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Recognized Expert on IRC Section 1031 Like-Kind Exchanges, Kelly Alton, General Counsel at Nationwide Exchange Services, to Discuss 1031 Exchanges for Aircraft

Dépèche transmise le 22 avril 2009 par Business Wire

Recognized Expert on IRC Section 1031 Like-Kind Exchanges, Kelly Alton, General Counsel at Nationwide Exchange Services, to Discuss 1031 Exchanges for Aircraft

--(BUSINESS WIRE)--Nationwide Exchange Services:

WHAT: The “Plane Dollar and Sense” Aviation Seminar and Workshop offers aerospace professionals informative strategies on 1031 Like-Kind Exchanges for aircraft by Nationwide Exchange Services and aviation financing, insurance and ownership by Aero Law Group. California sales/use tax and federal tax support by Aero & Marine Tax Professionals. The workshop provides a forum for individuals to discuss structure and tactics to better finance aircraft purchases.

WHO: Nationwide Exchange Services (NES) is recognized in the industry as the leading provider of 1031 tax deferred property exchange products and services in commercial market sectors and as the exclusive Qualified Intermediary for more US banks than any other firm. The company maintains its leading reputation for IRC Section 1031 expertise through its team of subject matter experts led by Kelly Alton, formerly of the Office of Chief Counsel at the IRS National Office and Deloitte Tax LLP, Washington National Tax Group, and principal author of Revenue Procedure 2000-37(safe harbor parking arrangements/reverse like-kind exchanges). Kelly participated in the development of the IRS position on the qualification of tenancy-in-common interests under §1031 and has over 25 years of experience in federal taxation. Prior to joining NES, she was a Senior Manager in the Washington National Tax office of Deloitte Tax LLP for over five years, where she specialized in all aspects of like-kind exchanges. She held various management positions in the National Office of the IRS Office of Chief Counsel in Washington, DC where she wrote rulings and regulations for national application, as well as taxpayer specific guidance, with a particular emphasis on like-kind exchange issues.

NES is also known for its emphasis on transparency and compliance as the industry’s only Qualified Intermediary to submit itself to an annual independent audit of business practices and procedures resulting in a SAS 70 type II certification. These provisions focus on financial security procedures and validate NES’ compliance with federal regulations such as the Bank Secrecy Act (BSA), Gramm-Leach-Bliley Privacy Act, USA PATRIOT Act, Sarbanes-Oxley Rule 404 (SOX 404) and guidelines set forth by the Office of the Comptroller of the Currency (OCC).

ABOUT NATIONWIDE EXCHANGE SERVICES:

Nationwide Exchange Services (NES – www.nesf.com) is a leading Qualified Intermediary for 1031 Like-Kind Exchanges. Since 1990, NES has conducted tens of thousands of successful 1031 exchange transactions across the nation. In November 2008, NES purchased J.P. Morgan Property Exchange Inc. (JPEX) from JPMorgan Chase Bank, N.A. to acquire the firm’s 1031 Like-Kind Exchange Services Division. Today, NES applies advanced technologies to proven business processes to create new standards of customer-driven products and services for 1031 Like-Kind Exchanges. NES has been awarded a SAS 70 Type II certification after an extensive audit of its processes and controls and, as a result, is uniquely qualified to serve the needs of companies that must comply with Section 404 of the Sarbanes-Oxley Act.