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Real Estate Income Tax Issues

Date: Thursday, August 30, 2018
Time: 1:00 - 2:30 pm EST

Sponsored by Lorman Education Services


Registration - Live Webinar Only: $219.00

Registration - Live Webinar Plus CD Recording: $288.00

 

Gain a better understanding of the tax advantages, consequences, and current issues associated with the real estate industry.

The entire landscape was changed by the Tax Cut and Jobs Act of 2017 (TCJA). TCJA effects real estate in numerous ways including: what qualifies for section 179, changes in like kind exchanges, depreciation and other areas.

Additionally, pass-through entities, including those holding real estate will qualify for some income exemption. The Bipartisan Budget Act of 2015 made sweep changes to the effects of an IRS audit. It is important to recognize the effect of these changes and what changes should be considered to entity agreements.

Learning Objectives:

  • You will be able to describe if the real estate entity qualifies for the qualified business income deduction and how to calculate it.
  • You will be able to identify planning opportunities what for real estate developers and investors.
  • You will be able to recognize if being a real estate professional is advantageous.
  • You will be able to explain how an operating business/or its stakeholders should own related real estate (choice of entity).

This Live Webinar Covers These Hot Issues:

Like Kind Exchanges

  • New TCJA Limitations
  • What Can Be Exchanged

Capitalization

  • TCJA Changes
  • 179
  • Repairs

Depreciation

  • Buildings
  • Land Improvements
  • Personal Property

Qualified Business Income Deduction (ยง199A)

  • Applicable Percentage Exclusion
  • Calculation

Real Estate Professional

  • Requirements
  • Advantages

Bipartisan Budget Act

  • Taxpayer Representative
  • Effect of an IRS Audit
  • Partnership Agreement

Choice of Entity

  • Sale or Real Estate Capital Gain or Ordinary Income

Credit Information (Sponsored by Lorman Education Services):

  • CLE
  • CPE
  • AIPB
  • NASBA

For Detailed Credit Information page click here

Only registered attendee will receive continuing education credit.

Instructor Profile:

Michael Koppel, Gray, Gray & Gray LLP

  • Retired from active practice, was the senior tax partner of Gray, Gray & Gray LLP, a regional CPA firm head quartered in Canton, Massachusetts
  • Has done more than 45 tax based seminars and webinars
  • Has published more than 20 tax based articles and has been the editor of the Tax Clinic portion of the Tax Advisor, the official tax magazine of the AICPA of approximately 15 years
  • Member of the AICPA and Massachusetts Society of CPAs
  • Can be contacted at 617-775-2129 or mike@thekoppels.com

(Not available outside the US)