Live Stream: Real Estate Taxation - Critical Considerations
236 | Livestream | Intermediate | Scheduled
Description
This course is a deep dive into many aspects involving the taxation of real estate 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, operating and selling 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 that recent tax changes have had on the real estate industry, as well as new credits that are available after the Inflation Reduction Act of 2022.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 4.00 | Taxes |
| 3.33 | CLE |
Designed For
Accounting and finance professionals who advise clients or their company on issues related to the acquisition, operating and selling of real estate
Prerequisites
Some experience preparing tax returns involving real estate holdings and transactions
Highlights
- The impact of recent tax legislation on the real estate industry
- Depreciation and recapture
- Determining the basis when acquiring real estate
- Passive activity losses
- Calculation of gain or loss on sale of real estate
- Rental operations
- Installment sales
Objectives
- Understand the most commonly used forms of ownership for real estate holdings and the scenario-based advantages and disadvantages of each
- Know and be able to apply the key considerations in determinations surrounding depreciation and recapture, like-kind exchanges, and the determination of passive activity losses
- Recognize how recent tax legislation impacts commercial real estate
- Recognize how recent tax legislation impacts homeowners
- Identify components for determing a property's tax basis
Prices
- Member (Early Bird)
- $189.00
- Non-Member (Early Bird)
- $249.00
- Member
- $189.00
- Non-Member
- $249.00
Instructors
John Evanich, CPA
John L. Evanich, Jr., CPA, is a retired tax partner, formerly with CohnReznick, LLP -- the 10th-largest CPA firm in the country. For more than 40 years, John specialized in working with professional service businesses, LLCs, LLPs, and S corporations on tax planning and other tax matters important to them. John has represented taxpayers on hundreds of IRS appeals and court petitions. With over 40 years of experience in public accounting, John is a past president of the Connecticut Society of CPAs (CTCPA), a past member of their Board of Governors, and a former trustee of their Educational Trust Fund. He is also a former member of AICPA Council. Mr. Evanich has lectured and written extensively on tax issues, both locally and nationally. He is a member of the American Institute of CPAs.
In 2015 and 2016, he received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills. He has also served as chairman of many CTCPA committees, most notably the Federal Taxation, State Taxation, Public Relations, and Technical Consultation Services committees.
John has also testified on tax matters of concern to middle- and upper-income taxpayers, as well as small businesses, before the Ways and Means Committee of the U.S. House of Representatives, as well as various Connecticut state legislative committees.
Mr. Evanich received a bachelor's degree in accounting with honors from the University of Bridgeport, Connecticut and completed all course work in the Master's in Taxation program at Pace University in New York City.
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