Taking Advantage of Installment Sales and Like-Kind Exchanges (Z1-ISL4-2022-01-SSDL)

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200 Minutes

On Demand - Audio

4 CPE Credits in TX

Learn about the two provisions within the Internal Revenue Code that allow taxpayers to defer recognition of immediate taxable gain in the year of sale: installment sales and like-kind exchanges. Also, discuss recent proposals which could impact the future of these two provisions.

DESIGNED FOR

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

BENEFITS

Learn when and how to utilize the provisions of IRC Section 453 in order to defer recognizing gain on the sale of real property via installment sales
Learn when and how to utilize the provisions of IRC Section 1031 in order to defer recognizing gain on the sale of real property via a like-kind exchange

HIGHLIGHTS

When real property is sold for a gain, we always try to find ways to defer recognizing income so it won’t be necessary to send a check to Uncle Sam. Knowing how and when to utilize installment sales and like-kind exchanges makes the CPA very valuable to either their client or the entity they work for. The following topics will be covered:

How the IRC defines an installment sale under Section 453
When a taxpayer can utilize the provisions of IRC Section 453
When a taxpayer should utilize the provisions of an installment sale and when should it be avoided
How the issue of a “dealer” versus a “non-dealer” impact the use of the installment sale method
Reporting an installment sale when related parties are involved
Calculating an installment sale
How the Tax Cuts and Jobs Act has impacted the use of the installment sale method
A like-kind exchange as defined by IRC Section 1031
When a taxpayer can utilize the provisions of IRC Section 1031
The types of real property are eligible for like-kind exchange treatment and the types that are not
What “boot” and how it impacts the like-kind exchange deferral?
Calculating a like-kind exchange including any taxable portion
How the Tax Cuts and Jobs Act has impacted the use of like-kind exchanges
Recent changes to like-kind exchanges as the result of IRS final regulations
Changes that may be on the horizon regarding like-kind exchanges

COURSE LEVEL

Intermediate

PREREQUISITES

A basic understanding of the provisions for recognizing gain or loss on the sale of real property

ADVANCE PREPARATION

None

PRICING

$79.00 - Member

$99.00 - Nonmember

Purchase

ADDITIONAL OPTIONS

Remind me to register

Print a registration form

COURSE DEVELOPER

Surgent

AREAS OF INTEREST

TAX: Federal tax

ALSO QUALIFIES FOR

IRS (EA)

Taking Advantage of Installment Sales and Like-Kind Exchanges (Z1-ISL4-2022-01-SSDL)

OVERVIEW

DESIGNED FOR

BENEFITS

HIGHLIGHTS

COURSE LEVEL

PREREQUISITES

ADVANCE PREPARATION

SESSIONS

PRICING

ADDITIONAL OPTIONS

Request a Reminder

COURSE DEVELOPER

AREAS OF INTEREST

ALSO QUALIFIES FOR

Data Alerts

Taking Advantage of Installment Sales and Like-Kind Exchanges (Z1-ISL4-2022-01-SSDL)

OVERVIEW

DESIGNED FOR

BENEFITS

HIGHLIGHTS

COURSE LEVEL

PREREQUISITES

ADVANCE PREPARATION

SESSIONS

PRICING

ADDITIONAL OPTIONS

Request a Reminder

COURSE DEVELOPER

AREAS OF INTEREST

ALSO QUALIFIES FOR

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