Live Stream: Taxation of Property Transactions
228 | Livestream | Intermediate | Scheduled
Description
A fundamental understanding of the taxation of business property transactions is essential to any tax practice. This course prepares tax professionals to handle the tax effects of common property transactions, including like-kind exchanges and involuntary conversions. It also covers important property-related timing issues and planning opportunities that can lead to significant tax savings.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 4.00 | Taxes |
| 3.33 | CLE |
Designed For
Tax staff and senior associates in public accounting, entry and midlevel tax professionals in industry
Prerequisites
Basic knowledge of property transactions and taxation
Highlights
- Sections 1231, 1245 and 1250
- Depreciation recapture
- Capital gains and losses
- Nonrecognition transactions
Objectives
When you complete this course, you will be able to:
- Calculate gain or loss realized and recognized on business property dispositions
- Apply the capital losses limitations and preferential tax rates on capital gains
- Determine the impact of depreciation recapture on a taxpayer's taxable income and tax liability
- Determine the tax basis of property received in a like-kind exchange
- Determine allowable cost recovery deductions for replacement property acquired in a like-kind exchange or involuntary conversion
Prices
- Member (Early Bird)
- $189.00
- Non-Member (Early Bird)
- $249.00
- Member
- $189.00
- Non-Member
- $249.00
Instructors
Gregory A. Carnes, CPA, Ph.D.
Dr. Gregory Carnes serves as Dean of the College of Business at the University of North Alabama. He came to UNA in 2007 as the Raburn Eminent Scholar of Accounting. He previously served as President of the Accounting Program Leadership Group, President-Elect of the Federation of Schools of Accountancy, and Secretary of the American Taxation Association.
Dr. Carnes has also served as chair of the Department of Accountancy at Northern Illinois University and Dean of the College of Business at Lipscomb University. Dr. Carnes has published approximately 30 articles in journals such as The Journal of Economic Psychology, Journal of the American Taxation Association, Advances in Taxation, The Journal of International Accounting, Auditing, and Taxation, The Tax Adviser, Taxation for Accountants, Taxation for Lawyers, and The CPA Journal.
He is a contributing author on South-Western Federal Taxation: Individual Income Taxes, a popular textbook used in undergraduate taxation courses. He also authors material for Wiley/CPA Excel, one of the nation's leading CPA Review courses. He has also provided tax training for national accounting firms and the AICPA. He is a member of the AICPA, the American Accounting Association, the Alabama Society of CPAs, and the American Taxation Association.
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