20WS-0829: Surgent's Taking Advantage of Installment Sales and Like-Kind Exchanges (Webinar)
If you have questions about this event, please call us at 952-831-2707.
Monday, October 26, 2020
12:00pm - 3:30pm Central Time
4 CPE (4 technical) | 4 IRS CE
When real property is sold for a gain, we always try to find ways to defer recognizing income so it won't be necessary to send a check to Uncle Sam. There are two provisions within the Internal Revenue Code that allow the taxpayer to defer recognition of immediate taxable gain in the year of sale: installment sales and like-kind exchanges. Knowing how and when to utilize these provisions makes the CPA very valuable to either their client or the entity they work for.
Major subjects
-
How does the IRC define an installment sale under Section 453?
-
When can a taxpayer utilize the provisions of IRC Section 453?
-
When should a taxpayer utilize the provisions of an installment sale and when should it be avoided
-
How does the issue of a "dealer" vs. a "non-dealer" impact the use of the installment sale method
-
How to report an installment sale when related parties are involved
-
How to calculate an installment sale
-
How has the Tax Cuts and Jobs Act impacted the use of the Installment Sale Method
-
What is a like-kind exchange as defined by IRC Section 1031
-
When can a taxpayer utilize the provisions of IRC Section 1031
-
What types of real property are eligible for like-kind exchange treatment and what types are not
-
What is "boot" and how does it impact the like-kind exchange deferral
-
How to calculate a like-kind exchange including any taxable portion
-
How has the Tax Cuts and Jobs Act impacted the use of like-kind exchanges
Learning objective(s)
-
Learn when and how to utilize the provisions of IRC Section 453 in order to defer recognizing gain on the sale of real property via installment sales
-
Learn when and how to utilize the provisions of IRC Section 1031 in order to defer recognizing gain on the sale of real property via a like-kind exchange
Who should take this program?
CPAs who either represent or work for entities that own real property
Fees
Our records indicate
you are a
nonmember.
If you register, you will be charged
$139.00
(Standard Nonmember Fee).
Members: Please
log in
to receive member fee.
Standard Member Fee |
$139.00
|
Standard Nonmember Fee |
$139.00
|