Our Woburn Main branch will be temporarily closed Monday, November 2 while we repave the parking lot. Drive-up ATM is not available. View more details.

Due to construction, the drive-up window and drive-up ATM will not be available at our Billerica branch. The branch will remain open during regular business hours, but the drive-up lanes will remain closed during construction.

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Northern 1031 Exchange: Tax Implications When an Exchange Fails

Even the best-planned 1031 Exchanges don’t always go as expected. When timelines are missed or replacement properties fall through, the tax consequences can be significant.

In this webinar, our 1031 experts break down what happens when an exchange fails, including potential tax exposure, reporting requirements, and whether penalties apply. We’ll walk through real-world scenarios, clarify common misconceptions, and share practical guidance to help investors and advisors anticipate risks and plan accordingly.

This session is designed for professionals who want a clearer understanding of exchange failure outcomes – and how to help clients navigate them with confidence and clarity.

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About Northern Bank

Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of $3.17 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender.

 

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Contact us now to learn more about how Northern Bank can help you realize your goals and dreams.