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Property transactions—from acquisition and creation to use and disposition—require a clear understanding of multiple tax frameworks to ensure accurate compliance and strategic planning. This course delivers a practical, structured approach to navigating the tax rules that apply to property transactions, including digital assets, transaction costs, debt considerations, and character of property. Participants will learn how to apply judicial doctrines, spot issues across various stages of a transaction, and use structured frameworks to avoid missing key tax rules. This session equips tax and accounting professionals with actionable tools to evaluate transactions effectively and remain compliant in an evolving regulatory landscape.
Who Should Attend
This course is ideal for professionals seeking a structured, reliable approach to evaluating property transactions and ensuring tax compliance.
Topics Covered
- Rules to consider in acquiring or creating property
- Rules relevant to property use, including depreciation and basis adjustments
- Rules applicable to property dispositions and character determinations
- Frameworks to ensure no relevant rule is overlooked—including digital asset ownership and reporting
- Key judicial doctrines and IRS guidance impacting property tax treatment
- Effects of debt, transaction costs, and related tax implications
- Reporting considerations for digital assets and complex property structures
Learning Objectives
- Apply tax frameworks that govern the acquisition, creation, use, and disposition of property
- Evaluate and report digital asset transactions using an appropriate compliance framework
- Analyze the impact of transaction costs and debt on property-related tax outcomes
- Identify relevant Internal Revenue Code provisions, regulations, and judicial authorities applicable to property transactions
- Apply key judicial doctrines—such as the step transaction doctrine—to real-world property tax scenarios
Level
Overview
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Annette Nellen
Annette Nellen, CPA, CGMA, Esq., is a professor at San Jose State University. Her courses include tax research, taxation of property transactions, taxation for accounting majors, and financial accounting.
Annette chairs the AICPA Digital Asset Tax Task Force and is a member of the AICPA SALT Committee. She formerly served on the AICPA Tax Executive Committee, including 2 ½ years as chair. In 2023 she was appointed to the IRS Advisory Council (IRSAC) and served as the IRSAC chair for 2024 and was reappointed for a 4th year. Annette is the recipient of the 2013 Arthur J. Dixon Memorial Award given by the Tax Division of the AICPA, the highest award given by the accounting profession in the area of taxation. In June 2023, she was awarded the Sid Kess Award for Excellence in Continuing Education. She is the recipient of the 2026 CalCPA Distinguished Service Award. Annette was named one of the Top 100 Most Influential People in Accounting for 2024 and 2025 by Accounting Today.
Annette is a regular contributor to Tax Notes State, and is the author of Bloomberg Tax Portfolio #533, Amortization of Intangibles. She is co-author and co-editor of four tax textbooks from Cengage. Annette has testified before the House Ways & Means Committee, Senate Finance Committee, California Assembly Revenue & Taxation Committee, and tax reform commissions and committees on various aspects of federal and state tax reform. She maintains the 21st Century Taxation website and blog (www.21stcenturytaxation.com). Prior to joining SJSU in 1990, Annette was with EY and the IRS.