Curchin Partner Goes National Talking About the Benefits of “Like Kind Exchanges”

RED BANK, New Jersey (August 9, 2005) – Douglas Stives, CPA of The Curchin Group, a middle-market public accounting firm based in Red Bank, New Jersey, makes two national television appearances during August talking about Internal Revenue Code (“IRC”) Section 1031, which covers a tax deferral technique known as Like Kind Exchange.   Earlier this month, Stives appeared on a taped segment of Personal Finance, a Bloomberg program that helps people better manage their money.  He will be featured today on CNBC’s Morning Call with anchor Ted David discussing the same.  During July, Stives lectured groups of CPA’s at conferences in Newport, RI and Lake Tahoe, CA on the merits of IRC 1031 and other tax topics.

“The technique of Like Kind Exchanges is nothing new, but with most real estate investors sitting on huge gains, the benefits are amazing.  One of the problems is the confusion caused by some very strict rules” explains Stives.  “IRC Section 1031 provides an opportunity to defer tax when appreciated real estate is sold.  Virtually anyone selling real estate can escape a tax hit with proper planning and solid financial advice.” Stives asserts.  Stives is a CPA and PFS (Personal Financial Specialist) with 35 years of experience at Curchin.

Celebrating 50 years in Monmouth County, New Jersey, The Curchin Group helps small to mid-sized businesses and individuals reach their financial goals through providing a broad range of Assurance; Tax; Financial Planning; and Business Advisory Services.  The firm is dedicated to giving solid financial advice, sustaining long-term relationships with its clients and employees and giving back to the surrounding community.