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22WS-1553: Surgent's Taking Advantage of Like-Kind Exchanges (Webinar)

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

Date Tuesday, December 20, 2022
Time 2:00pm - 4:00pm
Central Time
Location Online
CPE credits CPE 2.0
Field(s)
of study
Taxes - Technical (2.0)
Specialty
credits
2.0 IRS CE approved
Instructor William Eskin, CPA
William I. Eskin, CPA
Fees
Standard Member Fee $99.00
Standard Nonmember Fee $99.00

Description

When real property is sold for a gain, we always try to find ways to defer recognizing income so that it won't be necessary to send a check to Uncle Sam. There is a provision within the Internal Revenue Code that allows the taxpayer to defer recognition of immediate taxable gain in the year of sale known as a "like-kind exchange." Knowing how and when to utilize this provision makes the CPA very valuable to either their client or the entity they work for. We will also discuss recent proposals that could impact the future of this provision.

Who should take this program?

CPAs who either represent or work for entities that own real property

Major subjects

  • Understand the history of IRC Sec 1031
  • Who does and does not qualify for utilizing the like-kind provisions
  • Which properties do and do not for like-kind exchanges
  • The differences between a "dealer" and a "non-dealer" regarding like-kind exchanges
  • How to complete a like-kind exchange
  • The different types of like-kind exchanges
  • The definition of "boot" and how it applies to like-kind exchanges
  • Rules concerning Revenue Ruling 72-456, and
  • The mechanics of Form 8824 and how to complete this form by performing case studies

Learning objective(s)

  • Utilize the provisions of IRC Section 1031 in order to defer recognizing gain on the sale of real property via a like-kind exchange

Notes:

Course code Code 22WS-1553
Sponsor Surgent
NASBA ID#: 103212
Level Intermediate
Format Group Internet Based
Prerequisites Prereq. A basic knowledge of the provisions for recognizing gain or loss on the sale of real property
Advance
prep
None

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

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