See Credit Details Below
This year’s program will continue to focus on transactions, highlighting the tax problems encountered, and structuring adopted by, practitioners in today’s typical commercial real estate transactions. We will explore the unique challenges created by the current market, and the impact of recent tax legislation, including the Inflation Reduction Act (“IRA”), and examine the range of approaches and solutions being used by the experts following the passage of this new legislation, the 2017 Tax Act (formerly the Tax Cuts and Jobs Act – “TCJA”), the Coronavirus Aid, Relief, and Economic Security Act (the “CARES” Act), and subsequent guidance thereunder.
Panels of nationally-recognized real estate tax experts from major law and accounting firms will provide attorneys, accountants and real estate professionals with a detailed analysis of the most cutting-edge and creative tax planning techniques available for structuring, restructuring and unwinding different types of real estate transactions in today’s challenging environment. Using extensive visual aids and actual deal structures, this group of entertaining, experienced and knowledgeable speakers will share their experiences with today’s state-of-the-art planning techniques, and emphasize practical approaches to solving difficult tax issues affecting real estate investment and operation.
What You Will Learn
After completing this program, participants will be able to:
- Select the right Section 704(c) method for your contributed property
- Draft partnership agreements to deal with the new partnership audit and “partnership representative” rules
- Structure your real estate transactions to avoid income recognition traps and minimize taxes under Sections 704(b), 704(c), 707, 737 and 752
- Contribute real estate to real estate investment trusts (REITs) in a tax efficient manner
- Execute challenging commercial real estate transactions, including, contributions of properties to partnerships, LLCs and REITs and UPREITs, roll-ups of portfolios of multiple properties, Qualified Opportunity Funds (“QOFs” and “QOZBs”), redemptions and divisions of partnerships with negative capital accounts
Program Level – Overview
Intended Audience - Attorneys at law and accounting firms who advise clients on the tax consequences of real estate transactions; in-house tax professionals who help structure transactions; and professionals interested in exploring the cutting-edge and creative tax planning techniques available for structuring, restructuring and unwinding different types of real estate transactions in today’s challenging environment.
Prerequisites – Familiarity with the U.S. tax rules affecting real estate.
Advanced Preparation – None