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Wednesday, November 30, 2022 Live Webcast

Real Estate Tax Boot Camp (E2211221)

9:00 AM - 4:30 PM EST

Registration: 8:30 AM EST

webcast

Vendor Platform

8.0 CPE Credits in TX

OVERVIEW

This course is a ‘deep dive’ into all things real estate tax-related for the mid-level practitioner moving into this complex area. You will deepen your understanding of the complex considerations and strategies that individuals must navigate in acquiring, holding, managing, constructing, and disposing of real estate. You will leave the course able to navigate critical issues associated with the relevant returns and plan strategically for your company or clients. We will discuss in detail the impact the Tax Cuts and Jobs Act continues to have on the real estate industry, as well as the impact of COVID-19.

This course features a live instructor and has been specifically designed for the NJCPA.

DESIGNED FOR

CPAs who do or will advise clients or their company on issues related to the acquisition, holding, management and disposition of real estate

BENEFITS

  • Learn how to determine the taxpayer’s basis in the property
  • Learn the rules of real estate development
  • Learn how the IRC taxes rental operations
  • Learn how to calculate gain or loss on the sale of real estate
  • Understand the complex rules of depreciation, bonus depreciation, and Section 179
  • Understand when a taxpayer can take advantage of the QBI deduction under Section199A related to rental real estate
  • Understand the at-risk rules
  • Understand the passive activity rules
  • Understand the like-kind exchange rules

HIGHLIGHTS

  • Coverage of the Inflation Reduction Act of 2022
  • Installment sales
  • Rental operations
  • Depreciation and recapture
  • Determination of basis
  • Passive activity losses
  • At-risk rules
  • The qualified business income (QBI) deduction as it relates to rental real estate
  • Like-kind exchanges
  • Calculation of gain or loss on sale of real estate

COURSE LEVEL

Intermediate

PREREQUISITES

Some experience preparing tax returns involving real estate holdings and transactions

ADVANCE PREPARATION

None

INSTRUCTOR

John Sherrick

John M. Sherrick, CPA, MA

Surgent Professional Education

John N. Sherrick, MA, CPA John N. Sherrick is a partner of Sitrick & Associates, LLC in Bettendorf, Iowa. He prepares tax returns and financial statements for closely held companies and their owners. He also provides a variety of income tax, retirement, and estate-tax planning services for his clients. He also serves as an expert witness for business valuations and other tax and accounting issues. He is also a discussion leader for continuing education courses in the tax arena on a national level. John was recognized by the NCACPA as an Outstanding Seminar Speaker for 2013, and he is also the recipient of the 2011 James L. McCoy Discussion Leader of the Year Award as well as a Surgent Outstanding Discussion Leader Award. John has over 45 years of experience in public accounting with local firms. His experience includes a wide variety of tax and accounting issues for small businesses in a number of industries. He also has had experience in auditing and taxation of not-for-profit organizations on the local and national level. Sherrick received his Bachelor’s degree in Economics and Business Administration from Knox College in Galesburg, Illinois. He then received his Master’s degree in Accounting from the University of Iowa, in Iowa City, Iowa. He is licensed in both Iowa and Illinois and is a member of the Iowa Society of CPAs and the Illinois CPA Society.

PRICING

$289.00 - Member

$439.00 - Nonmember

Register Today


Note: Online pre-registration will close on November 30 at 8:30 AM.

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COURSE DEVELOPER

Surgent