This webinar provides a concise and thorough overview of IRC Section 1031 tax deferred exchanges for accountants, CPAs and tax advisors. In addition to covering critical IRS time deadlines, “like-kind” requirements, partnership/LLC scenarios, reverse exchanges and other 1031 related issues, the class will provide a summary of current developments including applicable Revenue Rulings, PLR’s and other IRS guidance on current issues related to exchanges.
Help tax advisors understand what types of real and personal property can qualify for non-recognition treatment in an exchange and also what types of property are excluded from 1031 tax deferral;
Obtain a solid understanding of the wide range of like-kind property that qualifies for a 1031 exchange and also discuss various creative property alternatives available to taxpayers;
Learn the exchange equation and the requirements for full or partial tax deferral including understanding cash boot and mortgage boot;
Understand the reasons why taxpayers exchange and how a tax deferred exchange can help taxpayers improve their position in the market
Understand how higher capital gain taxes and the medicare surtax have increased taxation for real estate investors in 2013 by 58%
Full (and partial) tax deferral and the latest exchange trends affecting investors in 2014
Scott R. Saunders is Senior Vice President with Asset Preservation, Inc. (API), a subsidiary of Stewart Information Services Corporation (NYSE: STC). Scott has an extensive background in Internal Revenue Code §1031 tax-deferred exchanges, having been involved in structuring thousands and thousands of §1031 exchanges during his twenty-eight years in the exchange industry. He holds a Business Economics degree from the University of California at Santa Barbara. Asset Preservation is a leading national IRC §1031 Qualified Intermediary and has completed over 160,000 §1031 tax-deferred exchanges throughout the nation. Mr. Saunders dedicates a significant portion of his time to presenting classes on introductory and advanced §1031 exchange strategies to accountants, attorneys, financial advisors, real estate brokers, and principals nationwide. He has spoken at the annual National Bar Association Conference, National Society of Accountants (NSA) Annual Conference, National Association of Realtors® Annual Conference, GMAC Real Estate’s Annual Convention, Annual Conference for the American Society of Cost Segregation Professionals, Building Owners and Management Association International (BOMA) Annual Conference, American Land Title Association (ALTA), Colorado Society of Certified Public Accountants Annual Convention, Colorado Association of Realtors Annual State Convention, Ohio Bar Association, the Certified Commercial Investment Member (CCIM) and Institute of Real Estate Management (IREM) Success Series, Tenant-in-Common Association (TICA), the University of Denver and Washington D.C. Bar Association and many other state and local financial, real estate, accounting, and legal associations. He has also been a regular presenter of 8-hour C.L.E. and C.P.E. approved classes on advanced §1031 exchange issues to accountants, attorneys, commercial developers, and CFO’s arranged by Lorman Education and the National Business Institute. Scott regularly provides webinars for continuing education credit on the subject of §1031 exchanges. In addition to being an accredited speaker in numerous states, Mr. Saunders was a contributing author to the book Real Estate Exchanges: Using the Tax Deferred Exchange in Real Estate Investment Management. He was featured in The Wall Street Journal article, High-Impact Tax Breaks, in July 2013. He has written over 180 articles on various aspects of §1031 tax-deferred exchanges, capital gain taxation, and investment real estate. His articles have been featured in many investment publications such as the New York Real Estate Journal, Mid Atlantic Real Estate Journal, Inman News, REBusiness Online, Heartland Real Estate Business, Western Real Estate Business, Realtors® Land Institute Terra Firma, and many other real estate and other financial publications. Mr. Saunders also is a Board Member of the Federation of Exchange Accommodators (www.1031.org), the national 1031 exchange industry trade association.
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