Matthew K. Scheriff, CPA, serves as the Executive Vice President and a Principal at Legal 1031 Exchange Services, LLC. He is a Certified Public Accountant in New York State and holds a Certified Exchange Specialist® designation from the Federation of Exchange Accommodators, indicating his expertise in Section 1031 of the Internal Revenue Code. Matthew is also a member of the New York State CPA Society and the Federation of Exchange Accommodators.With over twenty years of experience in the real estate sector, Matthew has specialized in both corporate and investment real estate services. His background includes positions at several national Qualified Intermediary firms where he focused on structuring IRC §1031 tax deferred exchange transactions.Matthew is an established author, having contributed articles on tax deferred exchanges to various legal, accounting, and real estate publications. His articles have appeared in the New York Law Journal and the New York and New England Real Estate Journals, covering topics from vacation home sales to the impacts of legislative changes on real estate transactions.He is also an active lecturer, educating professionals such as attorneys, accountants, realtors, and other real estate and investment advisors on the nuances of IRC §1031 tax deferred exchanges. Matthew has been affiliated with educational institutions like Lorman Education Services, Manfred Real Estate Learning Center, and The Learning Annex.Earlier in his career, Matthew managed the Real Estate Advisory Group at Geller & Company, where his clients included notable companies such as Bloomberg L.P., Dean & DeLuca, and Blimpie International Inc. He also worked with Brookside Properties, Inc., a real estate investment firm. His past qualifications include holding a Series 22 NASD securities license and being a registered New York State Mortgage Broker.Matthew earned his B.S. degree from Fairfield University.
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CHAT NOWEssential reading for anyone planning a like-kind exchange. Discover how to navigate capital gains and 'boot' in a 1031 exchange with our comprehensive guide. Learn what constitutes taxable boot, including cash and mortgage scenarios, and strategies to minimize tax implications.
Established in 1921, 1031 Exchanges have evolved through key legal cases and legislative changes, including the introduction of delayed exchanges, stricter timelines, and rules for holding exchange funds. Despite these changes, the core purpose remains to incentivize real estate investment and market growth.
A 1031 exchange can be an incredible tool for real estate investors to reduce their tax liability. We demystify the rules required to qualify and successfully complete a like-kind exchange.