Date: Tuesday, June 8, 2021
Time: 9:00 a.m. to 1:00 p.m.
Topic: Federal Income Tax Update on Real Estate Taxation
Location: Live Video Conference - Via Zoom
Speaker: Cory J. Bilodeau, Esq., LL.M.
Host: Boston Tax Institute
Credits: 4 CPE Credits
Topics include current issues and recent developments in federal income taxation of real estate. Tax reform is a hot topic in Washington including potential increases to capital gains tax rates which would impact real estate investors. This seminar will focus on strategies to reduce federal income taxes from real estate investments. Particular attention will be paid to recent developments including new final regulations defining real estate for 1031 exchanges. The new regulations are generally taxpayer-friendly and create greater flexibility to structure 1031 exchanges to reduce capital gains taxes. While many worry about potential tax rate increases tomorrow, this seminar will focus on practical steps real estate investors can take today to reduce federal income taxes.
Please contact Lucien P. Gauthier, Esq., CPA, Boston Tax Institute at (561) 268-2269 to register.
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Date: Friday, June 25, 2021 (Rescheduled from Wednesday, June 16, 2021)
Time: 9:00 a.m. to 1:00 p.m.
Topic: Partnerships, Partners and LLCs
Location: Live Video Conference - Via Zoom
Speaker: Cory J. Bilodeau, Esq., LL.M.
Host: Boston Tax Institute
Credits: 4 CPE Credits
Topics include current issues and recent developments in federal income taxation of partnerships and partners. Legislative responses to the COVID-19 pandemic enacted rapid-fire changes to the Internal Revenue Code. Forgivable PPP loans, new tax credits, and other tax incentives were rapidly enacted as Congress took steps to buoy the national economy. The IRS continues to publish administrative guidance implementing these changes but questions remain. This seminar will provide practical guidance to apply these changes to partnerships and partners as well as answer some of the remaining open questions. Particular attention will also be paid to other recent tax reporting changes including new Form 1065 and Schedule K-1 tax capital account reporting, and new IRS Form to request revocation of a 754 election and tax capital account. The new Form provides guidance on situations that may warrant the granting of IRS permission to revoke the election.
Please contact Lucien P. Gauthier, Esq., CPA, Boston Tax Institute at (561) 268-2269 to register or visit bostontaxinstitute.com to register online.
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Date: Thursday, June 24, 2021
Time: 8:00 a.m. to 12:00 p.m.
Topic: SALT
Location: Crowne Plaza Providence-Warwick
801 Greenwich Avenue, Warwick RI 02886
Speaker: Cory J. Bilodeau, Esq., LL.M.
Host: RI Association of Public Accountants
Credits: 4 CPE Credits
Topic includes Rhode Island Pass-Through Entity Election, a SALT cap workaround that works. This seminar will focus on the nuts and bolts of Rhode Island’s elective Pass-Through Entity Election regime as well as recent IRS Notice 2020-75 which established a roadmap for viable SALT cap workarounds. Particular attention will be provided to complexities, peculiarities, and traps for the unwary. These include (1) tax credit issues that can result in double taxation of individual owners of pass-through entities, (2) uncertain tax return positions such as applying the Rhode Island workaround to taxpayers not included in Notice 2020-75, and (3) shifts of individual tax attributes such as net operating losses to the entity level. The Pass-Through Entity Election will often make sense, but it is not an automatic decision.
Please contact Robert J. Iadeluca, Executive Director at RIAPA at (401) 461-1887 or via email
148 West River Street Suite 1E
Providence, RI 02904
401-421-5115