August 31, 2022 8:00am – 11:30am Map & Directions 602-252-4144

Webcast: Real Estate Taxation - Tax Staff Essentials (8-11:30)

Online registrations are currently closed, please call (602) 324-6847 for additional registration options

Description

Do you find real estate-related topics such as passive activity limitations, like kind exchanges, involuntary conversions, and Section 1237 complicated? Learn about these common problem areas in this CPE course so you can avoid mistakes related to these provisions and ensure that your clients receive the most current tax planning and saving strategies for their tax plans.

Location

ASCPA Live Online Webcast
Phoenix, AZ 85034-6617

Registration Time

7:30am

Fees

Member:
$160
Non-CPA Staff:
$210
Non-CPA Staff (100% club):
$160
Non-CPA Staff (sole proprietor):
$160
Non-Member:
$210
Webcast
Taxation
4

Objectives

  • Calculate the limitations on deducting passive activity losses and the at-risk limitations on deducting losses on a current year's tax return.
  • Distinguish between a passive activity that would be subject to the passive loss rules, and an active activity that would not be subject to passive activity rules.
  • Identify which property qualifies for Section 1231 treatment.
  • Recognize when an involuntary conversion or like-kind exchange may be used to defer tax recognition.
  • Calculate gains and losses form property transactions.
  • Identify applicable tax rate on gains from property transactions.
  • Distinguish between different recapture provisions.
  • Determine when the rules regarding the subdivision of real estate under IRC Section 1237 apply to a transaction.

Course Level

Intermediate

Vendor

AICPA More With This Vendor

Designed For

Experienced accountants and private industry managers.

Prerequisites

None.

Event Leaders

Peterson, David E.

Rating: 4.75


David Peters is the Founder and Owner of David Peters Financial Group and Peters Tax Preparation & Consulting, PC. Peters has over fourteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry. Peters was the first-ever Chief Financial Officer at Compare.com - a position he held for more than three years.

Currently, Peters is a National Instructor for the AICPA, Surgent, and Kaplan. He regularly teaches courses in accounting, finance, insurance, financial planning, and ethics throughout the United States. Peters holds four masters degrees, and is pursuing his PhD in Financial Planning. He contributes regularly to various CPA publications, including NCACPA's Interim Report, SCACPA's CPA Report, and VSCPA's Disclosures. Peters was also a co-author of the 2018 Virginia CPA Ethics course – a required course for all CPA's licensed in the Commonwealth of Virginia.


More With Peterson, David E.

Highlights

  • Passive losses
  • At-risk rules
  • Like-kind exchanges
  • Involuntary exchanges
  • Expensing versus capitalization
  • Capital versus ordinary income

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