April 24, 2023

Webinar

2 CPE

Webinar (CPA Crossings): Like-kind Exchanges in Real Estate Transactions

April 24, 2023
Webinar
2 CPE

Webinar (CPA Crossings): Like-kind Exchanges in Real Estate Transactions

  • View Bio

    Instructor

    Allison
    McLeod

    View Bio

    Allison McLeod

    Bio

    Professor McLeod, LL.M., JD, CPA, is currently a full-time Senior Lecturer at the University of North Texas, where she has taught classes in Corporate Income Taxes, Multi-jurisdictional Taxes, Individual Taxes, Tax Research, Ethics and Financial Accounting. She has taught as an adjunct professor at the University of North Texas College of Law.

    Prior to Professor McLeod going into academia, she worked for 18 years in industry and in a Big Four accounting firm. Professor McLeod earned a law degree from Baylor School of Law, and an LL.M. degree in Taxation from Southern Methodist School of Law. She has been a licensed CPA since 1993 and has been licensed to practice law since 1992. Professor McLeod has enjoyed teaching live ethics course to CPAs since 2011 and is the owner of  www.cpaethicsonline.com, which offers on-line self-study courses to CPAs. She currently serves on the Professional Ethics Committee of the Texas Society of CPAs.which offers on-line self-study courses to CPAs. She served on the Professional Ethics Committee of the Texas Society of CPAs and the AICPA CPA Exam Committee (REG).

Please join us for a discussion on like-kind exchanges (LKE), known as one of the last great tax legal “shelters” available to those buying and selling real property. We cover the basic structure of a LKE, and ways a taxpayer can utilize qualified third-party intermediaries (QI), and tenancy-in-common structures including Delaware Statutory Trusts (DST). We also explore creative solutions to sticky situations a taxpayer may find itself in obtaining replacement property. This course is ideal for CPAs, EAs, lawyers, real estate professionals, accountants or other tax professionals.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives

After attending the presentation you will be able to…

  • Determine whether a LKE can be used to defer taxes upon the sale of real property.
  • Know when it is appropriate to use a QI in effecting a LKE.
  • Define a DST and how it can be used in obtaining replacement property on a timely basis.
  • Become knowledgeable about ways to appropriately use the LKE structure in unusual situations.

Major Topics

The major topics that will be covered in this class include:

  • Like-kind exchanges have been hailed as one of the few “legal tax shelters” still available for real property investments, but it is really a result of favored tax policy.
  • These relatively straight-forward concepts can help a company significantly improve cash flow by deferring its tax liability.
  • These concepts will be illustrated by real-life examples that present a novel approach to like-kind exchanges as a useful and practical tax-planning idea.

CPE Credits Available

2 CPE
2
Taxes

Things to Know About This Course

Course Level

  • Basic

Prerequisites

None

Advanced Preparation

This webinar is produced by CPA Crossings. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Intended Audience

CPAs, EAs, Lawyers, Real Estate Professionals, Accountants or other tax professionals

Provider

CPA Crossings, LLC

This event has ended.