Concepts and Mechanics of Exchanges ON DEMAND

Overview

While tax reform visions have changed the tax on profits realized from the disposition of real estate, investors still seek escape hatches from the capital gain tax. Tax-deferred exchanges permit the disposition of property often with the taxpayer receiving significant cash but without the payment of any tax. Functionally, an exchange is a bridge over the normally taxable event of moving from one property to another. This course alerts the practitioner to the different planning opportunities that surround exchanging. Participants will be able to identify, analyze, and handle effectively the complex tax problems that arise under 1031. This understanding will be directly applied to the structuring and audit survival of multi-party and delayed exchanges.

Highlights

ERTA and TEFRA. Exchanging vs. installment sales. Code language. Qualified transaction. Like-kind property, and more.

Prerequisites

None.

Designed For

CPAs, CEOs, CFPS, and other accounting professionals.

Objectives

Identifying the provisions designed to expand retirement plan coverage and increase retirement savings. Describing the provisions designed to enable plan participants to preserve their retirement income. Listing the provisions that simplify retirement plan rules. Identifying those provisions designed to enhance federal revenue.

Preparation

None.

Notice

None.