JP Morgan Property Exchange creates new alliance program.J.P. Morgan Property Exchange Inc. has announced the creation of a Strategic Alliance Program for real estate and accounting firms nationwide. The new program means JPEX will establish formal alliances to provide services for Like-Kind Exchanges (LKEs), which are allowed under Section 1031 of the Internal Revenue Code The Internal Revenue Code is the body of law that codifies all federal tax laws, including income, estate, gift, excise, alcohol, tobacco, and employment taxes. These laws constitute title 26 of the U.S. Code (26 U.S.C.A. § 1 et seq. , and allow taxpayers to defer capital gains on the exchange of business/investment property. JPEX is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of JPMorgan Chase, which can offer a full range of financial services products. JPEX is a long-established qualified intermediary (QI) that can provide dedicated transaction teams, a toil free number and speaking events. "JPEX is the preferred provider of Like-Kind Exchanges because of its extensive experience in the 1031 Like-Kind Exchange arena and ability to provide outstanding client service," said Christopher Yebuah, president of J.P. Morgan Property Exchange Inc. "JPEX has a strong team with Michelle Allan-Thissell leading up the new JPEX Strategic Alliance Program and Jordana Chutter coming on board to head JPEX business development for the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of area." Allan-Thissell will be approaching accountants, commercial real estate brokers, financial advisors and title agents about the JPEX Strategic Program. She had served as head of sales and marketing efforts for qualified intermediary services for JPEX in Manhattan and Southeastern U.S. including Georgia and Florida. Chutter will be reaching out to corporations, law firms and high-net worth individuals about JPEX's tax-deferral solutions. Chutter joined JPEX's New York group recently to lead business development in the greater New York Metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. . Chutter will work with corporations and individual taxpayers and their advisors in the greater New York metropolitan area to successfully structure exchanges. She has 12-years of experience at JPMorgan including work in the firm's Securities Lending Securities Lending When a brokerage lends securities owned by its clients to short sellers. Notes: This allows brokers to create additional revenue (commissions) on the short sale transaction. and American Depositary Receipts American Depositary Receipt (ADR) Certificates issued by a US depository bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue. (ADR ADR - Astra Digital Radio ) businesses. |
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