Related Party Issues & Transactions

This course is designed to provide tax, accounting, and finance professionals with an in-depth understanding of related party rules and their significant impact on federal income tax implications. The class offers a detailed exploration of IRC §267’s core definition of “related parties” and its applications, crucial for effective tax planning and compliance. You will gain insights into constructive ownership of stock under §318, navigate the complexities of related party loans, and understand partnership issues under §707. The course also covers the implications of §1239 on gain from depreciable property, the intricacies of matching expense deductions, and the rules for sales of property at a loss. Additionally, you’ll explore the nuances of §179 issues and examine installment sale rules and §280A rental issues with related parties. By participating in this course, you will benefit from a clearer understanding of these regulations, enabling you to apply this knowledge to real-world scenarios, thereby enhancing your expertise and ensuring accuracy and efficiency in your professional practice.