2021 Federal Tax Update – Real Estate Taxation & Investments, Estates, Trusts & Beneficiaries

6 Credits: Taxes


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2021 Federal Tax Update – Real Estate Taxation & Investments, Estates, Trusts & Beneficiaries

Course Level
CPE Credits

6 Credits: Taxes

Course Description

Combining the real-life experience of a practicing CPA with essential down-to-earth tax materials in a high-tech format, this powerful presentation will enable participants to quickly understand and implement individual tax reform changes and review IRS and Court actions affecting tax returns. You’ll receive the most complete and up-to-date reference manual, written by renowned tax experts, Vern Hoven and Sharon Kreider. The digital PDF manual is hyperlinked to the Internal Revenue Code, tax court decisions, and other primary authorities, making it extremely convenient. Join us as our world-class tax instructors share cutting-edge tax planning strategies in a high energy, often humorous, presentation style using real-life experiences, which make complicated individual tax topics easily understandable.

Highlights include:
2021 Federal Tax Update: Real Estate, Estate & Trusts, will Identify the timing and impact of key provisions new legislation including:
• New legislation
• Cost Segregation in the news
• TCJA limits §1031 exchanges to real property
• Tax issues for online rentals
• IRS keeps intense audit pressure on passive activities, especially on real estate professionals
• Determining if property is dealer or investor property
• Cancellation of debt and foreclosures
• Loss on rental converted from personal use
• Monetized Installment Sale transactions
• Capital loss v. ordinary loss on sale of property
• Estate and gift tax exemptions temporarily increased by TCJA
• Build Back Better proposes changes
• All size estates need planning
• Don’t forget state inheritance taxes
• Trust rules changed after SECURE
• IRS Explains “Excess Deductions” at Termination of Trust
• Estate and trust administrators personally liable for taxes
• FLPs can still be useful
• Recent Valuation Cases

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Learning Objectives

Upon successful completion of this course, participants will be able to:
• Identify key provisions of new legislation including:
• Cost Segregation, TCJA limits, SECURE Act, and other issuances.
• Learn key provisions of Cares Act, in response to COVID-19.
• Understand the requirements Tax issues for online rentals
• Capital loss v. ordinary loss on sale of property
• Monetized Installment Sale transactions
• Estate and gift tax exemptions
• Build Back Better and SECURE changes
• FLPs
• Review, recent Valuation Cases

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Course Specifics

Course ID
Revision Date
November 11, 2021

There are no prerequisites.

Advanced Preparation


Number of Pages

Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB 
IRS Course Number: 0MYXB-U-01904-21-S
IRS Federal Tax Update Credits: 6
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1667
CTEC Federal Tax Update Credits: 6

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at

Meet The Experts

Sharon Kreider Headshot

Sharon Kreider, CPA, has helped more than 15,000 California tax preparers annually get ready for tax season. She also presents regularly for the AICPA, the California Society of Enrolled Agents, CCH Audio, and Western CPE. You’ll benefit from the detailed, hands-on tax knowledge Sharon will share with you—knowledge she gained through her extremely busy, high-income tax practice in Silicon Valley. With her dynamic presentation style, Sharon will demystify complex individual and business tax legislation. She’s a national lecturer for business and professional groups and consistently receives outstanding evaluations. In 2014, she was awarded the prestigious AICPA 2014 Sidney Kess Award …

Vern Hoven, CPA, MT, is one of America’s premier tax presenters and speaks to over 100 groups a year on a variety of tax topics. He teaches at Western CPE Federal Tax Update seminars and conferences and produces self-study and webcasts courses as well. Vern consistently receives outstanding evaluations and has won numerous teaching awards, including the prestigious AICPA 2014 Sidney Kess Award for Excellence in Continuing Education. Vern is the author of the best-selling Real Estate Investor’s Tax Guide and a favorite interviewee on radio, television, and in newspapers. His presentation skills have earned him the coveted Certified Speaking …