This webinar will focus on the sale or
exchange of both business and personal assets. Capital assets and Sec.
1231 assets will be defined and the netting of these items on the tax
return discussed. Various depreciation recapture provisions will be
explained and illustrated with examples. Planning techniques for asset
sales will also be discussed, and the various netting rules will be
illustrated with a comprehensive case study and solution.
Learning Objectives:
Upon completion of this course, you will be able to:
- Define capital assets and explain the gain and loss netting process for individuals & corporations.
- Define Sec. 1231 and explain the netting of Sec. 1231 assets.
- Discuss depreciation recapture provisions of Code Secs. 1245, 1250, 291, and 25% gain.
- Identify tax planning techniques related to sales of investment and personal properties.
- Review tax planning techniques related to sales of business properties.
- Present a Comprehensive Case Study and solution on sales of properties.
IRS CE: 2 Hours/Federal Tax Law
NASBA CE: 2 Hours/Taxes
Presented by John O. Everett, CPA, Ph.D., and Cherie J. Hennig, CPA, Ph.D.
NSA ConnectED Webinar Series
Program Level: Basic
Prerequisites: None
Advance Preparation: None
Delivery Method: Group-Internet Based
No
refunds or exchanges for cancellations. For more information regarding
refund, complaint and/or program cancellation policies, please contact
NSA toll-free at 800-966-6679.
NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.
The
National Society of Accountants is registered with the National
Association of State Boards of Accountancy (NASBA) as a sponsor of
continuing professional education on the National Registry of CPE
Sponsors. State boards of accountancy have final authority on the
acceptance of individual courses for CPE credit. Complaints regarding
registered sponsors may be submitted to the National Registry of CPE
Sponsors through its website: www.learningmarket.org.
NSA
has been approved by the California Tax Education Council to offer the
above courses to go towards the annual "continuing education"
requirement imposed by the state of California. A listing of additional
requirements to register as a tax preparer may be obtained by contacting
CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone at (877)
850-2832, or on the Internet at www.ctec.com.
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