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Thursday, June 11, 2015 Live

Taxation of Real Estate Partnerships (E1506371)

8:30 AM - 4:30 PM EDT

Registration: 8:00 AM EDT

NJCPA Education Center

425 Eagle Rock Avenue,
Roseland , NJ 07068

8 CPE Credits in TX

OVERVIEW

Taxation specific to the real estate industry is replete with special and complex tax laws. The current tax laws and regulations may determine the profitability when acquiring and disposing of real property. This seminar explores how partnership taxation applies in many areas of the real estate industry.

DESIGNED FOR

CPAs in public practice or industry that practice in the real estate industry.

BENEFITS

  • Plan and comply with taxation provisions affecting partnerships, LLCs & corporations
  • Recognize opportunities to mitigate tax burdens
  • Work with clients and associates to structure real estate deals providing a favorable tax status
  • Effectuate a successful Section 1031 Tax Deferred Exchange
  • The tax treatment of cancellation of indebtedness issues
  • Strategies for exiting partners

HIGHLIGHTS

  • Disposition of real property, including Section 1031 exchanges, contributions of real property and involuntary conversions
  • The tax implications of abandonment of a partnership interest and deduction for a worthless partnership interest
  • § Recourse and nonrecourse debt allocations
  • Cancellation of indebtedness tax issues
  • Dealer vs. investor substance issues and tax effects
  • Valuation of real estate partnership interests for estate planning and gains on disposition of a partnership interest
  • Tax treatment of lease acquisition and cancellation costs
  • Explore the complexities of Section 467 lease arrangements
  • Passive activity, tax basis and at-risk basis limitations
  • Planning techniques to reduce taxes upon disposition of real property

COURSE LEVEL

Intermediate

PREREQUISITES

None

ADVANCE PREPARATION

None

INSTRUCTOR

Joel Rosenfeld

Joel I. Rosenfeld, CPA

Joel Rosenfeld Joel Rosenfeld is a managing partner of JIR Consulting Co, LLC, in West Orange, New Jersey, providing consulting to the real estate industry. Joel was an Adjunct Assistant Professor at NYU, Schack Real Estate Institute, Graduate Program. Presently, Joel is an Adjunct Assistant Professor at Fordham University, teaching real estate taxation in the graduate school. Joel was a CPA for 43 years with extensive experience in real estate accounting and taxation. Joel serves as a special consultant to the New York Times on real estate matters. Besides teaching at NYU, Joel has previously presented programs for AICPA conferences and NAIOP seminars. He is a licensed New Jersey instructor, providing CPE to commercial real estate brokers/salespersons and has been published in multiple real estate publications, and is the author of Principles of Real Estate Accounting and Taxation, a textbook used by many universities. Joel is a past member of the AICPA, the New Jersey Society of CPAs, and served as chairperson for the AICPA National Real Estate Conference, National Tax Committee, the National Association of Office and Industrial Parks, and NYU Real Estate Conference. He was a member of the New Jersey State Society of Certified Public Accountants Professional Conduct Committee, the Counselors of Real Estate, a board member of Fairleigh Dickinson University’s Center for Real Estate Studies, and a Trustee with the National Association of Office and Industrial Parks.

PRICING

$299.00 - Member

$399.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

Nichols Patrick CPE, Inc.

AREAS OF INTEREST