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Thursday, January 6, 2022 Live Webcast

Taxation of Real Estate Partnerships (E2201091)

8:30 AM - 4:30 PM EST

Registration: 8:00 AM EST

webcast

ON24

8.0 CPE Credits in TX

OVERVIEW

Taxation specific to the real estate industry is awash with special tax laws that are complex and associated with the real estate industry. The current tax laws and regulations may determine profitability when acquiring and disposing of real property. Special tax laws have been promulgated to mitigate the tax burdens, which in turn may determine returns on investment in real property. Historically, the partnership and, more recently, the limited liability company entities are the most commonly used forms of ownership when acquiring or constructing real property. The seminar explores how partnership taxation using either type of entity applies in many areas of the real estate industry.

DESIGNED FOR

Accounting and financial professionals 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.
  • 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
  • Forms of ownership
  • Organization and syndication costs
  • Contribution of property with built-in gain or loss
  • Disguised sales
  • Acquiring real property
  • Identifying assets
  • Depreciating real property
  • Sale and disposition of real estate
  • Tax treatment of lease activity
  • 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
  • Understand the complexities of the Opportunity Zone Fund regulations

COURSE LEVEL

Intermediate

PREREQUISITES

General tax knowledge.

ADVANCE PREPARATION

None

INSTRUCTOR

Nick Preusch

Nick Preusch, CPA, J.D., LL.M.

Nick Preusch, CPA, JD, LLM Nick Preusch’s primary focus is performing tax services for high wealth individuals and mid-to-large business entities. Nick’s responsibilities include tax research related to complex business transactions and tax return preparation and review. He also works closely with businesses and individuals to find tax efficiencies through ever-changing tax legislation. He was also an Internal Revenue Service (IRS) attorney at the IRS National Office in Washington, DC where he was the lead attorney for several significant tax ethics cases. Nick co-authored, Tax Preparer Penalties and Circular 230 Enforcement, a textbook published by Thomson Reuters. He has also been published in the AICPA’s Tax Advisor and Journal of Accountancy along with CCH’s Journal of Tax Practice and Procedure. In 2017, he was named one of the VSPCA’s Top 5 Under 35. In 2018, he was named CPA Practice Advisor’s Top 40 Under 40. In 2018, he was part of the AICPA’s New Face of Tax ad campaign. Nick is a licensed attorney in New York and a Certified Public Accountant in Virginia. He earned an LLM in Taxation from Georgetown University, a JD from Case Western Reserve University, and an Master of Science in Accounting from the University of Connecticut.

PRICING

$289.00 - Member

$439.00 - Nonmember

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Note: Online pre-registration will close on January 6 at 8:00 AM.

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