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Taxation of Property Transactions - Tax Staff Essentials

Thursday, April 24
 12:00pm - 4:00pm

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4.00 Credits

Member Price $213.00

Non-Member Price $261.00

Overview

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.

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.

Highlights

  • Sections 1231, 1245, 1250
  • Depreciation recapture
  • Capital gains and losses
  • Non-recognition transactions

    Designed For

  • Tax staff and senior associates in public accounting
  • Tax professionals in industry

    Prerequisites

    Basic knowledge of property transactions and taxation

    Notice

    You will receive an email from the AICPA with instructions to access the webinar.

  • Leader(s):

    Leader Bios

    Shelley Rhoades-Catanach, AICPA

    Shelley Rhoades-Catanach, CPA, PhD Villanova University/Thornton, Pennsylvania Dr. Rhoades-Catanach joined the accounting faculty of Villanova University in 1998, and teaches a variety of tax courses in the undergraduate, Master of Taxation, MBA and Master of Accounting and Professional Consultancy Programs. Prior to joining Villanova, she taught at Washington University in St. Louis and the Darden Graduate School at the University of Virginia. Before entering academia, Dr. Rhoades-Catanach spent seven years at Arthur Andersen as a tax professional. Dr. Rhoades-Catanach’s research focuses on the impact of taxes on strategic decision making in such areas as tax reporting and auditing, changes in tax policy, taxpayer rights legislation, and the impact of state taxation on firm location and investment decisions. She is the co-author of the textbook Principles of Taxation: Advanced Strategies, and has published numerous articles in journals such as The Accounting Review, Research in Accounting Studies, Journal of the American Taxation Association, and Issues in Accounting Education. She currently serves as a member of the editorial board of Journal of the American Taxation Association and as Vice President-elect of the American Taxation Association. CF 1/24/05

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    Non-Member Price $261.00

    Member Price $213.00