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Real Estate: Repair, Capitalization, and Dispositions

  • AFSP
  • CPA (US)
  • EA
  • Tax Preparer
  • ChFC®
  • FSCP®
  • WMCP

Published: July, 2021

Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • Faq

Course Description

Overview

  • No Stature of Limitations for Accounting Method Changes
    4 mins
  • Taxpayer Allocation of Purchase Price
    11 mins
  • Placed in Service - Buildings
    17 mins
  • Super Quick, Shortcut Sheet
    26 mins
  • If not a Repair, Planning begins
    34 mins
  • Mechanics of the election
    40 mins
  • Partial Dispositions - Remodels
    48 mins
  • Example - Replace 50% of sinks in office building
    62 mins
  • IRS Audit Technique Guide
    73 mins
  • Deemed Active Participation
    81 mins
  • Debt-Financed Distributions: Partnership Refinances
    90 mins
  • Examples: Debt Financed Distributions
    94 mins

Course Description

The recent Tax reforms made a tremendous impact on commercial real estate. In this Online CPE  Webinar, the presenter goes over the crucial provisions that directly and indirectly affect real estate and impacts the taxes significantly. The online Tax webinar covers an in-depth discussion on the current rules and practical applications and considerations related to the following key topics such as repairs, capital improvements, and interest deductions etc. The speaker takes the position of the tax and covers practical examples to explain the scenarios that successfully provide the overview of when to apply the discussed strategies successfully. 

This CPE webinar will cover the following Major Topics:

  • Crucial strategies for recovering the cost of real estate 
  • Partial dispositions
  • Removal costs
  • Interest deductions
  • Differentiate between repairs and capital improvements. 


Click to access more webinars on Latest Tax Updates | IRS Audit & Representation | Sales & Use Tax 

Learning Objectives

  • To identify different options for taking partial disposition losses.
  • To recall how to compute removal costs for remodeling projects.
  • To identify cutting-edge tax strategies for real estate professionals.
  • To explore strategies for converting nondeductible partner-level interest expense to partnership deductible interest expense.
  • To differentiate between repairs and capital improvements

Recommended For

This IRS Approved Online Continuing Professional Education Webinar is recommended for CPAs, CVAs, EAs, and Other Tax Professionals who wants to help their clients in managing efficient Real Estate investments

    Who Should Attend?

    • California Registered Tax Professional
    • CPA (Industry)
    • CPA - Mid Size Firm
    • CPA - Small Firm
    • Enrolled Agent
    • Maryland Tax Preparers
    • Oregon Tax Preparers
    • Tax Accountant (Industry)
    • Tax Attorney
    • Tax Director (Industry)
    • Tax Firm
    • Tax Managers
    • Tax Practitioners
    • Tax Preparer
    • Tax Professionals
    • Tax Pros
    • Young CPA

    Course Qualification

    Webinar Qualifies For

    • 2 CE Credit for Wealth Management Certified Professional (WMCP)
    • 2 CE Credit of Taxes for Tax Professionals (Approval No. GEHNZ-T-00831-21-S)
    • 2 CE Credit for Financial Services Certified Professional (FSCP®)
    • 2 CE Credit of Taxes for Enrolled Agents (EA) (Approval No. GEHNZ-T-00831-21-S)
    • 2 CE Credit for Chartered Financial Consultant (ChFC®)
    • 2 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
    • 2 CE Credit of Federal Tax Related Matters for California Registered Tax Preparers(CRTP) (Approval No. 6273-CE-0774)
    • 2 CE Credit of Taxes for Annual Filing Season Program (AFSP)

    Presenter

    About Presenter

    Jason DInesen

    Speaker Dinesen Tax & Accounting, P.C.

    Jason Dinesen (LPA, EA) is an entrepreneur, tax expert, and CPE Presenter. Dinesen brings over 15 years of experience helping individuals and businesses with accounting, bookkeeping, tax preparation, and business advisory in various industries. 

    Dinesen is a regular CPE Presenter at myCPE. He has coached more than 200k+ accounting, taxes, and HR professionals on various topics of accounting, individual taxation, corporate taxation, and professional ethics.  Jason has developed a strong following within the professional community for tax-related subjects. 

    Dinesen is known for sharp tax interpretations, and he quickly brings his analysis of the latest tax updates and IRS guidance to the professional community.

    About Company

    Dinesen Tax & Accounting, P.C.

    www.dinesentax.com

    Unlike some other accounting firms, when Dinesen Tax & Accounting, P.C. says we offer personal service, we mean it. When you come to us with your tax preparation needs, you’ll deal directly with our owner and president, Jason Dinesen. We don’t put administrative staff in the middle of you and our tax expert. That means you’ll always have first-hand knowledge of where things stand, and important information won’t slip through the cracks. We welcome all clients, but especially individuals who want the benefits of a long-term relationship with an accounting firm capable of handling anything that might come along with their taxes. We give all our clients the time, attention, and convenience they should expect. If you have a challenging professional or personal schedule, Jason will accommodate you by meeting whenever – and wherever – works best for you.

    Faq

    FAQs content

    • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
    • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
    • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
    • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
    • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
    • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
    • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
    • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
    • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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