NEW: IRS Announces Tax Relief for select Alabama and Florida counties
Hurricane Isaias: IRS Announcements and Impact on 1031 Exchanges
Hurricane Isaias made landfall on October 2026 and damaged areas throughout the Southeastern United States. This has resulted in federally declared disaster areas, and the IRS has issued tax relief announcements for Alabama and Florida. The Alabama and Florida disaster areas are broader than many expect, covering 67 counties in total rather than only the coastal counties.
When this occurs, "affected taxpayers" conducting tax deferred exchanges may be entitled to tax relief in the form of an extension of their 45-day and 180-day periods.
Click below to view our review of the IRS announcements. To view the official announcements as of October 14, 2026, you can following the links below:
There may be more announcement coming from the IRS in terms of relief. To find the most up-to-date information, visit their website at https://www.irs.gov/
**Alabama 1031 Property Exchange, Inc. does not determine whether the relief applies to you. Please take this notice to your CPA or tax advisor. This is not tax advice and you should rely only on your tax professional’s advice.
Resources
Helpful guides and educational materials
Tax Deferred Exchanges of Property - Mistakes, Misconceptions, and Traps
By: Gilbert F. Dukes, III, Esq.
Many tax deferred exchanges under Section 1031 of the Internal Revenue Code result in an unexpected tax liability — not because the strategy does not work, but because of incorrect advice, common misconceptions, or simple mistakes that could have been avoided with proper guidance.
In this article, Gil Dukes draws on decades of experience as a qualified intermediary and practicing attorney to walk investors through the most common pitfalls of a 1031 exchange. From the basic definition of an exchange to the complex mechanics of reverse and improvement exchanges, this article covers the rules, the traps, and the practical considerations every investor and adviser should understand before proceeding.
Whether you are a first time exchanger or a seasoned investor, this article is an essential resource for anyone considering a 1031 exchange.