Course Title
Course Description
There are numerous tax issues involved on the sale of business or rental real estate. This sale is usually reported on Form 4797 and subject to various recaptures. In this session we will examine how different scenarios need to be reported on the return.
Learning Objectives
- Correctly report the sale of business and rental real estate.
- Identify when the gain is ordinary income under Section 1245 or 1250.
- Compute both Section 1250 recapture and unrecapture.
- Understand how and why to make a partial disposition election.
Presenters
Alice Orzechowski, EA, CPA
Alice Orzechowski, CPA, CMA, EA, is a national speaker on tax topics. Currently, she is teaching Federal Tax Updates both Individual and Business for Western CPE. She is also the author of numerous articles and textbooks for tax professionals including "101 Tips for Maximizing College Financial Aid" and "Success Strategies for Understanding and Avoiding AMT". Her CPA practice in Frederick, MD specializes in taxes for individuals, small businesses, and estates and trusts.
Alice Orzechowski, CPA, CMA, EA, is a national speaker on tax topics. Currently, she is teaching Federal Tax Updates both Individual and Business for Western CPE. She is also the author of numerous articles and textbooks for tax professionals including "101 Tips for Maximizing College Financial Aid" and "Success Strategies for Understanding and Avoiding AMT". Her CPA practice in Frederick, MD specializes in taxes for individuals, small businesses, and estates and trusts.
Continuing Education
This course qualifies for IRS and CTEC Continuing Education Hours. NAEA reports IRS/CTEC CE on a monthly basis. If you have not received your CE Hours in your IRS PTIN Account by the end of the month after receiving the certificate, please contact NAEA at
education@naea.org. IRS Requirements for live webinars require at least 50 minutes per hour of attendance and answering 3 out of the 4 polling questions. For on-demand, you must watch the full video, answer the knowledge check, and pass the assessment with a score of 70% or above. No partial CE is offered.
Webinar Refund Policy
To request a refund, contact the NAEA education team via email at
education@naea.org. An NAEA education team member will review the request for a refund. If the refund request has been approved, the refund will be refunded on the same method of purchase. Live Webinars, also offered On-Demand will not be refunded.