Related Party Issues & Transactions

1 Credits: Taxes


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Related Party Issues & Transactions

Course Level
CPE Credits

1 Credits: Taxes

Course Description

This course is designed to provide tax, accounting, and finance professionals with an in-depth understanding of related party rules and their significant impact on federal income tax implications. The class offers a detailed exploration of IRC §267’s core definition of “related parties” and its applications, crucial for effective tax planning and compliance. You will gain insights into constructive ownership of stock under §318, navigate the complexities of related party loans, and understand partnership issues under §707. The course also covers the implications of §1239 on gain from depreciable property, the intricacies of matching expense deductions, and the rules for sales of property at a loss. Additionally, you’ll explore the nuances of §179 issues and examine installment sale rules and §280A rental issues with related parties. By participating in this course, you will benefit from a clearer understanding of these regulations, enabling you to apply this knowledge to real-world scenarios, thereby enhancing your expertise and ensuring accuracy and efficiency in your professional practice.

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Learning Objectives

Upon completing this course, participants will be able to:

  • Analyze IRC § 267
  • Constructive Ownership of Stock under § 318
  • Related Party Loans
  • § 707 and related partnership issues
  • § 1239 gain from depreciable property
  • Matching Expense Deductions
  • Sale or Property at a Loss
  • § 179 Issues
  • Examine Installment sale rules with related parties
  • § 280A rental issues
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Course Specifics

Course ID
Revision Date
September 20, 2022


Advanced Preparation


Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02075-22-O
IRS Federal Tax Law Credits: 1
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1810
CTEC Federal Tax Law Credits: 1

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

A.J. Reynolds, EA

A.J. Reynolds, EA has over thirty years of experience encompassing various areas of taxation. Though his practice centers on Individual, Business, and Estate Tax preparation, A.J. focuses a portion of his practice to IRS Representation. As diverse as his specializations, A.J.’s clientele, too, ranges from average workers to Fortune 500 executives. Additionally, A.J volunteers his time with the Iowa Legal Aid’s Managing Attorney assisting in Tax Court cases and assorted income tax issues. A.J. brings his everyday “in the trenches” experience to seminars and webinars for multiple organizations to assist attendees with real issues affecting tax professionals. A.J. started his …

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