Services Provided

Crawford Exchange Services are not attorneys or accountants, and cannot advise you regarding the specific tax consequences or advisability or ultimate acceptance by the IRS of a deferred exchange. You are required to seek competent legal and professional advice from your attorney and accountant. The total responsibility for the successful acceptance by the IRS of a tax deferred exchange is solely upon the taxpayer.

The services provided to the tax payer (i.e. Exchanger) by Crawford Exchange Services as Qualified Intermediary (QI) will be:

  • Provide a general overview of the process and requirements of a 1031 Tax Deferred Exchange.
  • Provide the required exchange agreement for review and approval of the tax payer and his/her accountant.
  • QI accepts assignment of exchange property contract.
  • QI will notify all parties of the assignment.
  • QI will establish a qualified escrow account in which the funds will be held.
    Interest to accrue to the tax payer.
  • QI is the recipient of the formal identification notice of replacement property(ies) within the 45 day identification period.
  • QI reviews closing documents related to deeds and settlement statement and promptly delivers the funds held in escrow to the closing agent.
  • QI gives proper instruction to the closing agent for "direct deeding" of property(ies).
  • Crawford Exchange Services gives a final accounting of escrow funds and interest earned following completion of the last leg of the exchange.

Fees for Services

 

 

Participation in and documenting a Tax Deferred Exchange of
one property for one like-kind property		 $500
Document Fee $100
Additional properties on a Tax Deferred Exchange
(per each additional property)		 $200 Ea
Monthly maintenance fee for any portion of a month that funds
are held in escrow		 $100
"Hurry-up" fee for less than 36 hour turnaround for a Tax
Deferred Exchange		 $250
Overnight mailing, wire transfer fees, escrow fees As Incurred
Cancellation fee once we enter into an exchange agreement
and begin the preparation of the exchange documents		 $500 Minimum
Reverse exchange Price Quoted On Case Requirements
Participation in and documentation of a simultaneous exchange Price Quoted On Case Requirements

 

All interest earned on funds held in escrow will be forwarded to the tax payer, following closing of escrow.

Total fees due Crawford Exchange Services will be itemized and will be deducted from funds held in escrow prior to delivery of funds to closing agent for acquisition of the replacement property and accounted for on the final settlement statement.
 
Crawford Exchange Services • 2019 Centre Pointe Blvd., #102 • Tallahassee, FL 32308