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20WS-1113: 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.

Tuesday, December 22, 2020
12:00pm - 3:30pm Central Time
4 CPE (4 technical)  |  4 IRS CE

Alternate dates & more options

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
checkmark Standard Nonmember Fee $139.00

More program information

Instructor William Eskin, CPA
Location Online
Area
of study
Taxation
Field(s)
of study
Taxes - Technical (4.0)
Level Intermediate
Format Group Internet Based
Sponsor Surgent
NASBA ID#: 103212
Prerequisites Prereq. A basic understanding of the provisions for recognizing gain or loss on the sale of real property
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

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If you have questions about this event, please call us at 952-831-2707.