Participants of the Sept. 7th event took on-field tours of Yankee stadium and met former players CCIM, NYSCAR and SIOR hold networking and Socializing event at Yankee Stadium

New York, NY More than 250 commercial real estate professionals from the tri-state area, New England, and beyond gathered at Yankee Stadium in the Bronx Friday, September 7 for “An Afternoon At Yankee Stadium,” a social/networking event sponsored by: CCIM Institute; Connecticut CCIM, New York CCIM and New England CCIM chapters; N.Y. Commercial Association of Realtors and NYSCAR Metro NYC chapter.

Connecticut/Western Massachusetts SIOR, N.J.SIOR, New England SIOR, Upstate N.Y. SIOR and Downstate N.Y. SIOR chapters..Participants were treated to on-field tours of the stadium, including Monument Park, the dugouts and locker rooms, and heard stories from retired players.

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A Guide to IRC § 1031 Tax –Deferred Exchanges

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By J. Michael Kirkland, Manhattan/Bronx Chapter President

   The Manhattan/ Bronx Chapter held an evening CPE seminar in late October designed to impart the latest application of tax-deferred exchanges, including forward, reverse and improvement exchanges.

   The course, called “A Guide to IRC § 1031 Tax-Deferred Exchanges,” also covered recent updates and tax court ruling that could impact your clients’ qualifications for tax-deferral treatment.

   The speaker was Society member Matthew K. Scheriff, Executive Vice President of Legal 1031 Exchange Services Inc. Scheriff is an excellent speaker. He kept the presentation lively, and there were numerous questions. After the session, I received this comment; “The chapter should make the 1031 Exchange topic with Matthew as the presenter an annual event.” With the continued support of Luis Garcia, Vice President of the Citibank Commercial Banking Group, and Scheriff, the chapter plans to make this seminar an annual event to provide our members updated tax-guidance on exchange transactions.

   The seminar was hosted by Citibank. The refreshments (sandwiches, salad, cookies, cakes, coffee and soft drinks) provided by Citibank were delicious and plentiful. Citibank also presented each attendee with a black portfolio case as a gift.

   If you would like any of the handouts offered during the course or if you’d like more information on 1031 exchanges, please contact Scheriff at 877-628-1031 or Matt@legal1031.com, or Garcia at 516-296-5599 or luis.a.garcia@citi.com.

   If you have any feedback on this program and/or suggestions for future CPE programs and/or social events, please contact me at J-michael.kirkland@db.com. If you were not able to attend, we look forward to seeing you at our future events.

   Please visit the chapter Website for upcoming CPE programs and social events: http://www.nysscpa.org/leadership/listing.cfm?ID=1003&App=150. And bring a friend or work colleague to your next chapter event.

And last, but not least, the chapter and Board would like to wish you and your family season’s greetings and happy holidays!

Monroe, CT- August 13, 2007 - Legal 1031 Exchange Services, Inc., a national qualified intermediary for IRC §1031 tax deferred exchanges, is happy to announce that Todd R. Pajonas, Esq. and Matthew K. Scheriff, CPA, were published in the prestigious New York Law Journal, on August 13, 2007.

The article, which is titled VACATION HOME SALE AS §1031 EXCHANGE? After Moore ruling, holding primarily for personal use will nix eligibility, provides guidance for the viability of exchange a vacation or second home.

Taxpayers finally have some clarity from the IRS about what is permissible and what is not. This ruling will help our clients make an informed choice when deciding whether to exchange a vacation home, states Matt Scheriff.

This is the second article written by Legal 1031 Exchange Services personnel which has been published by the New York Law Journal this year.

About Legal 1031 Exchange Services, Inc.

Legal 1031 Exchange Services, Inc. is a national provider of qualified intermediary services for all types of like kind exchanges of both real and personal property, including delayed, simultaneous, reverse, improvement and other complex exchange structures. For more information please visit www.legal1031.com or call 877-701-1031.

Todd R. Pajonas, Esq., who has previously established the Northeast operations of two national qualified intermediaries, and was the founder and president of a national qualified intermediary, is the founder and president of Legal 1031 Exchange Services, Inc. "Our new headquarters are ideally located to reach all of our clients in the Northeast,"? states Todd Pajonas.

The team at Legal 1031 Exchange Services, Inc. works closely with exchangers and their attorneys, realtors, accountants, and investment advisors to structure 1031 exchanges.

About Legal 1031 Exchange Services, Inc.

Legal 1031 Exchange Services, Inc. is a national provider of qualified intermediary services for all types of like kind exchanges of both real and personal property, including delayed, simultaneous, reverse, improvement and other complex exchange structures. For more information please visit www.legal1031.com or call 877-701-1031.