Like-Kind Exchanges: Qualifications and Deferred Exchange Mechanics (Completed)

Master Sec. 1031 Like-Kind Exchange Rules and Mechanics

A 1031 like-kind exchange provides the opportunity to defer gain realized from the sale of property. As is true with other relief measures, the tax law creates specific eligibility provisions that must be satisfied to qualify for this deferral. Most like-kind exchanges are deferred exchanges, and the statute and regulations have created complex rules to limit the application of the 9th Circuit's Starker decision. This program will offer a practical analysis of the mechanics of deferred exchanges.

In this insightful two-hour CPE webinar, nationally recognized tax practitioner, instructor and commentator, James Hamill, CPA, Ph.D., will walk you through the complexities and potential pitfalls of like-kind exchanges. There are many layers of questions practitioners must ask when helping clients achieve a successful exchange that results in the desired outcomes from a tax perspective. Dr. Hamill will make sure you can advise clients with confidence when a like-kind exchange is being considered.

All professionals involved with tax compliance and planning matters will benefit from this insightful seminar. The course presentation time will include opportunities for you to ask questions directly to Dr. Hamill.

Who Should Attend
CPAs, EAs, tax preparers and other tax professionals who advise clients on tax planning and compliance issues.

Topics Covered

• Statutory requirements of like-kind exchanges
• Required purpose for holding exchanged properties
• Time periods for deferred exchanges
• Mechanics of identification of replacement property
• Uses of qualified intermediaries
• Uses of qualified escrows
• Reporting requirements for exchanges

Learning Objectives

• Identify qualified property for a like-kind exchange
• Determine the structure of a deferred exchange
• Identify the requirements of a qualified intermediary
• Analyze permitted uses of qualified escrow funds

Level
Intermediate

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of federal income taxation concepts.

Advance Preparation
None