Licensed in 1978, Jim Wootton, a real estate broker and a structured sale consultant, provides real estate exchange counseling to his clientele. He served as president of the Columbus Real Estate Exchangors and rose to become president of OCREA, the statewide association of 1031 real estate exchangors. Standard Company LLC, as a boutique real estate advisory firm, has been a leader in providing other approved tax advantaged strategies for its clients pursuant to the Internal Revenue code, including partial gifts of real estate under IRC Section 170 for bargain sales to nonprofit organizations on IRS Form 8283, and deferring the tax until principal payments are received, with installment sale reporting on IRS Form 6252 pursuant to IRC 453.
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