2017 Fall Tax School Webinar: Installment Sales - University of Illinois Tax School
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Scroll down for webinar details! 2017 Fall Tax School Webinar: Installment Sales

Note: The content covered in this live webinar is the same content that is taught at Fall Tax School.

Tax professionals need to be aware of potential pitfalls associated with installment sales. Being aware of the rules and regulations can enable tax practitioners to adequately advise clients on strategies that will allow them to benefit from installment sales and avoid costly problems. If you have clients who may benefit from installment sales, this webinar will help you prepare them to successfully engage in this type of arrangement.

Note: New for 2017, you will access all webinars and digital downloads by logging into your Tax School account on this website.

Fall Tax School webinars feature audio instruction, plus a powerpoint presentation. Each course includes a set of materials that accompany the course presentation.

Dates:

  • Tuesday, December 12, 2017 from 10:00AM to 11:00AM Central Time
  • Thursday, January 18, 2018 from 1:00PM to 2:00PM Central Time

Registration Fee: $25.00

CPE Credits: Up to 1.0 based on attendance and completion of engagement activities.

CPE Filings Available: Illinois MCLE, CFP, IRS

Debbie Held Debbie Held has been an instructor with the Tax School since 2000. She has also served as a chapter author and reviewer for the University of Illinois Federal Tax Workbook. She is a graduate of Sangamon State University (University of Illinois at Springfield). She has been employed by the IRS since 1979, spending time as a revenue agent, appeals officer and most recently as a project manager for the SBSE Communications, Liaison, and Disclosure Division. She previously taught various accounting courses at Lincoln Land Community College for 18 years. She is a certified public accountant (CPA) and resides in Raymond, Illinois where her family farms.

We offer our webinars using the Webinato platform, which uses your web browser to deliver the content. The only thing that might need to be updated is the version of Flash you are running.

Please test your computer system using the instructions below before the webinar. If you fail to test your system in advance and experience problems, you may not be able to participate in the webinar. We cannot provide refunds because you experience technical problems the day of the webinar. When testing, use the computer you plan to use for participating in the webinar.

NOTE: We recommend using a desktop or laptop computer to attend the webinar rather than a tablet or mobile phone.

  • Make sure that the computer that you will use for the webinar is connected to the Internet with a broadband connection.
  • Make sure that you have functioning speakers or headset to take full advantage of the audio capabilities during the session (all instruction is provided vocally). If you don't want to use your computer speakers or headset, there is phone audio available. The dial-in number, Conference ID, and User ID for phone audio will be given to you once you enter the webinar session.

Testing Instructions

This test should take less than 5 minutes to complete.

On the computer you will be using for the webinar, go to the following web page:

www.webinato.com/conftest/

When the page loads, it will walk you through various tests. You will not need a webcam or microphone for the webinar.

If you encounter any problems testing your system, you can check the following resources:

Many of the pages above have a button that allows you to chat with Webinato support. Please contact Webinato through chat with all technical problems.

If your technical problems cannot be resolved, please call the Tax School office at 217-333-0502 for options regarding webinar attendance.

Note: New for 2017, you will access all webinars and digital downloads by logging into your Tax School account on this website.

Note: The content covered in this live webinar is the same content that is taught at Fall Tax School.

  1. Define installment sale and the general rules governing these types of transactions
  2. Calculate installment sale income (reviewing several client examples)
  3. Electing out of installment method
  4. Receiving installment sale payments and how to treat the them
  5. Depreciation recapture and unrecaptured §1250 gain

    1. Sale of §1245 property and depreciation recapture
    2. Sale of §1250 property and depreciation recapture
  6. Disposition of an installment obligation
  7. Repossession of property sold under an installment sale
  8. Self-canceling installment note

Learning Objectives: By attending this webinar, you will be able to:

  1. Describe when a client should or should not enter into an installment agreement
  2. Identify tax rules and consequences for various client scenarios involving the use of installment sales

CPE Credits: Up to 1.0, based on attendance and completion of engagement activities.

Delivery Method: Internet-Based Group

Program Level: Overview

Field of Study: Taxes

Prerequisite(s): Professional experience in preparing tax returns and an understanding of basic tax rules and regulations.

Materials: Will be available in your Tax School account one week prior to the webinar.

Note: New for 2017, you will access all webinars and digital downloads by logging into your Tax School account on this website.

Last updated 9/14/2017 7:04:22 AM

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