Individual Tax Update Session 2

Course Description

Real Estate Changes

• New! Homebuyer credit instructions and form
• Last year to maximize use of the 0% capital gain rate
• In-depth discussion on cancellation of debt relief for acquisition debt on principal residences
• Use Form 982 to exclude real estate COD income 

• New! IRS changes rules for grouping of passive activities–this new election must be attached to returns
• How to meet the real estate professional eligibility requirements
• Tax Court rules real estate salespersons are involved in real estate brokerage
• Failure to make "single activity" election is ruinous to entrepreneurs
   

• Dramatic expansion of Roth IRAs and pension provisions
• Tax-free IRA distributions for charitable purposes
   

• $3.5 million exclusion from estate tax?
• Gift tax exclusion increases?
• Use of family limited partnerships saves estate tax
• Deductibility of trust funds limited
   

Learning Objectives

Upon successful completion of this course, participants will be able to:

• Explain federal legislative tax changes affecting 2010 returns.
  

Schedule
After you have added the below section to your shopping cart, please be sure to add all other applicable sections.

For registration information, please contact our office at (800) 822-4194.

For Webcast group registrations, click here.