1031 Exchanges
 Wine Country Chapter In-Person Meeting

Date/Time:

Wednesday, October 26, 2022
6:00 PM to 9:00 PM

Location:

Mimi's Cafe
17231 17th St
Tustin, CA 92780

Dinner is included in registration. 

Description:

DO YOU HAVE APPRECIATED REAL ESTATE YOU WANT TO SELL AND BUY OTHER REAL ESTATE WHILE DEFERRING THE INCOME TAX? Then come to this session on Internal Revenue Code 1031 – tax deferred exchanges. Learn and discuss:
1) what types of property qualify?
2) what types of people could disqualify your exchange, and what if I want to sell to a related party?
3) what are the deadlines and timelines to comply with this code section?
4) what is a qualified intermediary?
5) what if my existing property has a mortgage?
6) can I trade my property for a different kind of investment?
7) what is a tenant-in-common Delaware statutory trust, and could it be beneficial for your 1031 exchanges?
8) is there a limit to how many people can be involved in a tenant-in-common Delaware statutory trust?

Bring your questions, answers, and examples, so all of us can gain insights.

Presenter:

George W. Teats Jr., CPA
George W Teats Jr is a CPA and has been working as an accountant since 1979. He has also been an instructor for the Becker CPA review course. He currently has a practice in Santa Ana, a local firm with a staff of four people, serving the needs of individuals, family-owned businesses, non-profit organizations, and estates and trusts.George is currently married, with two adult sons from a previous marriage, and five step children from his current marriage. He enjoys the adventure of trying exotic and independent (non-chain) restaurants of all different ethnic types.

CPE Information:

2 Federal Law hours (Topics covering existing tax law)

IRS: 18QC1-T-01732-22-I
CTEC: 1000-CE-5152

Knowledge Level: Basic (No prior knowledge expected)

Cost:

Registration Fee (Member): $35
Registration Fee (Non-Member): $65

Registration:

Please register below:

This presentation has been designed to meet the requirements of the Return Preparer Office, the California State Board of Accountancy; and the California Tax Education Council including code 31 of Federal Regulations10.6 (g). This does not constitute an endorsement by these groups. A listing of additional requirements to renew tax preparer registration may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA. 95812- 2890, or phone CTEC at (877) 850-2832, or on the Internet at www.ctec.org.