Residential Real Estate - Income and Expenses 2 Credits
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Dec 03, 2024 | 01:00 PM
ET
Real estate investors often navigate a maze of income and expense reporting rules that can significantly impact their tax liabilities. With various sources of income, from advance payments to bartering and a wide array of deductible expenses, understanding the nuances of residential real estate taxation is essential.
This CE Course will delve into the critical aspects of income and expense reporting for residential rental properties, providing a comprehensive overview of the rules and regulations that govern this area. This course will examine our quirkier income and expense deductions with our residential rentals. It will focus on IRC 199A and its impact on residential rentals. While it will not focus on the calculations and the specifics of 199A generally, we will look at provisions that impact the rental real estate industry, such as aggregation, rental safe harbors, and determining trade or business status.
Major Topics:
Join this CE Course; participants will have a clearer understanding of how to effectively manage their residential real estate income and expenses, which will ultimately lead to better financial outcomes.
Looking to fulfill your Enrolled Agent (EA) Continuing Education (CE) requirements? MY-CPE online Enrolled Agent CE courses are the best for you. Earn EA CE Credits while enhancing your domain knowledge and expertise in diverse tax regulations and practices. Our courses are designed to provide you with the latest updates and deep insights to keep you ahead in your field. With flexible scheduling and a user-friendly platform, MY-CPE offers you a greater convenient and interactive learning experience. Join MY-CPE today and take the next step in advancing your career as an Enrolled Agent.
Valid upto : Dec 31, 2024
Valid upto : Dec 31, 2024
Credits
Course Level
Instructional Method
Pre-requisites
Advance Preparation
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
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MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) 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.
Nicholas has worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nicholas has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. Nicholas has been recognized as the Top 5 Under 35 CPAs in Virginia, and is a member of the AICPA’s Tax Executive Committee. Nicholas is an adjunct professor at the University of Mary Washington. He is a graduate of Carthage College, University of Connecticut (M.S. in Accounting), Case Western Reserve University School of Law (J.D.), and Georgetown University (LLM in Taxation).
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To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.
After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
MB
I look for courses from Nick Preusch - if you take notes during the class he provides inciteful examples and second-order detail. Great review of the basics of income and expenses and more discrete scenarios like partnership ownership, depreciation and capitalization vs expense, and aggregation. Everyone needs the reminder on UBIA.
GM
This was one of the best courses covering rental real estate and QBI-related matters I have seen. The only issue I wish the presenter would have covered would have been how to treat a rental QJV.
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We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.
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