2014-2015 Real Estate & Investment Federal Tax Update (Currently Unavailable)

Author: Vern H.

In this course, Vern discusses the current Tax Codes, cases and rules affecting real estate taxation.

Publication Date: November 2014

Designed For
All tax practitioners, both public and industry, who need the latest - and necessary - tax changes for their clients.

Topics Covered

• Noticing how Real Estate Professionals are under intense audit pressure.
• Talking about how one clever taxpayer purchased a home for a son and still qualified it for a like-kind exchange, and how another clever taxpayer converted a personal residence into like-kind exchange business property to defer the gain.
• Examining the passive loss grouping rules and some nasty passive loss cases.
• Reviewing bankruptcy and the first time home buyer credit.
• Asking if a trust can materially participate.
• Reviewing whether a foreclosure is a complete disposition.
• And warning you about the IRS' continued siege on passive activity.

Learning Objectives

• Recognize key tax changes affecting real estate & investment taxation.
• Identify numerous tax issues and provisions impacting your clients' or employer's tax returns.
• Apply various tax rates and computations to scenarios just like those you see in your office, to better prepare you for the upcoming tax season.

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Taxes (5 hours)

Program Prerequisites
A basic understanding of tax preparation.

Advance Preparation
None