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Surgent's Capital Assets: Basis and Taxation for Financial Professionals

 Various
 
2.0
Registration is Open
Member Price
$119.00 Regular Registration
Your Price
$125.00 Regular Registration
This course is being offered on multiple dates, listed below. Click the Register button next to your preferred date to register.
 Mon, 08/25/2025 from 1:00 pm to 3:00 pm
 Tue, 09/30/2025 from 2:00 pm to 4:00 pm
 Thu, 10/23/2025 from 10:00 am to 12:00 pm
 Fri, 11/14/2025 from 1:00 pm to 3:00 pm
 Thu, 12/11/2025 from 2:00 pm to 4:00 pm
 Fri, 12/19/2025 from 10:00 am to 12:00 pm
 Wed, 01/07/2026 from 1:00 pm to 3:00 pm
 Fri, 02/06/2026 from 1:00 pm to 3:00 pm
 Wed, 03/11/2026 from 2:00 pm to 4:00 pm
 Fri, 04/03/2026 from 10:00 am to 12:00 pm
Designed For:

Accounting and finance professionals who advise clients on income strategies, tax implications, and financial planning considerations related to capital assets

Prerequisite:

None

This course provides a comprehensive understanding of capital assets taxation, basis determination, and related tax planning strategies. Participants will explore the fundamental classification of capital assets, the distinction between realization and recognition of gains and losses, and the complex rules governing disallowed losses. The course thoroughly examines the various types of capital gains and losses, including short-term, long-term, and special categories such as unrecaptured Section 1250 gains and collectibles. Attendees will learn the intricacies of netting capital gains and losses, calculating tax liabilities across different income types, and distinguishing between marginal and effective tax rates. The course also covers advanced topics including basis adjustments, wash sale rules, related-party transactions, and inherited property treatment. By the end of the course, participants will be equipped with the knowledge and tools to guide clients in implementing effective capital asset strategies that minimize tax liabilities while ensuring regulatory compliance.

Delivery Method: Individual webcast
CPE Credit: Taxes
Program Level: Basic

This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by Surgent McCoy.

Objectives

  • Define capital assets and distinguish them from ordinary income assets and Section 1231 assets
  • Explain the concepts of realization and recognition, including key provisions for deferral or exclusion of capital gains
  • Identify scenarios where capital losses may be disallowed or limited, including personal use assets, wash sales, and related-party transactions
  • Differentiate between short-term and long-term capital gains/losses and their respective tax treatments
  • Apply the proper methodology for netting capital gains and losses, including the $3,000 ordinary annual income offset limitation
  • Calculate tax liabilities incorporating both ordinary income and capital gains components
  • Distinguish between marginal and effective tax rates and their implications for tax planning
  • Develop tax-efficient strategies for managing capital assets that align with client goals and regulatory compliance requirements

Speakers

Advanced Preparation

None

Vendor

The Virginia Society of CPAs (VSCPA) is registered 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 registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org.

For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.