PROFESSIONAL DEVELOPMENT & TRAINING SERVICES

Advanced Lease Taxation

Participants in this course examine the interaction between book and tax accounting. The course focuses on how the tax side of the transaction relates to the economic and financial reporting aspects. All facets of taxation are highlighted through practical applications and case studies.

Course Outline

Cost Recovery
	Standard MACRS
	Foreign use property
	Pickle leases
	AMT restrictions
Maximizing Deferral Value
	Value of depreciation
	Structuring impact
	Step and skip structures
	Creating deferral value
	Exercises
	Uneven rents and Section 467
Overview of Lessor Accounting
	Direct financing leases
	Operating leases
	Leveraged leases
How Deferred Taxes Work
	Tax balance sheets
	Temporary differences
	Other provisions of Statement 109
	Case study
Tax Products and Issues
	Municipal leases
	Like-kind exchanges
	Synthetic leases
	Deferred intercompany transactions

Benefits

• You will learn to create value for lessees and lessors as payment streams are devised to meet lessee cash flow patterns, which will increase lessor after-tax yield requirements while maintaining, and adding to, your customer base.
• You will gain an understanding of the interrelationships of book and tax accounting, which increases your ability to borrow low-cost funds and delay tax payments.
• You will understand the meaning of tax depreciation (MACRS) and other methods of delaying payment of income taxes, as shown through examples.
• You will receive current income tax information regarding uneven rents and Section 467.
• You will review FASB Statement 109, increasing your knowledge and the relevancy of information you provide to your client base.

NOTE:

The Alta Group Professional Development Division is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional educaton 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.

If, for any reason, you are dissatisfied with any of our seminars, you may repeat that seminar tuition-free.

In the event that, for whatever reason, The Alta Group Professional Development Division does not conduct any seminar, registrants agree that their sole and exclusive remedy shall be limited to either the refund of any prepaid registration fees or the applciation of such fees to any future Alta seminar. In no event shall The Alta Group Professional Development Division be liable for any damages (including, but not limited to, airfare), special, consequential, incidental, or otherwise.

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