Real Estate Taxation: Critical Considerations
Overview
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This course is a 'deep dive' into many aspects involving the taxation of real estate for the mid-level practitioner moving into this complex area. You will deepen your understanding of the complex considerations and strategies that individuals must navigate in acquiring, operating, and selling real estate. You will leave the course able to navigate critical issues associated with the relevant returns and plan strategically for your company or clients. We will discuss in detail the impact that recent tax changes have had on the real estate industry, as well as new credits that are available after the Inflation Reduction Act of 2022.
Speaker - Nicola, Jr. JD, CPA, CVA, Joseph P.
Highlights
• Topics of discussion will include:
• The impact of recent tax legislation on the real estate industry
• Depreciation and recapture
• Determining the basis when acquiring real estate
• Passive activity losses
• Calculation of gain or loss on sale of real estate
• Rental operations Installment sales
Prerequisites
Some experience preparing tax returns involving real estate holdings and transactions
Designed For
Accounting and Finance Professionals who advise clients or their company on issues related to the acquisition, operating, and selling of real estate
Objectives
• Understand the most commonly used forms of ownership for real estate holdings and the scenario-based advantages and disadvantages of each
• Know and be able to apply the key considerations in determinations surrounding depreciation and recapture, like-kind exchanges, and the determination of passive activity losses
• Recognize how recent tax legislation impacts commercial real estate
• Recognize how recent tax legislation impacts homeowners
• Identify components for determining a property’s tax basis
Preparation
None
Leader(s):
Leader Bios
Joseph Nicola Jr., Surgent McCoy
Joseph P. Nicola, Jr. JD, CPA, CVA
Joe Nicola is a Tax Partner with more than thirty-five years of experience in public accounting. Joe has experience in many diverse areas of taxation, including the taxation of and planning for individuals, family offices, and various forms of business entities, such as corporations, partnerships, and limited liability companies. Joe is particularly experienced in federal and multi-state tax matters that affect numerous industries and niches, including private equity, investments, natural resources, manufacturing, distribution, high technology, securities, and start-up businesses. He has consulted on technically complex matters, such as retirement planning, succession planning in the context of a family office, securities, partnership and corporate reorganizations and liquidations, and international tax matters. While in public practice, Joe also served for many years as an adjunct member of the faculty with Duquesne University's MBA and Master of Science in Taxation/Accountancy programs, as well as with Robert Morris University's Master of Taxation program. His course load included Corporate Taxation, Advanced Corporate Taxation, Reorganizations (Mergers and Acquisitions), Taxes as a Basis of Managerial Decisions, and Taxation of Derivatives. He is also a published author of CPE/CLE texts and industry articles, and a frequent professional speaker. Mr. Nicola received his BS degree in Business Administration from Robert Morris University and his JD degree from the University of Pittsburgh School of Law.
Non-Member Price $234.00
Member Price $169.00