Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This course provides an overview of the U.S. federal income tax rules governing property exchanges, with a focus on the requirements and application of Section 351. Participants will learn the key elements needed to qualify for tax-deferred treatment, including the control requirement, eligible property contributions, and the treatment of services.
The course also explores important considerations such as the receipt of boot, the assumption of liabilities, and special rules involving investment companies. In addition, learners will work through calculations and practical examples to understand how to apply Section 351 in real-world scenarios, along with related filing and recordkeeping requirements. By the end of the course, participants will have a solid foundation for identifying and applying Section 351 rules in practice.
Topics Include:
- General Rules
- The Basic Requirements
- Receipt of Boot
- Assumption of Liabilities
- Investment Companies and “Busting” 351
- Calculations and Character
- Filing and Record Keeping
Key Takeaways
After completing this course, the learner should be able to:
- Understand the basic U.S. federal income tax rules for property exchanges.
- Identify the basic requirements of a Section 351 exchange.
- Recognize unique considerations and special rules relevant to Section 351.
- Understand how to perform Section 351 calculations.
Who Will Benefit
This course is ideal for tax professionals, accountants, and financial advisors involved in corporate structuring or property transfers. It benefits them by providing practical knowledge to apply Section 351 rules correctly, minimize tax consequences, and ensure compliance in real-world transactions.
Disclaimer
Most of CPA Ontario's 450+ on-demand courses are compatible with the mobile app. Unfortunately, this on demand course is not compatible. For the best learning experience, we suggest you use your computer.
How to Access the Course
To access your course, visit the CPA Ontario Blackboard site and sign in using the same username and password used for the Registration Portal.
Important: Course access begins on the date of purchase and remains available for the Access Time specified for the course under Dates and Location. Please review the access time before purchasing. Note that it may take up to 15 minutes after registration for the course to appear in Blackboard.
Registration, cancellation, withdrawal, and other CPA Ontario PD policies can be found here.
Speaker(s)
Becker has been the partner accountants trust with their professional education for more than 60 years. Our team of expert instructors draws on decades of real-world experience to deliver comprehensive coursework that translate concepts into real-life examples. Becker has prepared people from more than 2,900 accounting firms, alliances, corporations, government agencies and universities.