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Exeter Empower – Volume 2, Issue 7

Exeter EMPOWER Newsletter
A Newsletter by The Exeter Group, LLC
Volume 2 – Issue 7
Welcome to Exeter EMPOWER, your trusted source for expert guidance on 1031 exchanges, Delaware Statutory Trusts, self-directed IRAs, self-directed individual 401(k) plans, private fund custody, directed and administrative trustee services, title holding trusts, specialty holding escrows, and custody services.
In this edition:
• New Office Opening in Houston, TX
• New Exchange Officer Hired in Houston, Texas
• 1031 Exchange 45-Day Deadline: Extensions Not Permitted; Tax Fraud Issues
 
New Office Opening in Houston, TX
Exeter Expands Its National Footprint with a New Texas Regional Office
Exeter Texas Regional Office - Houston, TX
We are pleased to announce the opening of our new Texas Regional Office in Houston. This expansion reflects our continued commitment to serving clients across the country with local expertise and personalized service. Our Houston team is ready to assist you with your 1031 exchanges.
Texas Regional Office
11740 Katy Fwy, 17th Floor
Houston, TX 77079
(281) 810-9600
Exeter has a nationwide footprint. Check out all of our office locations.
View Locations
 
New Exchange Officer Hired in Houston, Texas
Welcoming Steven Knight to the Exeter Team
We are thrilled to welcome Steven Knight as Exchange Officer at our new Houston, Texas office. Steven brings a strong foundation in real estate and financial services to the Exeter team, with extensive hands-on experience guiding clients through complex property transactions across the Texas market.
Steven holds a background in commercial and investment real estate, which gives him a distinct perspective when helping clients structure tax-deferred exchanges. His familiarity with the Houston market – one of the most active real estate markets in the country – positions him to provide the kind of informed, locally grounded guidance that Exeter clients have come to expect.
Whether you are a first-time exchanger or an experienced investor, Steven is ready to walk you through every step of the 1031 exchange process with clarity and care. Please join us in welcoming Steven to the Exeter family – we are excited for the contributions he will make for clients throughout the region.
Learn More About Steven
 
1031 Exchange 45-Day Deadline: Extensions Not Permitted; Tax Fraud Issues
What Every Exchanger Needs to Know About the Identification Deadline
The 45-day identification deadline in a 1031 exchange is absolute – there are no extensions, no exceptions, and no grace periods. Missing this deadline disqualifies the entire exchange, resulting in immediate recognition of capital gains taxes. What makes this deadline even more consequential is that attempts to manipulate or circumvent it have been treated by the IRS as tax fraud, with serious legal and financial penalties for those involved.
This article examines the strict rules governing the identification period, common mistakes exchangers make, and the IRS enforcement actions that have followed improper attempts to extend or alter identification timelines. Understanding these boundaries is essential for anyone completing a 1031 exchange.
Read the Full Article
 
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Thank you for reading Exeter EMPOWER!
Stay tuned for more insights coming your way soon. If you have any questions or comments, please reach out to us!
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Picture of William “Bill” L. Exeter

William “Bill” L. Exeter

Founder and Chief Executive Officer of The Exeter Group of Companies and a long-time leader in 1031 exchanges, qualified trust accounts for 1031 exchanges, self-directed IRAs, self-directed individual 401(k) plans, custody services for retirement plans, private fund custody services, directed administrative trustee services, non-traditional investments or alternative investments, specialty holding escrows and title holding trusts (land trusts). He has spent his career helping individual, corporate, and institutional real estate investors and their advisors navigate complex tax-deferred transactions with clarity, care, and a strong focus on protecting client assets. Bill is known for his practical, plain-English approach to education and his belief that investors deserve transparency, responsiveness, and trust at every step of the process.
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