Taxation of Property Transactions - Tax Staff Essentials

Overview

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Understand taxation of property transactions

Help your clients understand and correctly handle taxes associated with property transactions.

Understand important property-related timing issues and planning opportunities that can lead to significant tax savings.

Practical understanding

Gain a practical understanding of the various complex tax laws dealing with the sale, disposal, or exchange of property.

Understand the rules dealing with like-kind exchanges and involuntary conversions, all updated for tax reform.

The course provides CPE credit in the Tax field of study.

Highlights

Key Topics

• IRC Sections 1231, 1245, and 1250
• Depreciation recapture
• Capital gains and losses
• Nonrecognition transactions

Prerequisites

Basic Knowledge of property transactions and taxation

Designed For

Who Will Benefit

• Tax staff and senior associates in public accounting
• Tax professionals in industry

Objectives

Learning Outcomes

• Apply proper treatment of involuntary conversions.
• Explain the deferral of realized gain or loss on a like-kind property exchange.
• Determine the amount of gain or loss on the sale of property.
• Determine the character of recognized gain or loss on the disposition of business property.
• Implement comprehensive property tax strategies to minimize taxes.