July 01, 2020

Sales, Exchanges and Basis Committee

Committee Leadership

Co-Chairs

Daniel Reach

Rafi Mottahedeh

Vice-Chairs

Stephen Breitstone

Matthew Rapaport

Leila Vaughn
 

About the Committee

We focus on a broad range of tax provisions covering the transfer and tax basis of property. These include like-kind exchanges (§1031), involuntary conversions (§1033), and the exclusion of gain from the sale of a principal residence (§121). They also include provisions covering the determination of the amount of gain from a transfer of property (§1001 - §1021), and the income characterization from a transfer, such as ordinary income and loss provisions (§64 – §65), and capital gain and loss provisions (§1201- §1231). Other provisions include the related party rules of §267 and §1239, the allocation rules for asset acquisitions under §1060, and transfers of franchises, trademarks and trade names (§1253). The Committee deals with both the policy and practical implications of these provisions. Its members work with government officials in the development of legislation, regulations and other guidance. The Committee also presents CLE programs and materials involving the “nuts and bolts” of the tax law. The Committee works closely with several other committees, including Partnerships and LLCs, Real Estate, Tax Accounting, and Capital Recovery & Leasing. In addition to our regular three hour meeting on Saturday morning, we meet for lunch on Friday to discuss Committee matters, and we have an informal dinner on Friday night with members and their guests. The Committee also meets with the IRS National Office on Friday at the May meeting to discuss tax matters related to our Committee, such as §1031.

Join us on Tax Connect! Details below.

Join us on Tax Connect! Details below.

SEB on Tax Connect

Tax Connect is an online and email platform for networking, exchanging ideas, getting advice, and interacting with fellow lawyers and legal professionals with whom you share similar areas of interest. Tax Connect communities are grouped around common practice areas like Pro Bono & Tax Clinics and International Taxation. The communities are open to any Section member and are a great way to collaborate on projects and upcoming meetings! 

Check out the Sales, Exchanges and Basis Community on Tax Connect and get involved today!

To learn more about ABA Tax Connect view the User Guide.

Joining Section of Taxation Committees

The Tax Section has over thirty member-led committees and Section Members can join as many as they would like. Each committee deals with a common practice area, such as Individual & Family Taxation, Exempt Organizations, Employee Benefits, etc.. A full list is available on our Committees & Task Forces landing page. If you are interested in getting involved, learn more about Section Membership here.

Our committees provide a great opportunity to network and to get involved. Committee members create robust and current CLE sessions for our conferences, participate in government comment projects, create committee newsletters or publications, and more. Feel free to Contact staff with any questions!