2025-07-25 08:30:00
9.5 hours
2025-07-25 08:30:00
9.5 hours
Course Overview
2025-07-25 08:30:00
9.5h CLE Credits
Intermediate
9.5
8:25 am - 9:30 am ESTThis session provides a comprehensive review of the basic requirements for completing a valid like-kind exchange under Section 1031. Speakers cover the definitions of ‘real property’ and ‘like-kind,’ along with essential basis calculations and the 200% property identification rule.
William V. Horan
Glenn M. Johnson
Annet M. Thomas
Aaron S. Gaynor
Matthew E. Rappaport
David Shechtman
Christopher A. Cunningham
Mary B. Foster
Kimberly A. Arndt
Libin Zhang 9:30 am - 10:30 am ESTThis session addresses critical ethics issues facing practitioners who advise clients on like-kind exchanges. Topics include professional standards for tax advice, managing conflicts of interest, and proper preparation of exchange documentation.
William V. HoranGlenn M. JohnsonAnnet M. ThomasAaron S. GaynorMatthew E. RappaportDavid ShechtmanChristopher A. CunninghamMary B. FosterKimberly A. ArndtLibin Zhang 10:45 am - 11:45 am ESTExplore the complexities of exchanging into and out of credit net lease property, Delaware statutory trusts, and tenancy-in-common arrangements. The session covers Revenue Procedure 2002-22 factors and structuring considerations for these popular replacement property vehicles.
William V. HoranGlenn M. JohnsonAnnet M. ThomasAaron S. GaynorMatthew E. RappaportDavid ShechtmanChristopher A. CunninghamMary B. FosterKimberly A. ArndtLibin Zhang 1:15 pm - 2:15 pm ESTThis session examines acquisitions and dispositions of partnership interests and other partnership transactions involving like-kind exchanges. Speakers analyze the challenges when partners have disparate exit objectives and potential structuring solutions.
William V. HoranGlenn M. JohnsonAnnet M. ThomasAaron S. GaynorMatthew E. RappaportDavid ShechtmanChristopher A. CunninghamMary B. FosterKimberly A. ArndtLibin Zhang 2:30 pm - 3:30 pm ESTLearn about parking relinquished or replacement property within or outside the safe harbor of Revenue Procedure 2000-37. The session covers Exchange Accommodation Titleholder arrangements, build-to-suit exchanges, and depreciation considerations during parking periods.
William V. HoranGlenn M. JohnsonAnnet M. ThomasAaron S. GaynorMatthew E. RappaportDavid ShechtmanChristopher A. CunninghamMary B. FosterKimberly A. ArndtLibin Zhang 3:30 pm - 4:30 pm ESTThis session addresses critical issues facing Qualified Intermediaries, including complying with G6 restrictions on exchange funds and withholding requirements. Topics also include QI notes, dual signature requirements, and proper investment of exchange funds.
William V. HoranGlenn M. JohnsonAnnet M. ThomasAaron S. GaynorMatthew E. RappaportDavid ShechtmanChristopher A. CunninghamMary B. FosterKimberly A. ArndtLibin Zhang 8:30 am - 9:30 am ESTDive into sophisticated exchange topics including the impact of cost segregation studies, depreciation recapture under Sections 1245, 1250, and 1254, and installment sale interactions. The panel also covers part-sale/part-exchange transactions, underwater property exchanges, and Section 199A deduction considerations.
William V. HoranGlenn M. JohnsonAnnet M. ThomasAaron S. GaynorMatthew E. RappaportDavid ShechtmanChristopher A. CunninghamMary B. FosterKimberly A. ArndtLibin Zhang 9:30 am - 10:30 am ESTThis session compares strategies for accommodating partners with different objectives, including traditional drop and swap structures, partnership divisions under Section 708(b), and synthetic DST conversions. Speakers address Court Holding Company doctrine concerns, the Hadar Shomron decision, and best practices for protecting all parties.
William V. HoranGlenn M. JohnsonAnnet M. ThomasAaron S. GaynorMatthew E. RappaportDavid ShechtmanChristopher A. CunninghamMary B. FosterKimberly A. ArndtLibin Zhang 10:45 am - 11:45 am ESTGet the latest on legislative developments affecting Section 1031 exchanges, including the OB³ Act’s impact on bonus depreciation and qualified production property. The session covers the new current policy baseline scoring approach, opportunity zone permanence, and potential future legislative changes.
William V. HoranGlenn M. JohnsonAnnet M. ThomasAaron S. GaynorMatthew E. RappaportDavid ShechtmanChristopher A. CunninghamMary B. FosterKimberly A. ArndtLibin Zhang 11:45 am - 12:15 pm ESTJoin all panelists for an interactive question and answer session addressing audience questions on like-kind exchanges. This open forum provides an opportunity to clarify complex issues and explore practical applications of concepts covered throughout the program.
William V. HoranGlenn M. JohnsonAnnet M. ThomasAaron S. GaynorMatthew E. RappaportDavid ShechtmanChristopher A. CunninghamMary B. FosterKimberly A. ArndtLibin ZhangGlenn M. Johnson is a Principal in Ernst & Young LLP’s U.S. National Tax Department in Washington, DC, where he leads the U.S. PPP Infrastructure Tax Practice and serves as Director of Leasing Tax Services. He focuses on leasing, asset-based structured transactions, infrastructure finance, deferred like-kind exchanges, and captive leasing company structures, advising both developers and investors on a wide range of tax issues. He joined Ernst & Young in 1998 and has spent his entire career in the EY National Tax Department, becoming one of the firm’s leading authorities on leasing and infrastructure taxation. He is the former ABA Tax Section Chair of the Capital Recovery and Leasing subcommittee, a member of EY’s Federal Income Tax Committee, and leads EY’s Infrastructure Tax Committee. He has been a longtime member of the Equipment Leasing and Finance Association Federal Tax Committee for more than 13 years. He earned his LL.M. in Taxation from Georgetown University Law School, his J.D., with honors, from Boston University School of Law, and his B.A. in Economics from Wesleyan University.
Matthew E. Rappaport, Esq., LL.M., is a Partner at Falcon Rappaport & Berkman LLP and serves as Chair of the firm’s Taxation and Private Client Groups. His practice focuses on taxation matters related to real estate, closely held businesses, private equity funds, family offices, and trusts and estates. He advises clients on tax planning, structuring, and compliance across a wide spectrum of transactions, including commercial real estate projects, business life cycle planning, generational wealth transfer, family business succession, and executive compensation. Known for his work on complex, tax-sensitive transactions, he regularly handles matters involving Section 1031 exchanges, Qualified Opportunity Zones, freeze partnerships, private equity mergers and acquisitions, and Qualified Small Business Stock. He also collaborates closely with attorneys, accountants, financial advisors, bankers, and insurance professionals, and serves as a trusted advisor to real estate funds, multinational executives, venture capitalists, startup businesses, and ultra-high net worth individuals.
Glenn M. Johnson is a Principal in Ernst & Young LLP’s U.S. National Tax Department in Washington, DC, where he leads the U.S. PPP Infrastructure Tax Practice and serves as Director of Leasing Tax Services. He focuses on leasing, asset-based structured transactions, infrastructure finance, deferred like-kind exchanges, and captive leasing company structures, advising both developers and investors on a wide range of tax issues. He joined Ernst & Young in 1998 and has spent his entire career in the EY National Tax Department, becoming one of the firm’s leading authorities on leasing and infrastructure taxation. He is the former ABA Tax Section Chair of the Capital Recovery and Leasing subcommittee, a member of EY’s Federal Income Tax Committee, and leads EY’s Infrastructure Tax Committee. He has been a longtime member of the Equipment Leasing and Finance Association Federal Tax Committee for more than 13 years. He earned his LL.M. in Taxation from Georgetown University Law School, his J.D., with honors, from Boston University School of Law, and his B.A. in Economics from Wesleyan University.
Matthew E. Rappaport, Esq., LL.M., is a Partner at Falcon Rappaport & Berkman LLP and serves as Chair of the firm’s Taxation and Private Client Groups. His practice focuses on taxation matters related to real estate, closely held businesses, private equity funds, family offices, and trusts and estates. He advises clients on tax planning, structuring, and compliance across a wide spectrum of transactions, including commercial real estate projects, business life cycle planning, generational wealth transfer, family business succession, and executive compensation. Known for his work on complex, tax-sensitive transactions, he regularly handles matters involving Section 1031 exchanges, Qualified Opportunity Zones, freeze partnerships, private equity mergers and acquisitions, and Qualified Small Business Stock. He also collaborates closely with attorneys, accountants, financial advisors, bankers, and insurance professionals, and serves as a trusted advisor to real estate funds, multinational executives, venture capitalists, startup businesses, and ultra-high net worth individuals.
Requirements
The Alabama State Bar MCLE Commission requires attorneys to complete 12 credits, including 1 ethics, by December 31 of each year. All credits must be reported by February 15 of the following year. A maximum of 12 credits, including 1 ethics credit, may be carried over for 1 year only.
Formats
