Live Webinar

100-minute live streaming program
  • September 22
  • 1:00 - 2:40 pm EST

Also available as:

OnDemand Course

Advanced 1031 Exchange Concepts and Opportunity Zones

September 22

Explore advanced topics in 1031 Deferred Exchanges and Opportunity Zones.

If tax law were music, 1031 exchanges and Opportunity Zones are the punk rock of the tax code. This session turns the volume up to eleven, going deep into complex 1031 structures: improvement exchanges, related party ground leases, reverse exchanges, and improvement exchanges. Property identification issues, constructive receipt, and real property/personal property issues are covered in the context of recent regulatory and judicial guidance. Opportunity Zones are compared and contrasted to 1031 exchanges with an emphasis on combining the strategies into one model. OZ qualifying property and QOZ/QOZB structures are discussed in detail. The encore features advanced 1031 topics like DSTs, TICs, Drop & Swaps, and recapture covered in real life examples.

Learning Objectives

  • You will be able to describe property identification issues.
  • You will be able to identify 4 specialty type exchanges.
  • You will be able to review the recent Judicial decision impacting 1031.
  • You will be able to discuss OZ qualifying property and QOZ/QOZB structures.

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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

1031 Exchange
  • Post TCJA Real Property Requirement
  • 15% Personal Property Exception
  • Property Identification
  • Held for Trade or Business vs Investment Requirement
  • Constructive Receipt of Property
  • Depreciation Recapture
  • Specialty Type Exchanges
  • Overview of Recent Judicial Decision Impacting 1031
Opportunity Zone
  • Qualifying Property and Qualifying Assets
  • Substantial Improvement Requirement
  • Qof vs Qozb Structures and Best Practices
  • Partnership Related Deferrals
  • Asset Testing Rules
  • Working Capital Safe Harbor Timelines
  • Impact of COVID-19 Related Legislation on Timelines
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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • AR CLE 1.5
     
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
     
  • Arizona CLE 1.5
     
  • The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
     
  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • CT CLE 1.5
     
  • Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.5 CLE credit(s).
     
  • GA CLE 1.5
     
  • This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.5 CLE hours.
     
  • HI CLE 1.5
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.5 CLE credit hours.
     
  • MO CLE 2.0
     
  • This program has been approved by the Missouri Bar for 2.0 hours of CLE.
     
  • MS CLE 1.7 (Pending)
     
  • This program has been submitted to the Mississippi Commission on Continuing Legal Education. Approval pending.
     
  • NC CLE 1.5 (Pending)
     
  • NH MCLE 1.6
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 95 Minutes.
     
  • NJ CLE 2.0
     
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 2.0 hours of total CLE credit.
     
  • NV CLE 1.5
     
  • This program has been approved by the Nevada Board of Continuing Legal Education for 1.5 CLE hours.
     
  • OH CLE 1.75 (Pending)
     
  • This course has been submitted to the Supreme Court of Ohio Commission on Continuing Legal Education for 1.75 CLE hours. Approval pending.
     
  • PA CLE 1.5
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.5 hours of substantive law, practice and procedure CLE credit.
     
  • RI CLE 2.0
     
  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 2.0 hours of CLE credit.
     
  • TN CLE 1.66 (Pending)
     
  • This program has been submitted as a distance learning format by the Tennessee Commission on Continuing Legal Education for a maximum of 1.66 hours of credit.
     
  • VT CLE 1.5
     
  • This program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hours of CLE credit.
     
  • WI CLE 2.0
     
  • This program has been approved by the Board of Bar Examiners for 2.0 hours for use toward the Wisconsin Mandatory CLE requirement.
     
  • WV MCLE 2.0
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 2.0 MCLE hours.
     
  • Enrolled Agents 2.0
     
  • This program qualifies for 2.0 hours of Continuing Education Credit for enrolled agents under Treasury Department Circular #230 Section 10.6(g).
     
  • CPE 2.0 including Taxes 2
     
  • Lorman Education Services 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. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.0 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

OnDemand Course

This course was last revised on June 9, 2020.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Who should attend?

This live webinar is designed for accountants, CPAs, CEOs, presidents, vice presidents, CFOs, controllers, business owners and managers, bookkeepers, tax preparers, enrolled agents, and attorneys.

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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Rob Nowak, CPA MST

Rob Nowak, CPA MST

Weaver

  • Partner at Weaver & Tidwell
  • Trusted business advisor to hundreds of clients and friends in the real estate and construction industries. Building relationships based on open, honest communication, he has created impactful value through proactive tax planning, structuring, and consulting.
  • Regular contributor to firm thought leadership and author of numerous articles published in third-party publications.
  • Has spent considerable time speaking and writing about impactful changes in tax legislation.
  • Has advised and consulted with the staff of Former US Representatives the of House Ways & Means Subcommittee on Tax Policy for the 115th Congress during the drafting of the 2017 Tax Cuts & Jobs Act.
  • B.S. degree (with University Honors), Northern Illinois University; M.S. degree, DePaul University.
  • Member of the Urban Land Institute, Associated General Contractors, Construction Financial Management Association, American Institute of Certified Public Accountants, Texas Society of CPA’s, Illinois CPA Society, Texas Real Estate Council, and National Association of Real Estate Investment Trusts.
  • Can be reached at [email protected]
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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 410011
Published 2020, 2022
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