Related Party Issues and Transactions ON DEMAND

Overview

This course is designed to provide tax, accounting, and finance professionals with an in-depth understanding of related party rules and their significant impact on federal income tax implications. The class offers a detailed exploration of IRC Section 267’s core definition of “related parties” and its applications, crucial for effective tax planning and compliance. You will gain insights into constructive ownership of stock under Section 318, navigate the complexities of related party loans, and understand partnership issues under Section 707. The course also covers the implications of Section 1239 on gain from depreciable property, the intricacies of matching expense deductions, and the rules for sales of property at a loss. Additionally, you’ll explore the nuances of Section 179 issues and examine installment sale rules and Section 280A rental issues with related parties. By participating in this course, you will benefit from a clearer understanding of these regulations, enabling you to apply this knowledge to real-world scenarios, thereby enhancing your expertise and ensuring accuracy and efficiency in your professional practice.

Highlights

Related Parties under IRC Section 267. Related Parties under IRC Section 707. Related Parties under IRC Section 1239.

Prerequisites

None.

Designed For

CPAs.

Objectives

Analyze IRC section 267. Constructive ownership of stock under section 318. Related party loans. Section 707 and related partnership issues. Section 1239 gain from depreciable property. Matching expense deductions. Sale or property at a loss. Section 179 issues. Examine installment sale rules with related parties. Section 280A rental issues.

Preparation

None.

Notice

None.