This intermediate/advanced-level webinar provides a concise and thorough overview of IRC Section 1031 tax-deferred exchanges for accountants, CPAs, and tax advisors. 

This webinar covers critical IRS time deadlines in delayed exchanges, “like-kind” requirements including creative property variations like easements, transferable development rights, oil/gas/minerals rights, vacation homes held for investment, fractional ownership (DST and TICs), partnership/LLC scenarios (and how to best structure in advance of a 1031 exchange), reverse and improvement exchanges, related-party transactions and how to avoid common pitfalls, and other 1031 related issues. This webinar will summarize current developments regarding applicable revenue rulings, PLRs, and recent IRS guidance on current topics related to 1031 exchanges.

Learn how to help taxpayers owning commercial property in an LLC or partnership plan in advance to help avoid issues at closing if only some of the LLC members or partners want to exchange, including the “drop and swap,” "swap and drop,” and partnership installment note (PIN) approaches.
 

Learning Objectives:

• Determine which types of real property qualify and do not qualify for a 1031 exchange


• Recall the IRS criteria for evaluating whether the property is being held for investment versus held for sale


• Recall the process and requirements for full or partial tax deferral (and why boot may be beneficial for some taxpayers)


• Identify reasons why taxpayers exchange and how a tax-deferred exchange can help taxpayers improve their position in the market


• Identify the latest exchange trends affecting investors in the current investment market


• Identify how higher capital gain taxes and the Section 1411 Net Investment Income Tax (NIIT) have increased taxation for taxpayers by as much as 58%


• Recall how parking arrangements (reverse and improvement exchanges) can help taxpayers in markets with little available inventory at favorable pricing


• Recall qualified intermediary (QI) due diligence


• Recall the interaction between QOZ and 1031 exchanges

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

EA Approved

CPAacademy.org (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222