Exchange Escrow Audit

Qualified escrow in Boston, MA refers to escrow accounts that meet IRS requirements for holding exchange proceeds, ensuring you don't have actual or constructive receipt of funds. Qualified escrow agents work with Qualified Intermediaries to hold proceeds securely and disburse them appropriately for replacement property acquisitions. We help Boston investors verify escrow arrangements, coordinate with qualified escrow agents, and ensure all escrow accounts meet IRS requirements for exchange compliance.

For Boston, MA exchanges, identification rules require proper documentation and delivery within 45 days, and escrow arrangements must ensure proceeds are held properly until replacement property acquisition. We coordinate with Qualified Intermediaries and qualified escrow agents to verify identification letter delivery, ensure proceeds are held in qualified escrow, and verify that replacement property acquisitions align with identified properties. Our escrow audit services verify all aspects of the exchange process are properly coordinated.

If boot occurs in your Boston, MA exchange, qualified escrow agents work with Qualified Intermediaries to properly document and disburse boot amounts, which may be taxable. We help verify boot calculations, review escrow documentation, and ensure boot is properly handled according to exchange requirements. Our audit services verify all proceeds, including boot, are properly accounted for and documented.

Dual-authorization controls in Boston, MA exchange escrow require two-party authorization for disbursements, providing additional security and compliance verification. We help verify dual-authorization controls are properly established, coordinate with qualified escrow agents to ensure controls are maintained, and audit escrow transactions to verify proper authorization for all disbursements. Our service includes ongoing verification of escrow controls and procedures.

We audit escrow accounts for Boston, MA exchanges by reviewing account structures, verifying qualified escrow status, reconciling exchange proceeds, reviewing transaction documentation, and ensuring all disbursements align with exchange requirements. We coordinate with Qualified Intermediaries and qualified escrow agents to verify proper handling, review settlement statements, and ensure all escrow transactions are properly documented and compliant.

For Boston, MA exchanges, you should receive escrow agreements, account statements, settlement statements, wire transfer confirmations, and other documentation showing proper handling of exchange proceeds. We help review escrow documentation, verify completeness and accuracy, and ensure all required documents are provided. We coordinate with qualified escrow agents and Qualified Intermediaries to verify documentation meets exchange requirements.