Wednesday, July 24 | 8:00 a.m. - 9:40 a.m. | Concurrent Session

Deciphering Related Party Transactions

2 CPE for AFSP, EA, CPA, CRTP

The IRS scrutinizes transactions between related parties. This session will discuss who are related parties, what transactions must be scrutinized when there are related parties involved and when there may be potentially adverse impacts. Additionally, we will address when the IRS expects disclosure of related party transactions such as like-kind exchanges, installment sales and other transactions.

Objectives
Upon completion of this session, you will be able to:

Define who is a related party
Outline pitfalls of related party transactions
Summarize disclosure requirements for specific transactions

CPE information
Duration: 100 minutes
Course level: Intermediate
Prerequisite: Basic understanding of federal income tax
Advanced preparation: None
Delivery method: Group Live

A.J. Reynolds, EA

President at ABC Bookkeeping & Tax Svcs Inc.