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Taxation of Property Transactions - Tax Staff Essentials

ID: 60402
Wednesday June 26, 2024 1:00PM - 5:00PM
Topics: Tax
NON-MEMBERS$261.00
MEMBERS$213.00
YOUR PRICE$261.00

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.

Learning Objectives:

· Calculate gain or loss realized and recognized on business property dispositions.

· Identify the tax treatment of net Section 1231 gains and net Section 1231 losses.

· Determine the application of the Medicare contribution tax to property dispositions.

· Recall rules for depreciation subject to recapture when property was acquired in a nontaxable exchange transaction or by gift or bequest.

· Recall the requirements for deferring realized gain on an involuntary conversion.

Who will benefit:

· Tax staff and senior associates in public accounting

· Tax professionals in industry

THIS IS AN AICPA HOSTED WEBCAST. YOU WILL LAUNCH THE COURSE FROM YOUR OSCPA LEARNING PORTAL. AICPA WILL ISSUE AND MAINTAIN YOUR CREDITS. PLEASE MAKE SURE TO DOWNLOAD YOUR CPE CERTIFICATE FROM AICPA WEBCAST PORTAL AT THE CONCLUSION OF THE WEBCAST.