NEBRASKA SOCIETY OF
Certified Public Accountants
SERVING NEBRASKA AND ITS CPAS SINCE 1928
Taking Advantage of Installment Sales and Like-Kind Exchanges
<— Previous Page
Online Registration Form

Date: September 26, 2019
Location: Mahoney State Park, Ashland
Course Time: 8:30 AM to 12:00 PM
Morning Course
Registration Begins: 8:00 AM
Summary
When real property is sold for a gain, we always try to find ways to defer recognizing income so it won't be necessary to send a check to Uncle Sam. There are two provisions within the Internal Revenue Code that allow the taxpayer to defer recognition of immediate taxable gain in the year of sale: installment sales and like-kind exchanges. Knowing how and when to utilize these provisions makes the CPA very valuable to either their client or the entity they work for.
Objectives
* Learn when and how to utilize the provisions of IRC Section 457 in order to defer recognizing gain on the sale of real property via installment sales * Learn when and how to utilize the provisions of IRC Section 1031 in order to defer recognizing gain on the sale of real property via a like-kind exchange
Highlights
* How does the IRC define an installment sale under Section 457 * When can a taxpayer utilize the provisions of IRC Section 457 * When should a taxpayer utilize the provisions of an installment sale and when should it be avoided * How does the issue of a "dealer" vs. a "non-dealer" impact the use of the installment sale method * How to report an installment sale when related parties are involved * How to calculate an installment sale * How has the Tax Cuts and Jobs Act impacted the use of the Installment Sale Method * What is a like-kind exchange as defined by IRC Section 1031 * When can a taxpayer utilize the provisions of IRC Section 1031 * What types of real property are eligible for like-kind exchange treatment and what types are not * What is "boot" and how does it impact the like-kind exchange deferral * How to calculate a like-kind exchange including any taxable portion * How has the Tax Cuts and Jobs Act impacted the use of like-kind exchanges
Who Should Attend
CPAs who either represent or work for entities that own real property

Course Level Intermediate
Prerequisites A basic understanding of the provisions for recognizing gain or loss on the sale of real property
Course IDISL4
Discussion LeaderJohn Sherrick, Surgent
CPE Credit4
Additional Information: Parking provided on-site. If registered for both courses for the day, lunch is provided.
Fee: $150 - Society Member
$200 - Society Nonmember
<— Previous Page
635 S. 14TH ST. SUITE 330
LINCOLN, NE 68508
(402) 476-8482
(800) 642-6178
(402) 476-8731