October 25, 2010 — NES Financial General Counsel, Kelly Alton, has recently published an article in World Leasing News regarding a recent IRS ruling that property that is simultaneously available for lease and sale is ineligible for depreciation deductions and section 1031 like-kind exchanges.
Kelly is a nationally recognized expert on Section 1031 exchanges, and has over 29 years of experience in federal income taxation. Prior to joining NESF, Kelly was a senior tax consultant in the Washington National Tax Group of Deloitte Tax LLP and Counsel to the Associate Chief Counsel for the Income Tax and Accounting division of the Office of Chief Counsel, Internal Revenue Service National Office, where she focused on Section 1031 like-kind exchanges. She is a frequent speaker and writer on the subject of like-kind exchanges and related tax issues. Kelly holds a J.D. degree from Harvard University and a B.A. in mathematics from Boston University.
About NES Financial
NES Financial (NESF) is the nation’s leading provider of secure, transparent and compliant financial administration and 1031 exchange solutions for Fortune 500 companies, financial institutions and law firms. Combining proprietary state-of-the-art technology and outstanding client services with subject matter expertise in trusts, escrows and 1031 exchanges, NESF delivers flexible and scalable solutions that safely process over 70 billion dollars each year.