Section 1231 Exchange: Principles, Tax Implications, and Practical Strategies:
Course Description:
This in-person, two-hour Continuing Professional Education (CPE) course is designed to provide participants with a comprehensive understanding of Section 1231 exchanges under the Internal Revenue Code. The course will delve into the principles underlying Section 1231, its purpose within the context of federal taxation, and the significant tax
implications for individuals and businesses engaging in the exchange, sale, or involuntary conversion of certain types of property. Through a blend of authoritative instruction, illustrative examples, and practical scenarios, attendees will acquire the knowledge required to distinguish Section 1231 property from other property types, compute gains and losses, and apply key rules to real-world transactions.
Aimed at CPAs, tax professionals, accountants, and financial advisors, the course will clarify the nuances that distinguish Section 1231 gains and losses from capital and ordinary gains and losses, and explain how these differences affect tax treatment and planning. The course will also address the relationship between Section 1231 and related provisions, such as Section 1245 and Section 1250, and explore common pitfalls and compliance issues. The session will include interactive discussion and Q&A to foster engagement and facilitate deeper understanding.
Learning Objectives:
By the end of this course, participants will be able to:
- Identify and classify Section 1231 property accurately.
- Apply the rules for Section 1231 exchanges and compute net gains or losses.
- Interpret the five-year look-back rule for recapture of prior losses.
- Integrate Section 1231 treatment into broader tax planning and compliance
strategies. - Recognize and avoid common compliance errors in Section 1231 transactions.
Who Should Attend?
This course is tailored for:
- Certified Public Accountants (CPAs)
- Tax Advisors and Consultants
- Financial Planners
- Controllers and CFOs
- Accounting and Tax Staff
- Anyone involved in business property transactions or interested in learning advanced federal taxation concepts
Prerequisites:
Basic understanding of federal taxation and property transactions.
Advanced Preparation:
None required. Participants are encouraged to review IRS Publication 544 for context.
Program Level:
Intermediate
Course Materials Provided:
- Slide presentation covering all topics
- Handout: Sample WACC calculations and formulas
- Reference sheet: Common data sources for capital costs
- List of further readings and online resources
CPE Credit Information:
- Duration: 2 hours (in-person, live session)
- Instructional Method: Live presentation with interactive components
- Field of Study: Taxation
Contact and Registration:
For more information or to register for this course, please contact us at
[email protected] or call us at 609-201-8056
Refunds and Cancellations:
Requests for refunds must be received in writing by 10 days prior to course date and
will be subject to a cancellation fee. No refunds will be granted 3 days prior to course
date. For more information regarding refund, complaints, and/or program cancellation
policies please contact our offices at 609-201-8056.
The Davv Group is currently seeking registration with the National Association of State Boards of
Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE
Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for
CPE credit. Complaints regarding sponsors may be submitted to the National Registry of CPE Sponsors
through its website: www.nasbaregistry.org or the New Jersey State Board of Accountancy:
www.njconsumeraffairs.gov/acc.