
Taxation of Property Transactions - Tax Staff Essentials
Professionals learn about business property-related timing issues and planning opportunities that can lead to tax savings.
Format
Online
NASBA Field of Study
Taxes
Level
Intermediate
CPE Credits
5.5
Author(s)
AICPA and CIMA staff
Availability
1 year
Product Number
TSETPT25SSO
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:
- Depreciation recapture
- Exchange transactions
- Dispositions of business property
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.
This course can be purchased individually or as part of the Tax Staff Essentials Level 2 bundle.
Who Will Benefit
- Tax staff and senior associates in public accounting
- Entry- and mid-level tax professionals in industry
Key Topics
- Sections 1231, 1245, and 1250
- Depreciation recapture
- Capital gains and losses
- Nonrecognition transactions
Learning Outcomes
- 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.
Group ordering for your team
2 to 5 registrants
Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.
Start order6+ registrants
We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)
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