The Impact of Tax Changes on Your Client's Real Estate Investments
Thursday, June 10, 2021
10:45 AM to 12:25 PM

Speaker: Steve Mecham
2 Federal Tax Law Hours
IRS: 18QC1-T-01478-21-O
CTEC: 1000-CE-4880

Sessions Description:
In the last two years, President Trump has signed into law the Tax Cut and Jobs Act, commonly known as TCJA, as well as the Coronavirus Aid, Relief, and Economic Security Act, commonly known as CARES Act. The passage of these acts has provided the most significant and comprehensive overhaul of the US Tax Code since the Reagan Administration. Their effect is wide-reaching and impacts individuals, businesses, and trusts in both the US and international arenas.

Certain provisions, including lower business and individual tax rates, and the complex tax breaks for passthrough entities, are receiving most of the attention. One area that is not receiving much focus, although it provides substantial tax benefits, is the Impact of the TCJA and CARES Acts on Cost Recovery and Real Estate. The objective of this course it to help Real Estate Investors understand how the new law benefits real estate holdings. We will review in depth several of the less understood changes to the tax law that can increase cash flow and maximize ROI.

Knowledge Level: Basic

Learning Objectives:

#1: Update on the changes to 1031 Exchanges.

#2: 5-year Net Operating Loss Carry Back

#3: Qualified Opportunity Zones - New Tax deferral program with similarities to 1031 Exchanges. 

 Steve Mecham

Steve pursued his passion in life by applying his love of research and writing in successfully obtaining a degree in Legal Studies from Utah Valley University. In pursuing his degree, Steve successfully qualified for the Dean’s List in each semester. Steve also completed his Bachelor of Arts, emphasis in marketing, from the Marriott School of Management at Brigham Young University.

Steve is a business owner and understands the benefit of tax strategies, asset protection, and business structuring. Steve’s passion for education has led him to travel extensively educating business owners, real estate professionals, CPA’s, and wealth advisors in the proper methods of reducing taxes while minimizing their liabilities.

Steve has been married to his wife, Kerry, for 36 years. They are the parents of 8 children ranging in age from 34 to 19. Their youngest child was born with Down Syndrome which has created a unique culture for the children who are now all pursuing careers in the medical, legal, financial or educational fields with an emphasis on helping those with special needs.