Please note that our Acton branch will be closed on Friday, May 15 due to construction, and our Westford branch will be closed on Saturday, May 16, for the Westford Apple Blossom Parade. As always, you can access your account 24/7 with mobile, online banking & our ATM network.

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: Understanding Continuity of Title and Ownership

Unlock the keys to structuring a successful 1031 exchange in this on-demand webinar. This practical, expert-led session breaks down one of the most critical components of a like-kind exchange: continuity of title and ownership.

Whether you’re a real estate investor, tax advisor, attorney, or 1031 professional, you’ll gain clarity on the rules that impact how title and ownership must be held before and after a 1031 transaction to preserve your tax deferral benefits.

Key topics covered include:

  • What continuity of title means and why the same taxpayer rule is essential in every 1031 exchange.
  • Title requirements and how the IRS views ownership continuity during an exchange.
  • Common exceptions to strict title matching — including disregarded entities such as single-member LLCs and revocable trusts.
  • Practical ways to hold title, including ownership structures that comply with 1031 rules.
  • How tenants-in-common (TIC) ownership works in a 1031 exchange and what you should know about structuring fractional interests.

Watch anytime to sharpen your understanding of one of the most foundational aspects of like-kind exchanges and avoid common pitfalls that can jeopardize your tax deferral.

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Be Aware of Tax Scams

As tax season approaches, it’s an important time to get your finances in order—but it’s also a peak period for cybercriminal activity. Scammers frequently exploit this time of year by sending fraudulent emails or making phone calls that appear to come from legitimate tax-related organizations.

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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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