title>Tax Guru-Ker$tetter Letter Wizard Animation

                 

Tax Guru-Ker$tetter Letter
Friday, September 26, 2003
 
Harrison Abstract Update
Dian Brown sells property - More on the lingering fallout from the looting and collapse of Harrison Abstract.

We have discovered that Ms. Brown wasn't just fast and loose with the escrow funds. She was very loose on how to handle 1031 exchanges. Sherry's company, Tax Free Exchange Corporation, has had to recently bail out a number of former clients of Ms. Brown's who are in the middle of doing 1031 exchanges. While we weren't surprised that she had copied her documents from ours, as many others in this area have, we have been appalled at how terrible her application of the rules for 1031 exchanges had been. We are having to educate her former clients on the proper 1031 procedures, as if they had never heard of it, even though many claim to have done 1031s with Dian Brown. They need to keep their fingers crossed that their tax returns aren't examined by IRS, because their sloppy "1031" exchanges won't stand up to much close scrutiny.

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- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 9/26/2003 05:45:00 PM Send this post:

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