Taxation of Property Transactions - Tax Staff Essentials
4.00 Credits
Member Price $139
Non-Member Price $169
Overview
A practical guide to business property transactions
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.
Topics include:
Updated for the effects of H.R. 1, commonly referred to as OBBBA, this learning provides a current view of these essential topics.
Tips for achieving an optimal tax result on property transactions
Professionals are exposed to important business property-related timing issues and planning opportunities that can lower a client's tax liability.
Strategies laid out in the course empower practitioners to consider the timing of recognizing gain and loss to achieve tax savings.
Part of Tax Staff Essentials Level 2
This self-study online course is part of Tax Staff Essentials Level 2, a comprehensive learning program that provides experienced tax staff with the technical training required to gain independence.
Highlights
Prerequisites
Basic knowledge of property transactions and taxation
Designed For
Objectives
- Calculate gain or loss realized and recognized on business property dispositions.
- Apply the capital losses limitations and preferential tax rates on capital gains.
- Determine the impact of depreciation recapture on a taxpayer's taxable income and tax liability.
- Determine the tax basis of property received in a like-kind exchange.
- Determine allowable cost recovery deductions for replacement property acquired in a like-kind exchange or involuntary conversion.
Leader(s):
Leader Bios
Shelley Rhoades-Catanach, AICPA
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 Programs. Prior to joining Villanova, she taught at Washington University in St. Louis and the Darden Graduate School at the University of Virginia. She has also served as a visiting faculty member in the MBA program at INSEAD in Fontainebleau, France. 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 two textbooks, Principles of Taxation for Business and Investment Planning and Advanced Strategies in Taxation 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.
Non-Member Price $169
Member Price $139