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  • Accruit’s Commitment and Leadership Role in Serving the 1031 Exchange Market

    Accruit is proud to announce the appointment of Senior Managing Director, Steve Chacon, to the position of Treasurer of the Federation of Exchange Accommodators (FEA). Chacon will serve on the Board of Directors as he continues to reinforce the Accruit team’s commitment to protecting Internal Revenue Code §1031 and 1031 Like-Kind Exchanges (LKEs).
    “Steve continues to be a leading expert in the field,” said President and CEO of Accruit, Brent Abram, who is also an FEA board member and FEA past-president, “We are pleased to see him on the FEA Executive Board and we’re excited to see what his knowledge will bring to the table.”

    Customer Benefits
    With such close ties to the organization that serves as the voice for the 1031 exchange industry, Accruit’s ability to serve our clients will be enhanced almost immediately in several key areas:

    Accruit will help our clients understand and adopt new tools and resources as they are implemented.  Stay up to date on 1031 Like-Kind Exchange IRC with precise information and best practices provided by Accruit.
    By actively engaging with federal and state legislators, Accruit can ensure that the tax-saving strategy of a 1031 LKE will remain as a benefit for our clientele. The appointment of Chacon grants us even deeper influence and knowledge that puts Accruit at the forefront of the industry.

    Read the full press release or Talk to Accruit about a 1031 Like-Kind Exchange today.

  • Accruit’s Commitment and Leadership Role in Serving the 1031 Exchange Market

    Accruit is proud to announce the appointment of Senior Managing Director, Steve Chacon, to the position of Treasurer of the Federation of Exchange Accommodators (FEA). Chacon will serve on the Board of Directors as he continues to reinforce the Accruit team’s commitment to protecting Internal Revenue Code §1031 and 1031 Like-Kind Exchanges (LKEs).
    “Steve continues to be a leading expert in the field,” said President and CEO of Accruit, Brent Abram, who is also an FEA board member and FEA past-president, “We are pleased to see him on the FEA Executive Board and we’re excited to see what his knowledge will bring to the table.”

    Customer Benefits
    With such close ties to the organization that serves as the voice for the 1031 exchange industry, Accruit’s ability to serve our clients will be enhanced almost immediately in several key areas:

    Accruit will help our clients understand and adopt new tools and resources as they are implemented.  Stay up to date on 1031 Like-Kind Exchange IRC with precise information and best practices provided by Accruit.
    By actively engaging with federal and state legislators, Accruit can ensure that the tax-saving strategy of a 1031 LKE will remain as a benefit for our clientele. The appointment of Chacon grants us even deeper influence and knowledge that puts Accruit at the forefront of the industry.

    Read the full press release or Talk to Accruit about a 1031 Like-Kind Exchange today.

  • Accruit’s Commitment and Leadership Role in Serving the 1031 Exchange Market

    Accruit is proud to announce the appointment of Senior Managing Director, Steve Chacon, to the position of Treasurer of the Federation of Exchange Accommodators (FEA). Chacon will serve on the Board of Directors as he continues to reinforce the Accruit team’s commitment to protecting Internal Revenue Code §1031 and 1031 Like-Kind Exchanges (LKEs).
    “Steve continues to be a leading expert in the field,” said President and CEO of Accruit, Brent Abram, who is also an FEA board member and FEA past-president, “We are pleased to see him on the FEA Executive Board and we’re excited to see what his knowledge will bring to the table.”

    Customer Benefits
    With such close ties to the organization that serves as the voice for the 1031 exchange industry, Accruit’s ability to serve our clients will be enhanced almost immediately in several key areas:

    Accruit will help our clients understand and adopt new tools and resources as they are implemented.  Stay up to date on 1031 Like-Kind Exchange IRC with precise information and best practices provided by Accruit.
    By actively engaging with federal and state legislators, Accruit can ensure that the tax-saving strategy of a 1031 LKE will remain as a benefit for our clientele. The appointment of Chacon grants us even deeper influence and knowledge that puts Accruit at the forefront of the industry.

    Read the full press release or Talk to Accruit about a 1031 Like-Kind Exchange today.

  • IRS to Provide Tax Relief to Victims of Recent Colorado Flooding

    Accruit would like to wish a speedy recovery as our hearts and minds go out to all those affected by the recent storms, flooding and landslides here in Colorado.  We hope for the best on behalf of all our clients and neighbors enduring the lasting effects of the devastation.
    In response to the flooding to hit Colorado in recent weeks, the IRS has announced that tax relief will be provided for business and individual taxpayers in several areas affected by the severe flooding.

    The covered disaster area includes Adams, Boulder, Larimer and Weld counties, where taxpayers will be eligible for tax relief. More counties may be added to this list as the damage assessments of the Federal Emergency Management Agency (FEMA) continue over the next several days.
    The offered tax relief will postpone certain tax filing and payment deadlines until December 2, 2013. The relief plan includes companies and business that previously obtained an extension until September 16, 2013, to file their 2012 returns and individuals and businesses that received a similar extension until October 15. It also includes the estimated tax payment for the third quarter of 2013, which would normally be due September 16th.
    The IRS applies automatic filing and payment relief to those taxpayers located in the covered disaster areas. Taxpayers who reside or have a business located outside the covered disaster area must call the disaster hotline at 866-562-5227 to request this tax relief.
    Practitioners located in the covered disaster area who maintain records necessary to meet a filing or payment deadline for multiple taxpayers outside the disaster area may contact the IRS to identify such clients using the procedures described on the IRS.gov. The IRS encourages taxpayers and tax practitioners to monitor the Tax Relief in Disaster Situations listings at

  • IRS to Provide Tax Relief to Victims of Recent Colorado Flooding

    Accruit would like to wish a speedy recovery as our hearts and minds go out to all those affected by the recent storms, flooding and landslides here in Colorado.  We hope for the best on behalf of all our clients and neighbors enduring the lasting effects of the devastation.
    In response to the flooding to hit Colorado in recent weeks, the IRS has announced that tax relief will be provided for business and individual taxpayers in several areas affected by the severe flooding.

    The covered disaster area includes Adams, Boulder, Larimer and Weld counties, where taxpayers will be eligible for tax relief. More counties may be added to this list as the damage assessments of the Federal Emergency Management Agency (FEMA) continue over the next several days.
    The offered tax relief will postpone certain tax filing and payment deadlines until December 2, 2013. The relief plan includes companies and business that previously obtained an extension until September 16, 2013, to file their 2012 returns and individuals and businesses that received a similar extension until October 15. It also includes the estimated tax payment for the third quarter of 2013, which would normally be due September 16th.
    The IRS applies automatic filing and payment relief to those taxpayers located in the covered disaster areas. Taxpayers who reside or have a business located outside the covered disaster area must call the disaster hotline at 866-562-5227 to request this tax relief.
    Practitioners located in the covered disaster area who maintain records necessary to meet a filing or payment deadline for multiple taxpayers outside the disaster area may contact the IRS to identify such clients using the procedures described on the IRS.gov. The IRS encourages taxpayers and tax practitioners to monitor the Tax Relief in Disaster Situations listings at

  • IRS to Provide Tax Relief to Victims of Recent Colorado Flooding

    Accruit would like to wish a speedy recovery as our hearts and minds go out to all those affected by the recent storms, flooding and landslides here in Colorado.  We hope for the best on behalf of all our clients and neighbors enduring the lasting effects of the devastation.
    In response to the flooding to hit Colorado in recent weeks, the IRS has announced that tax relief will be provided for business and individual taxpayers in several areas affected by the severe flooding.

    The covered disaster area includes Adams, Boulder, Larimer and Weld counties, where taxpayers will be eligible for tax relief. More counties may be added to this list as the damage assessments of the Federal Emergency Management Agency (FEMA) continue over the next several days.
    The offered tax relief will postpone certain tax filing and payment deadlines until December 2, 2013. The relief plan includes companies and business that previously obtained an extension until September 16, 2013, to file their 2012 returns and individuals and businesses that received a similar extension until October 15. It also includes the estimated tax payment for the third quarter of 2013, which would normally be due September 16th.
    The IRS applies automatic filing and payment relief to those taxpayers located in the covered disaster areas. Taxpayers who reside or have a business located outside the covered disaster area must call the disaster hotline at 866-562-5227 to request this tax relief.
    Practitioners located in the covered disaster area who maintain records necessary to meet a filing or payment deadline for multiple taxpayers outside the disaster area may contact the IRS to identify such clients using the procedures described on the IRS.gov. The IRS encourages taxpayers and tax practitioners to monitor the Tax Relief in Disaster Situations listings at

  • Accruit Purchases North Star Deferred Exchange Company From BMO Financial Corporation

    DENVER (Sept. 6, 2011) — Accruit, LLC, the nation’s leading Qualified Intermediary (QI) for Section 1031 Program Like-Kind Exchanges (LKE), has entered into a definitive agreement to acquire North Star Deferred Exchange Corp, located in Chicago, Illinois, from BMO Financial Corporation. North Star Trust Company and its affiliates will remain a part of BMO Financial Corporation. North Star Deferred Exchange and North Star Trust Company are not related to Northstar Trade Finance, Inc., another company in which BMO Financial Group maintains an interest.
    Since 1997, North Star Deferred Exchange Corp (NSDE) has been a national provider of QI and Exchange Accommodation Titleholder (EAT) services for complex exchanges of both real and personal property, specializing in reverse, build-to-suit and improvement exchanges.
    Section 1031 of the Internal Revenue Code enables property owners to defer taxable gain on the disposition of assets if those assets are replaced with like-kind assets. Accruit’s patented Like-Kind Exchange (LKE) process has been employed by companies in over 20 different industries to turn billions of dollars of tax liability into retained cash flow for the acquisition of new assets. Accruit’s platform allows all transaction phases to be managed electronically, delivering valuable tools to clients, advisors and administrators of portfolios.
    Leveraging the technology and experience of both companies provides the exchange industry with one of the broadest service offerings available. Accruit and NSDE have demonstrated proficiency in exchanges of real estate, automobile and truck fleets, construction, aggregate and agricultural equipment, railcars, aircraft and portfolios of leased equipment, as well as more unusual transactions involving such things as rare art and other collectibles, classic Indy 500 race cars, race horses, cranberry bogs and highway billboards.
    Martin Edwards, President of NSDE, described joining Accruit as “an exciting opportunity to combine the existing strengths and expertise of both companies and harness the innovative spirit shared by Accruit and NSDE as we expand our service capabilities.” Edwards will continue to serve as President of NSDE. He will also become Vice President and General Counsel of Accruit and a part of the management team upon closing.
    The combined entities offer continuity for existing LKE Program customers of both companies and expanded capabilities for new ones. Brent Abrahm, President and CEO of Accruit, stated: “In addition to the many clear benefits of this acquisition, NSDE’s significant niche in the LKE Program area bolsters the strong and unique Joint Business Relationship Accruit enjoys with PricewaterhouseCoopers LLP (PwC), where our complementary services provide a comprehensive solution for program exchanges in the LKE industry. Marty’s reputation in the marketplace, along with his 25 year history of facilitating forward and reverse exchanges makes this acquisition a strategic step in expanding Accruit’s current offerings in the arena of real property exchanges.”
    As part of the management change at Accruit, Abrahm also announced that the task of identifying funding sources and acquisition candidates has largely been accomplished at this time and that Accruit’s CFO, Juan Perez, who had been spearheading those efforts, will be leaving Accruit. “We respect and appreciate what Juan has helped us accomplish, and know he will be a valuable asset to his next company.”
    NSDE’s Independent Director/Independent Manager Services, which facilitate lender required, bankruptcy-remote LLC structures, will also be continued and expanded under Accruit’s ownership.
    BMO Financial Group is a highly diversified North American financial services organization which provides a broad range of retail banking, wealth management and investment banking products and solutions.
    The parties anticipate a closing in September 2011.

  • Accruit Purchases North Star Deferred Exchange Company From BMO Financial Corporation

    DENVER (Sept. 6, 2011) — Accruit, LLC, the nation’s leading Qualified Intermediary (QI) for Section 1031 Program Like-Kind Exchanges (LKE), has entered into a definitive agreement to acquire North Star Deferred Exchange Corp, located in Chicago, Illinois, from BMO Financial Corporation. North Star Trust Company and its affiliates will remain a part of BMO Financial Corporation. North Star Deferred Exchange and North Star Trust Company are not related to Northstar Trade Finance, Inc., another company in which BMO Financial Group maintains an interest.
    Since 1997, North Star Deferred Exchange Corp (NSDE) has been a national provider of QI and Exchange Accommodation Titleholder (EAT) services for complex exchanges of both real and personal property, specializing in reverse, build-to-suit and improvement exchanges.
    Section 1031 of the Internal Revenue Code enables property owners to defer taxable gain on the disposition of assets if those assets are replaced with like-kind assets. Accruit’s patented Like-Kind Exchange (LKE) process has been employed by companies in over 20 different industries to turn billions of dollars of tax liability into retained cash flow for the acquisition of new assets. Accruit’s platform allows all transaction phases to be managed electronically, delivering valuable tools to clients, advisors and administrators of portfolios.
    Leveraging the technology and experience of both companies provides the exchange industry with one of the broadest service offerings available. Accruit and NSDE have demonstrated proficiency in exchanges of real estate, automobile and truck fleets, construction, aggregate and agricultural equipment, railcars, aircraft and portfolios of leased equipment, as well as more unusual transactions involving such things as rare art and other collectibles, classic Indy 500 race cars, race horses, cranberry bogs and highway billboards.
    Martin Edwards, President of NSDE, described joining Accruit as “an exciting opportunity to combine the existing strengths and expertise of both companies and harness the innovative spirit shared by Accruit and NSDE as we expand our service capabilities.” Edwards will continue to serve as President of NSDE. He will also become Vice President and General Counsel of Accruit and a part of the management team upon closing.
    The combined entities offer continuity for existing LKE Program customers of both companies and expanded capabilities for new ones. Brent Abrahm, President and CEO of Accruit, stated: “In addition to the many clear benefits of this acquisition, NSDE’s significant niche in the LKE Program area bolsters the strong and unique Joint Business Relationship Accruit enjoys with PricewaterhouseCoopers LLP (PwC), where our complementary services provide a comprehensive solution for program exchanges in the LKE industry. Marty’s reputation in the marketplace, along with his 25 year history of facilitating forward and reverse exchanges makes this acquisition a strategic step in expanding Accruit’s current offerings in the arena of real property exchanges.”
    As part of the management change at Accruit, Abrahm also announced that the task of identifying funding sources and acquisition candidates has largely been accomplished at this time and that Accruit’s CFO, Juan Perez, who had been spearheading those efforts, will be leaving Accruit. “We respect and appreciate what Juan has helped us accomplish, and know he will be a valuable asset to his next company.”
    NSDE’s Independent Director/Independent Manager Services, which facilitate lender required, bankruptcy-remote LLC structures, will also be continued and expanded under Accruit’s ownership.
    BMO Financial Group is a highly diversified North American financial services organization which provides a broad range of retail banking, wealth management and investment banking products and solutions.
    The parties anticipate a closing in September 2011.

  • Accruit Purchases North Star Deferred Exchange Company From BMO Financial Corporation

    DENVER (Sept. 6, 2011) — Accruit, LLC, the nation’s leading Qualified Intermediary (QI) for Section 1031 Program Like-Kind Exchanges (LKE), has entered into a definitive agreement to acquire North Star Deferred Exchange Corp, located in Chicago, Illinois, from BMO Financial Corporation. North Star Trust Company and its affiliates will remain a part of BMO Financial Corporation. North Star Deferred Exchange and North Star Trust Company are not related to Northstar Trade Finance, Inc., another company in which BMO Financial Group maintains an interest.
    Since 1997, North Star Deferred Exchange Corp (NSDE) has been a national provider of QI and Exchange Accommodation Titleholder (EAT) services for complex exchanges of both real and personal property, specializing in reverse, build-to-suit and improvement exchanges.
    Section 1031 of the Internal Revenue Code enables property owners to defer taxable gain on the disposition of assets if those assets are replaced with like-kind assets. Accruit’s patented Like-Kind Exchange (LKE) process has been employed by companies in over 20 different industries to turn billions of dollars of tax liability into retained cash flow for the acquisition of new assets. Accruit’s platform allows all transaction phases to be managed electronically, delivering valuable tools to clients, advisors and administrators of portfolios.
    Leveraging the technology and experience of both companies provides the exchange industry with one of the broadest service offerings available. Accruit and NSDE have demonstrated proficiency in exchanges of real estate, automobile and truck fleets, construction, aggregate and agricultural equipment, railcars, aircraft and portfolios of leased equipment, as well as more unusual transactions involving such things as rare art and other collectibles, classic Indy 500 race cars, race horses, cranberry bogs and highway billboards.
    Martin Edwards, President of NSDE, described joining Accruit as “an exciting opportunity to combine the existing strengths and expertise of both companies and harness the innovative spirit shared by Accruit and NSDE as we expand our service capabilities.” Edwards will continue to serve as President of NSDE. He will also become Vice President and General Counsel of Accruit and a part of the management team upon closing.
    The combined entities offer continuity for existing LKE Program customers of both companies and expanded capabilities for new ones. Brent Abrahm, President and CEO of Accruit, stated: “In addition to the many clear benefits of this acquisition, NSDE’s significant niche in the LKE Program area bolsters the strong and unique Joint Business Relationship Accruit enjoys with PricewaterhouseCoopers LLP (PwC), where our complementary services provide a comprehensive solution for program exchanges in the LKE industry. Marty’s reputation in the marketplace, along with his 25 year history of facilitating forward and reverse exchanges makes this acquisition a strategic step in expanding Accruit’s current offerings in the arena of real property exchanges.”
    As part of the management change at Accruit, Abrahm also announced that the task of identifying funding sources and acquisition candidates has largely been accomplished at this time and that Accruit’s CFO, Juan Perez, who had been spearheading those efforts, will be leaving Accruit. “We respect and appreciate what Juan has helped us accomplish, and know he will be a valuable asset to his next company.”
    NSDE’s Independent Director/Independent Manager Services, which facilitate lender required, bankruptcy-remote LLC structures, will also be continued and expanded under Accruit’s ownership.
    BMO Financial Group is a highly diversified North American financial services organization which provides a broad range of retail banking, wealth management and investment banking products and solutions.
    The parties anticipate a closing in September 2011.

  • The Impact of 100% Bonus Depreciation on LKE Programs

    Article republished with permission of our Joint Business Relationship partner,