File works on mobile phones, laptops, tablets or desktop computers, the IRS said. Up to one in three Americans waits until the last minute to file their taxes, according to a 2021 survey by IPX 1031. That amounts to tens of millions of people. MORE: TikTok's future uncertain after Trump's executive order, experts say Taxpayers can typically file an extension that lasts six months, meaning those who obtain an extension will be allowed to submit their tax forms without penalty until Oct. 15. If a filer forgoes an extension and files late, the person risks additional fees for the tardy submission. The penalty amounts to 5% of the taxes owed for each month that the filing is late, up to a maximum of 25%. Under such circumstances, the IRS mails a letter or notice alerting the filer of a late fee. Tax filing season kicks off. Here's what to know. originally appeared on
