Jul

    Virtual 2020 May Tax Meeting: Sales, Exchanges & Basis and Capital Recovery & Leasing

    1 PM EDT

    A 3 hour program including the following panels: Hot Topics within the life cycle of property and SEB in the time of Corona. below for panel details.

    Select your state to learn more about the credit details and status of CLE application. Credit is not available for states not listed.

    3.00 total credit hours including

    • General

      Status:

      Approved

      3.00 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Available for credit

      3.00 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Available for credit

      3.00 credit hours

      Available until:

      07/20/2022

    3.00 total credit hours including

    • General

      Status:

      Approved

      3.00 credit hours

      Available until:

      07/20/2021

    3.00 total credit hours including

    • Substantive Law

      Status:

      Available for credit

      3.00 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Approved

      3.00 credit hours

      Available until:

      07/20/2023

    3.50 total credit hours including

    • General

      Status:

      Approved

      3.50 credit hours

      Available until:

      12/30/2022

    3.00 total credit hours including

    • General

      Status:

      Available for credit

      3.00 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Applied for

      3.00 credit hours

      Available until:

      07/20/2022

    3.00 total credit hours including

    • General

      Status:

      Self apply

      3.00 credit hours

      Available until:

      07/20/2023

    3.50 total credit hours including

    • General

      Status:

      Self apply

      3.50 credit hours

      Available until:

      01/20/2022

    3.00 total credit hours including

    • General

      Status:

      Applied for

      3.00 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Applied for

      3.00 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Approved

      3.00 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Approved

      3.00 credit hours

      Available until:

      07/20/2022

    3.00 total credit hours including

    • General

      Status:

      Approved

      3.00 credit hours

      Available until:

      07/20/2025

    3.00 total credit hours including

    • General

      Status:

      Approved

      3.00 credit hours

      Available until:

      07/20/2022

    3.00 total credit hours including

    • General

      Status:

      Applied for

      3.00 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Applied for

      3.00 credit hours

      Available until:

      07/20/2021

    3.50 total credit hours including

    • General

      Status:

      Approved

      3.50 credit hours

      Available until:

      07/20/2022

    3.00 total credit hours including

    • General

      Status:

      Approved

      3.00 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Approved

      3.00 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Approved

      3.00 credit hours

      Available until:

      07/20/2022

    3.00 total credit hours including

    • General

      Status:

      Self apply

      3.00 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Self apply

      3.00 credit hours

      Available until:

      07/20/2023

    3.60 total credit hours including

    • General

      Status:

      Self apply

      3.60 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Applied for

      3.00 credit hours

      Available until:

      07/20/2022

    3.00 total credit hours including

    • General

      Status:

      Applied for

      3.00 credit hours

      Available until:

      07/20/2023

    3.60 total credit hours including

    • General

      Status:

      Applied for

      3.60 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Approved

      3.00 credit hours

      Available until:

      07/20/2023

    3.50 total credit hours including

    • Specialized Knowledge

      Status:

      Approved

      3.50 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Applied for

      3.00 credit hours

      Available until:

      07/20/2022

    3.00 total credit hours including

    • General

      Status:

      Approved

      3.00 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Available for credit

      3.00 credit hours

      Available until:

      07/20/2023

    3.60 total credit hours including

    • General

      Status:

      Reciprocity

      3.60 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Applied for

      3.00 credit hours

      Available until:

      07/20/2025

    3.50 total credit hours including

    • Areas of Professional Practice

      Status:

      Approved

      3.50 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Applied for

      3.00 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Approved

      3.00 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Approved

      3.00 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Applied for

      3.00 credit hours

      Available until:

      12/31/2020

    3.50 total credit hours including

    • General

      Status:

      Applied for

      3.50 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • Substantive

      Status:

      Available for credit

      3.00 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Approved

      3.00 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Approved

      3.00 credit hours

      Available until:

      07/20/2022

    3.00 total credit hours including

    • General

      Status:

      Approved

      3.00 credit hours

      Available until:

      07/20/2022

    3.00 total credit hours including

    • General

      Status:

      Available for credit

      3.00 credit hours

      Available until:

      07/20/2023

    3.50 total credit hours including

    • General

      Status:

      Approved

      3.50 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Applied for

      3.00 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Self apply

      3.00 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Applied for

      3.00 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Approved

      3.00 credit hours

      Available until:

      07/20/2022

    3.00 total credit hours including

    • General

      Status:

      Applied for

      3.00 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Approved

      3.00 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Approved

      3.00 credit hours

      Available until:

      07/20/2023

    3.00 total credit hours including

    • General

      Status:

      Applied for

      3.00 credit hours

      Available until:

      10/30/2020

    3.00 total credit hours including

    • Law & Legal Procedure

      Status:

      Approved

      3.00 credit hours

      Available until:

      07/20/2025

    3.60 total credit hours including

    • General

      Status:

      Applied for

      3.60 credit hours

      Available until:

      07/20/2023

    3.50 total credit hours including

    • General

      Status:

      Approved

      3.50 credit hours

      Available until:

      07/20/2021

    3.00 total credit hours including

    • General

      Status:

      Self apply

      3.00 credit hours

      Available until:

      07/20/2023

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    Capital Recovery & Leasing

    Hot Topics Within the Life Cycle of Property. This panel will focus its discussion on various "hot topics" in the capitalization and cost recovery space set amidst the backdrop of the life cycle of property. Topics will include the placing in service of property generally with a focus on parsing through the placed in service nuances of qualified improvement property, parsing through the definition of real vs. personal property and its corresponding impact on cost recovery (including a discussion on bonus depreciation under Section 168(k), Section 179 expensing, revisiting application of the tangible property regulations, Section 1031 implications, and cost segregation opportunities and issues) and disposition of property with a particular focus on recent events attributable to the COVID-19 pandemic and the potential to utilize the provision of Section 165/Section 165(i).

    Panelists:
    Jane Rohrs, Deloitte, Washington, D.C. (Moderator)
    Kathleen Reed, Branch Chief, Branch 7, Office of Chief Counsel – Income Tax & Accounting, Internal Revenue Service, Washington, D.C.
    Jaime Park, Attorney, Office of Chief Counsel – Income Tax & Accounting, Internal Revenue Service, Washington, D.C.
    Suzanne Sinno, Attorney, Office of Chief Counsel – Income Tax & Accounting, Internal Revenue Service, Washington, D.C.
    Edward Schwartz, Attorney, Office of Chief Counsel – Income Tax & Accounting, Internal Revenue Service, Washington, D.C.
    Justin Grill, Attorney, Office of Chief Counsel – Income Tax & Accounting, Internal Revenue Service, Washington, D.C.
    Carol Conjura, KPMG, Washington, D.C.
    Glenn Johnson, EY, Washington, D.C.
    Richard Shevak, CohnReznick, Roseland, NJ

    Sales, Exchanges and Basis

    SEB in the Time of Corona. IRS Notice 2020-23 extended several federal tax deadlines, including many relevant to topics the Sales, Exchanges, and Basis constituency considers important, in recognition of the effect the COVID-19 crisis was having on taxpayers. Practitioners appreciated the relief, but the Notice's reference to Rev. Proc. 2018-58 sparked confusion regarding regulatory interpretation, and advisors had to hatch new strategies about how to handle the shifting environment. This program will explore the measures the IRS has taken (and perhaps might take in the future) to combat the fallout from COVID-19, then discuss implications for practitioners and solicit comments from the audience about the interesting fact patterns they've encountered since the onset of the pandemic.

    Panelists:
    Mary Foster, 1031 Services Inc, Seattle, WA

    Event Details

    Format

    Web

    Date

    Jul 21, 2020

    2020-07-21T13:00:00-04:00 2020-07-21T16:00:00-04:00 Virtual 2020 May Tax Meeting: Sales, Exchanges & Basis and Capital Recovery & Leasing

    A 3 hour program including the following panels: Hot Topics within the life cycle of property and SEB in the time of Corona. below for panel details.

    Sponsors

    Section of Taxation

    MCLE Information

    The ABA will seek 3.0 CLE credit hours in 60-minute-hour states, and 3.6 CLE credit hours in 50-minute states. Credit hours are estimated and are subject to each state’s approval and credit rounding rules.

    CPE Information

    The American Bar Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors for Group Live programs (live in-person). State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Due to the COVID-19 crisis, many State boards of accountancy are providing flexibility in the instructional delivery method and allowing for Group Live approved providers to issue credits for Group Live Internet Based vended programs. Kansas does not allow for this flexibility, and waiver requests are pending with Iowa, New York, and North Dakota. All other State boards of accountancy have noted their flexibility. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www. learningmarket.org. Recommended CPE Credits and Fields of Study: Program attendees can earn up to 3.0 CPE credits in Tax. There are no prerequisites.

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