ACPEN Signature 2025: Critical Real Estate Taxation Issues

Instructor

James
Smith
Instructor

C. Clinton
Davis

Most tax practitioners have multiple clients involved in some aspect of real estate whether as developers, builders, brokers or investors. This course will explore critical tax issues directly targeted at real estate activities and real estate entities. This ACPEN course will include a panel of national tax practitioners and experts reviewing these complex rules as well as the latest judicial, legislative and regulatory developments affecting real estate including pending tax legislation.

*Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com

Learning Objectives

Focus on providing practical ideas and advice to practitioners so that they can properly advise their real estate client and spot planning opportunities
Review major areas of real estate taxation and IRS guidance
Understand the latest legislation and any IRS initiatives affecting real estate taxation.

Major Topics

The importance of correctly classifying property as capital gains property, inventory real estate, development real estate and real estate used in trade or business and applicable cost recovery recapture rules
Preserving capital gains treatment for pre-development appreciation with a related party lot developer
Cost Segregation Studies for Real Estate and their Tax Consequences
Qualified Nonrecourse Debt under the At-Risk Rules
Distinguishing repairs from improvements and the tax consequences of the difference
Tax consequences of renting real estate
Common issues in Ground Leases, Percentage Leases and Net Leases
Classification as a Real Estate Professional under the PAL Rules and Interaction with the Rental Real Estate Rules and the Aggregation Election for rental real estate
Review of current actions by Congress and the IRS affecting real estate.

CPE Credits Available

8 CPE

8: Taxes

Things to Know About This Course

Course Level

Update

Professional Area of Focus

Taxes

Advanced Preparation

None

Intended Audience

Industry and Public Accountants

Provider

ACPEN