Self-Study
1
Intermediate
Taxes
General knowledge of federal taxation.

Course Description

Section 1031 like-kind exchanges can be intimidating. This course helps make them more accessible by covering all aspects of like-kind exchanges, including what property qualifies, transaction requirements, and reporting requirements. It also goes into more complex issues, such as deferred exchanges, reverse exchanges, qualified intermediaries, and related parties. The computation of basis is also covered, along with the interaction between like-kind exchanges and installment sales.



Instructor

Jim R. Hamill, CPA, PhD

Jim Hamill is the Director of Tax Practice at Reynolds, Hix & Co., P.A., in Albuquerque, New Mexico, where he provides tax consulting services for real estate, partnership, and corporate clients and also provides estate planning services for families. He is also a managing member of Exchange Facilitators, LLC, which provides qualified intermediary and exchange accommodation titleholder services for Section 1031 exchanges. Jim is the author of over 30 CPE courses and more than 100 articles in professional tax journals and writes a weekly column on tax issues for the Albuquerque Journal. He has lectured on structuring tax transactions throughout the country for over 25 years and does web-based learning for CCH. Jim has taught classes for four of the national CPA firms as well as many other organizations. He is a CPA in New Mexico, a past Chair of the New Mexico Society of CPAs, has 34 years of experience as a tax practitioner, and also taught university tax courses for more than 20 years.



Course Specifics

Taxes
Aug 28, 2017
General knowledge of federal taxation.
SS8172596
38
None


Compliance Information

103220
IRS Provider #: OMYXB
IRS Course ID: 0MYXB-T-01184-17-S
IRS Federal Tax Law Credits: 1
CTEC Provider #: 2071
CTEC Course ID: 2071-CE-1136
CTEC Federal Tax Law Credits: 1
Qualifies for CA Fraud: No


Learning Objectives

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

  • Cite the advantages of like-kind exchanges.
  • Recognize when a like-kind exchange has occurred.
  • Identify the tax consequences regarding boot in like-kind exchanges.
  • Recall the basis of property in a like-kind exchange.
  • Note the impact of an installment sale in a like-kind exchange.
  • Identify the impact of nonsimultaneous exchanges.
  • Specifiy the tax consequences of related party like-kind exchanges.
  • Identify the tax consequences of reverse like-kind exchanges.
  • Cite the reporting requirements for like-kind exchanges.


Choose Your Preferred Format


Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

hard copy


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