Taxation of Real Estate Transactions (Full-Day Course) (Completed)
Date: Monday, August 21, 2017
Instructor: James R. Hamill
| Begin Time: |
7:00am Pacific Time
8:00am Mountain Time
9:00am Central Time
10:00am Eastern Time |
| CPE Credit: |
8 hours for CPAs
8 hours Federal Tax Related for EAs and OTRPs
8 hours Tax Planning for CFP
8 hours Federal Tax Law for CTEC |
|
Real estate transactions offer a unique opportunity to plan to minimize taxes for the practitioner with knowledge of property transactions as well as the taxation of business entities. Choices available at the time of acquisition, including financing methods, as well as a variety of alternative method of disposing of real property create exciting opportunities to create significant tax savings.
This full-day CPE webinar with nationally recognized tax practitioner, instructor and commentator James Hamill, CPA, Ph.D., provides a practical review of how to deal with the most commonly encountered real estate transactions, both from a tax planning and tax compliance perspective. This course takes you through the life-cycle of a real estate investment, from acquisition to disposition. Topics include those commonly encountered by those in a real estate business, those who invest in real estate, and taxpayers who own real estate for personal use. Dr. Hamill excels at taking complex tax concepts and issues and explaining them in a clear and easy to understand manner. You don’t want to miss this helpful discussion on this essential topic!
All professionals with clients involved in real estate will benefit from this insightful webinar. The course presentation time will include opportunities for you to ask questions directly to Dr. Hamill.
This course is excluded from the following subscription programs:
Value Pass, Self-Study Package, Webinar Package, Self-Study & Webinar Package, and Firm Package.
Who Should Attend
CPAs, EAs, tax preparers and other tax professionals with responsibility for tax planning and compliance for individuals and entities engaged in real estate transactions
Topics Covered
- Determining the basis of acquired property, including allocation among multiple parcels
- Deductibility of loan points, interest, and loan acquisition costs
- Exclusions available for cancellation of debt
- Distinctions between recourse and nonrecourse debt
- Determining gain or loss from disposition
- When is gain or loss ordinary, capital, or Section 1231?
- Application of the NIIT to recognized gains
- Installment sales, including wrap notes and reacquisitions of property
- Like kind exchanges
- Involuntary exchanges
- Section 121 exclusion, including mixed-use property and previously rented property
- Vacation home provisions
- Rental properties, including QREP test and the passive loss rules
- Application of NIIT to sale of rental properties
Learning Objectives
- Understand the tax consequences of the acquisition, operation, and disposition of real estate
- Identify tax planning opportunities for commonly encountered real estate transactions
Level
Intermediate
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (8 hours)
Program Prerequisites
Basic understanding of federal income taxation topics for individuals and businesses.
Advance Preparation
None
