Related Party Issues & Transactions

This webinar is part of Tax Practice Pro's "Taxation of Real Estate Series"

We have several exciting webinars offering more than 20 IRS CE/20 NASBA CPE credits throughout the month. Use the link below to see our full line-up and new special punch pass pricing.

Related party rules are factors that often affect characteristics of income and deductions like the timing or character and may even prevent losses and deductions completely. This class will provide a basic overview of the assortment of Internal Revenue Code provisions that make up related parties and rules applicable to these issues. Over the years Congress has instituted various measures to safeguard from related party manipulations.

The effect of ascertaining certain taxpayers as “related” may cause a transaction to achieve federal income tax consequences substantially different than a transaction accomplished by parties that are not related. Because the core definition of “related parties,” as found in IRC §267, is frequently cross-referenced by other sections throughout the Internal Revenue Code, an analysis of this definition is paramount in determining the impact of other sections, as well.

Learning Objectives

- Analyze IRC § 267
- Constructive Ownership of Stock under § 318
- Related Party Loans
- § 707 and related partnership issues
- § 1239 gain from depreciable property
- Matching Expense Deductions
- Sale or Property at a Loss
- § 179 Issues
- Examine Installment sale rules with related parties
- § 280A rental issues

1 IRS CE/1 NASBA CPE*

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*Self-Study recording not available for NASBA CPE credit.