Webcast: Surgent's Purchase and Sale of a Residence: Critical Tax Issues
2.0 Credits
Member Price $75.00
Non-Member Price $100.00
Overview
Many clients end up selling one or more residences during their lifetimes. Tax practitioners must be aware of the tax rules that relate to such sales in order to assist their clients regarding these sales. This program provides general tax practitioners with the tax rules they need to know to help their clients when they sell a personal residence. This program is a comprehensive survey of the various tax issues associated with the sale of a residence.
Highlights
- General rules relating to the sale of a residence under § 121
- Sale of a taxpayer’s main home
- Qualifying for a partial exclusion of gain on the sale of a home
- How a taxpayer meets the residence requirement
- Meeting the look-back requirement
- Separated, divorced, and widowed taxpayers
- Work-related moves and unforeseeable events
- Inherited homes and homes received in a divorce
- Impact of business or rental use of home on the gain exclusion
- Reporting gain or loss on the sale of a home
Prerequisites
None
Designed For
Any tax professional who will be advising clients regarding the sale or other disposition of a residence
Objectives
- Explain and implement the tax rules relating to the sale of a residence
Leader(s):
Leader Bios
Mike J. Tucker, PhD, LLM, JD, Surgent McCoy CPE, LLC
Mike Tucker is a consultant for the accounting firm of T.M. Byxbee Co. in Hamden, CT. He is the author of many professional articles and a veteran TV and live-seminar presenter. He was a professor at Quinnipiac University in Hamden, CT and worked with KPMG Peat Marwick and Deloitte & Touche.
Non-Member Price $100.00
Member Price $75.00