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Real Estate Tax Planning

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

Published: December, 2021

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  • Course Description
  • Course Qualification
  • Presenter
  • Faq

Course Description

Overview

  • Sale of property
    8 mins
  • 1031 Exchange
    16 mins
  • Sale of home with 1031
    39 mins
  • Qualified opportunity zones
    53 mins
  • Other ways to use charity
    72 mins

Course Description

Buying or selling real property always carries extensive tax implications. Because sales or purchases of real estate generally involve significant amounts of money, the impact of tax errors that occur, or opportunities that are missed in the transaction, are exaggerated.

Therefore, it is imperative that real estate transactions be fully and thoroughly analyzed for their tax ramifications in advance of their closing.

Real estate investors who buy and hold properties for rentals, those who purchase properties to fix and flip, and real estate agents all participate in different types of business activities in the eyes of the IRS.

It is important to know when and how to report rental income, how you can deduct rental expenses, and how to divide expenses for personal vacation homes.

Real estate prices are at record highs and many of your clients are selling their real estate.

What are their choices with dealing with the tax bill?

  • Review of the tax consequences of sale which includes the capital gains tax, net investment income tax, and the recapture tax.
  • What is section 1031 exchange?  
  • What are the requirements?  
  • Will a qualified opportunity zone fund make sense?   
  • Should we consider charitable tax planning?

The recent Tax reforms made a tremendous impact on commercial real estate. In this Online CPE/CE Webinar, the presenter goes over the crucial provisions that directly and indirectly affect real estate and impacts taxes significantly.

Learning Objectives

  • To review the tax consequences of the sale of real estate.
  • To review the requirements of a Section 1031 exchange.
  • To compare the pros and cons of a Section 1031 exchange.
  • To compare the pros and costs of taking advantage of qualified opportunity zone funds.
  • To analyze charitable giving techniques in connection with the sale of real estate.

Recommended For

  •  In this IRS Approved CE course for AFSP, CPA (US), EA, CTEC, ChFC®, FSCP®, WMCP, CFP, Tax Professionals, and Other Professionals who want to help their clients in managing efficient Real Estate investments.

Who Should Attend?

  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • Certificate in Investment Performance Management
  • Certified Financial Planner
  • Certified Public Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Entrepreneurial CPA
  • 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 for Tax Professionals (Approval No. GEHNZ-T-00847-21-S)
  • 2 CE Credit for Financial Services Certified Professional (FSCP®)
  • 2 CE Credit for Enrolled Agents (EA) (Approval No. GEHNZ-T-00847-21-S)
  • 2 CE Credit for Chartered Financial Consultant (ChFC®)
  • 2 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 2 CE Credit for California Registered Tax Preparers(CRTP) (Approval No. 6273-CE-0789)
  • 2 CE Credit for Annual Filing Season Program (AFSP)
  • 2 CE Credit for Certified Financial Planner (US) (Approval No. 298697)

Presenter

About Presenter

Lawrence Pon is a Certified Public Accountant, Personal Financial Specialist, Certified Financial Planner, Enrolled Agent, United States Tax Court Practitioner, and Accredited Estate Planner in Redwood Shores, CA 

Mr. Pon has been in tax practice since 1986 and speaks regularly to tax professionals and financial advisors on the latest tax planning and preparation topics.  

Mr. Pon enjoys helping his clients reach their financial goals through comprehensive tax planning and financial planning. 

Mr. Pon received his BS in Business Administration (Accounting & Finance) from UC Berkeley and MS in Taxation from Golden Gate University in San Francisco. 


About Company

Pon & Associates

www.larryponcpa.com/

We believe in the value of relationships. We view every client relationship like a partnership, and truly believe that our success is a result of your success. We are committed to providing close, personal attention to our clients. We take pride in giving you the assurance that the personal assistance you receive comes from years of advanced training, technical experience and financial acumen.

We provide a variety of services including:

  • Income Tax Preparation for all types of businesses, individuals, trusts, and estates.
  • IRS and State Audit Representation
  • Financial Planning
  • Estate Planning and Preparation
  • Business startup services including Business Planning
  • Tax Planning and Consulting
  • Charitable Planning

Our continual investment of time and resources in professional continuing education, state-of-the-art computer technology and extensive business relationships is indicative of our commitment to excellence.

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.
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  • 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.
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  • 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.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.7

38 Ratings

Excellent

25

Very Good

12

Average

0

Poor

1

Terrible

0

LG

Lori Grubb, EA

Dec 31st, 2021

Lawrence Pon was an excellent presenter and kept his teaching interesting and to the point of the subject. I really enjoyed it.

KC

Krystal Ching, CPA (US)

Dec 28th, 2021

Great webinar - presented well and very informative!

LR

Lisa Reavis, CPA (US)

Dec 20th, 2021

I would cut down, especially at the conclusion, so many personal stories/experiences.

KC

Karlencia Calvin, CPA (US)

Jan 1st, 2022

No transcripts or closed captioning