Accounting Today wrote about DeferEm.com, a site which helps minimize taxable gain and maximize tax deferral for a 1031 exchange.

This online application from T-Rex Global makes it drop dead simple to fill out the paperwork with guided assistance to produce both the nightmarish IRS Form 8824 and an exchange report that explains the different elements (Boot, Taxable Gain, Deferred Gain, etc) of an exchange.

Below is the blurb from WebCPA:

Like-kind exchanges of real estate are getting a lot of play these days, but the accompanying paperwork is so fiendishly complicated that it may make you wish you'd built a new building instead. Single-handedly. In the dark. T-Rex Global's free online application Defer'Em aims to take the pain out of the paperwork, with guided assistance to produce both the nightmarish Internal Revenue Service Form 8824 and an exchange report that explains the whole transaction to clients.

www.deferem.com