Don Farmer's Tax Strategies for Real Estate: Mastering Like-Kind Exchange & Tax Rules - VIRTUAL
4.00 Credits
Member Price $149
Non-Member Price $189
Overview
Working with real estate investors and developers? Stay ahead of the curve with part two of two half-day seminars packed with practical insights and real-world strategies. Led by experienced CPA and instructor Greg White, this session dives deep into the latest tax rules and planning opportunities in the world of real estate. We’ll cover essential topics like like-kind exchanges, self-employment tax issues for real estate pros, and the passive activity rules - with a special focus on real estate professional status and how to use the aggregation election to your clients’ advantage. If you’re looking to sharpen your skills and confidently navigate the complexities of real estate taxation, this is the seminar for you.
Highlights
- Rental real estate that qualifies for the section 199A QBID.
- Rules for the rental real estate exemption from self-employment tax, including Airbnb.
- Vacation rentals.
- The "Augusta rule" that (under the right circumstances) allows S Corp shareholders to rent part of their personal residences to their S corps (without paying taxes).
- Passive activity rules that apply to rental real estate, and real estate professionals.
- How to reduce taxes on the sale of real estate.
- The "big 3 rules" for like-kind exchanges.
Prerequisites
An understanding of federal income taxation of real estate transactions.
Designed For
CPAs and tax professionals involved in the world of tax.
Objectives
- Identify rental real estate that qualifies for the section 199A QBID.
- Identify which real estate is subject to self-employment tax, including Airbnb.
- Identify and apply the rules for vacation rentals.
- Identify when the "Augusta rule" allows S Corp shareholders to rent part of their personal residences to their S corps (without paying taxes).
- Learn the special passive activity rules that apply to rental real estate, and identify real estate professionals.
- Identify strategies for reducing taxes on the sale of real estate.
- Learn the "big three" rules for like-kind exchanges.
Preparation
None
Leader(s):
- George Koutelieris, ACPEN Business Professionals Network
- Greg White, ACPEN Business Professionals Network
Leader Bios
George Koutelieris, ACPEN Business Professionals Network
George Koutelieris is a shareholder with the firm Johnson & Shute P.S. He subsequently received his Masters in Taxation from Golden Gate University graduating with Highest Honors in 2010 and being awarded the Outstanding Graduate Tax Student Award for the Seattle campus of Golden Gate. He is currently an Adjunct Professor at Golden Gate University teaching various tax courses. George’s practice includes planning and consulting on complex transactions including formations, liquidations, mergers and acquisitions, purchase and sales, multi-state and international tax for closely held businesses and their owners. In addition, George provides compliance and representation services before the IRS and various State taxing agencies for clients. George is also an active speaker on various tax topics, having presented in the past for Golden Gate University, the Washington Society of Certified Public Accountants and the Oregon Society of Certified Public Accountants.
Non-Member Price $189
Member Price $149