- NY Credits : 2.0
- TX Credits : 2.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 2.0
- IRS Non-Credentialed Return Preparer Credits : Federal Tax - 2.0
This webinar will provide a practical, knowledgeable discussion of how and when taxpayers should consider implementing a “tax free” like-kind exchange under Code § 1031.
Taxpayers for many years have used this extremely popular Code provision to reduce or eliminate entirely the tax liabilities on a sale of real estate, by re-investing the net sale proceeds into new qualifying investments. Obviously, the ability to avoid taxes that would otherwise be due on sale (often 30% or more of the proceeds) and reinvest this amount in new property is a BIG incentive to learn how to navigate this important but often complicated area of law.
This webinar will review the basic rules and identify all the necessary steps to implement successfully a like-kind exchange of real estate, including both a “deferred” or “Starker” exchange, where a relinquished property is sold and the proceeds are used, through a qualified intermediary, to aquire replacement property later in time; and also a so-called “reverse exchange,” where the replacement property is actually purchased before the relinquished property is sold. In addition, the webinar will explore the various opportunities beyond real estate where a tax-free exchange is possible, including exchanges of automobiles, airplanes, intellectual property, art works and even wine collections.
Instructor: Jay Darby
Instructor assignments are fluid and subject to change.
NOTE: The voluntary IRS Annual Filing Season Program (AFSP) requires that CE Sponsors collect PTINs from IRS professionals who wish to receive IRS credit. IRS PTIN holders (including Enrolled Agents) should enter their IRS PTIN into Checkpoint Learning so that course completions can be reported to the IRS. You do not need to enter your PTIN for each course you take; you only need to add it once. If you have any questions on how to do this, please contact us 800-431-9025.
THIS WEBINAR IS NOT ELIGIBLE FOR CTEC CREDIT.
YOU MUST USE A COMPUTER TO JOIN THE WEBINAR.
Webinars are scheduled through a WebEx service that is not yet supported on mobile devices (mobile phone, iPad, or other tablet devices).
Windows Operating Systems: Windows Vista 32-bit/64-bit, Windows 7 32-bit/64-bit, Windows 8 32-bit/64-bit, Windows 8.1 32-bit/64-bit, Windows Server 2008 64-bit, Windows Server 2008 R2 64-bit, Windows 10. Mac Operating Systems: OS 10.7, 10.8, 10.9, 10.10, 10.11.
Browsers: Microsoft Internet Explorer 7 or later, Mozilla 1.7 or later, Firefox 3 or later, Safari 5 or later, Chrome 5 or later.