Join Allison McLeod, CPA, LL.M for a discussion on like-kind exchanges (LKE), known as one of the last great tax legal “shelters” available to those buying and selling real property. This comprehensive course dives deep into the complexities of Like-Kind Exchanges under IRC Section 1031, equipping tax professionals, accountants, and financial advisors with actionable strategies to maximize tax deferral opportunities. Participants will explore advanced planning techniques, compliance requirements, and the latest IRS updates impacting real estate transactions and Delaware Statutory Trusts (DSTs). Gain practical insights to help clients preserve wealth, optimize portfolios, and navigate regulatory challenges with confidence.
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2029 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Publication Date: August 2026
Designed For
This course is designed for tax professionals, CPAs, accountants, financial advisors, real estate consultants, and legal practitioners who want to stay ahead of evolving tax regulations and deliver exceptional value to clients engaged in property transactions. Whether you are advising on high-net-worth portfolios or managing compliance for complex deals, this session provides the tools and insights you need to excel.
Topics Covered
- Basic structure of a LKE
- Ways a taxpayer can utilize qualified third-party intermediaries (QI)
- Tenancy-in-common structures including Delaware Statutory Trusts (DST)
- Creative solutions to sticky situations a taxpayer may find itself in obtaining replacement property
Learning Objectives
- Recognize how to differentiate whether a LKE can be used to defer taxes upon the sale of real property
- Recognize when it is appropriate to use a QI in effecting a LKE
- Describe a DST and how it can be used in obtaining replacement property on a timely basis
- Identify ways to appropriately use the LKE structure in unusual situations
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Allison McLeod
Allison M. (Yee) McLeod, LL.M., JD, CPA, is currently a Senior Lecturer at the University of North Texas in Denton, Texas. She received Bachelor of Business Administration and Juris Doctor degrees from Baylor University, and a Master of Legal Letters (LL.M.) degree specializing in Taxation from the Southern Methodist University School of Law. Professor McLeod has also studied British and Art History at the University of Sussex, England.
Prior to joining the UNT faculty in 2010, Professor McLeod held the position of Director of Tax Planning and IRS Audits for Lehigh Hanson North America, a major manufacturer of cement, aggregates and other building materials. Her practice included both federal and international tax planning. Professor McLeod also spent thirteen years specializing in Tax Planning with the JCPenney Corporation, Inc., and two years with Deloitte & Touche in Dallas.
Professor McLeod has taught at the university level graduate classes on Ethics, Tax Research, Multi-jurisdictional Taxation, Individual Taxation and Corporate Income Tax in the past and currently teaches Financial Accounting and Ethics. She has also taught at the UNT College of Law as adjunct faculty. Since 2011, Professor McLeod has been honored to present live and on-line ethics CPE classes to CPAs across the nation. She also serves as an expert witness in accounting malpractice cases and maintains a small private practice serving individuals and small businesses. Professor McLeod has also taught at the University of North Texas College of Law as adjunct faculty. She has served on the Professional Ethics Committee of the Texas Society of CPAs and the AICPA CPA Exam REG Subcommittee.
Professor McLeod is licensed to practice law by the State Bar of Texas since 1992 and has been a Certified Public Accountant since 1993.