Federal Tax Compliance for LLCs and Partnerships in Commercial Real Estate

Tackling Tax Challenges in Acquisitions, Financing, Development, Leasing and Dispositions

Recording of a 110-minute CPE webinar with Q&A

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Conducted on Tuesday, August 13, 2013

Recorded event now available

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Course Materials

This teleconference will give tax preparers and tax advisors a detailed review of the IRS rules and compliance issues relating to commercial real estate activities conducted through LLCs and partnerships, focusing particularly on acquisitions, financing, development, leasing, dispositions and other critical matters.

Description

Tax preparers and advisors often encounter a wide range of issues related to real estate held by pass-through entities. The bottom line of commercial real estate developers, contractors, investors and owners is directly affected by a maze of rules for deductions, income recognition, losses and credits.

Real estate taxation is an area where major tax dollars can be saved with up-front planning. For example, consideration should be given to the new tangible property cost regulations, short sale rules, conservation easements and cost segregation opportunities.

Careful preparation and advice related to the completion of pass-through entity tax returns is required to ensure that the income, losses, deductions and credits for real estate activities are distributed to the owners in accordance with the original intention of the parties. Mistakes are easily made.

Listen as our panel of experts discusses the most beneficial way to own commercial property, choosing the most beneficial accounting method, documenting non-dealer status, achieving a successful tax deferred exchange and maximizing depreciation deductions.

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Outline

  1. Passive activity losses
  2. Rehabilitation tax credits
  3. Installment sales
  4. Involuntary conversions
  5. Like-kind exchanges
  6. Energy efficiency tax deductions
  7. Environmental cleanup costs

Benefits

The panel will cover these and other relevant topics:

  • Like-kind exchanges
  • Passive activity losses
  • Tax credits and incentives
  • Maximizing deductions
  • Depreciation and recapture

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.

Faculty

Wray Rives
Wray Rives
Owner
RivesCPA

He has more than 20 years of experience in public accounting and private industry. His firm handles business tax...  |  Read More

Jon Funk
Jon Funk
Senior Manager, Tax Services
Ernst & Young

He has over eight years of experience practicing in the areas of partnerships, including open-ended funds, and real...  |  Read More

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