CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS
Webcast

Rental Properties, with Deep Dive into Short-term Rentals

Practical guide to Rental Property Tax Strategies and Reporting. Learn essential compliance methods for both traditional and short-term rentals, from depreciation techniques to platform-specific considerations in today's dynamic market.

Individual
Teams

$98.00

Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)

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CPE Credits

2 Credits: Taxes
Course Level
Basic
Format
Webcast

Course Description

In this dynamic and ever-evolving world of rental property management, where platforms like Airbnb and VRBO have transformed the landscape, understanding the nuances of tax reporting and depreciation is crucial. This CPE webcast course, tailored for tax, accounting, and finance professionals, goes beyond traditional learning to offer practical, real-world solutions.

You’ll learn the essentials of proper form selection for rental income reporting, whether it’s Schedule E (Form 1040) or Schedule C (Form 1040), ensuring that you’re always on the right side of compliance. The CPE course also covers the vital aspects of depreciation methods, converting personal residences to rentals, and the specific considerations when renting to related parties. What sets this on demand CPE course apart is its focus on practical application. Through analyzing court cases and revenue rulings, you’ll develop a deeper understanding of short-term rentals and their tax implications. By the end of this session, you’ll not only fulfill your CPE requirements but also gain a toolkit of knowledge and skills that directly translate to improved client service and enhanced professional credibility.

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Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Understand related terms and definitions
  • Knowledge of 14 or 10% rule
  • Analysis of Vacation Home Rules under IRC Section 280A
  • Examine Renting to related parties at Fair Rental Value {FRV} and below FRV
  • Explore IRS and Tax Court Rules on Counting days
  • Distinguish between Schedule E and Schedule C reporting for rental property
  • Determine the allocation of expenses between rental and personal use
  • Deep dive into Short-term Rentals
  • Inspect Court Cases, Revenue Rulings, and CCAs concerning rental property
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Course Specifics

Course ID
WC1823324889
Revision Date
August 19, 2024
Prerequisites

None

Advanced Preparation

None

Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02606-24-O
IRS Federal Tax Law Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1893
CTEC Federal Tax Law Credits: 2

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.

Meet The Experts

A.J. Reynolds, EA

A.J. Reynolds, EA has over thirty years of experience encompassing various areas of taxation. Though his practice centers on Individual, Business, and Estate Tax preparation, A.J. focuses a portion of his practice to IRS Representation. As diverse as his specializations, A.J.’s clientele, too, ranges from average workers to Fortune 500 executives. Additionally, A.J volunteers his time with the Iowa Legal Aid’s Managing Attorney assisting in Tax Court cases and assorted income tax issues. A.J. brings his everyday “in the trenches” experience to seminars and webinars for multiple organizations to assist attendees with real issues affecting tax professionals. A.J. started his …