Education Programs
RAJC presents 2011 Lunch ’n Learn Legal Series The 2011 Lunch ‘n Learn Legal Series is presented by the Realtor® Attorney Joint Committee (a joint committee of the Sarasota Association of Realtors® and the Sarasota County Bar Association). Bring a brown bag lunch and munch while you learn. Mark your calendars now and plan to attend this series of seminars presented as a member benefit at no additional cost. Members, please register online at www.sarasotarealtors.com. Non-members will be charged $10, but will need to call Catherine McCaskill at 941-328-1167 for registration information.
The dates are listed below—all the seminars are from noon to 1:30 p.m. More details about the speakers will be made available as the seminar date nears. Wednesday, Feb. 16 - Short Sale Update Wednesday, March 16 - How to Hold Real Estate Wednesday, April 20 - Making Next Year’s Taxes Easier Wednesday, May 18 - How to Reduce the Chances of Getting Sued A social is also being planned for March 24—location TBA.
Learn QuickBooks II for Real Estate Pros Title: QuickBooks II for Real Estate Professionals Date: March 9, 9 a.m. to 1 p.m. Location: SAR Main Auditorium Instructor: Abby Barboza Cost: $20 (SAR Members); $40 (others) This course is Part 2 in a series designed specifically for real estate brokers and agents. As business owners, you need to be able to take control of your finances. Learning QuickBooks allows you to be in control of gathering and entering of your financial information. It allows you to use basic accounting principles to your advantage. Register today to become one of the smart real estate licensees who has total knowledge and understanding of basic elements of financial statements. Receive a FREE 30 days trial in addition to discounts on QuickBooks software when you attend the class. Module II covers the following: • Customizing QuickBooks • Excel & Word for QuickBooks • Setting up Multiple Users • End of year closing.
• Creating Statements for Property Management clients • Payroll • Preparing 1099s & W-2s • Depreciation • Cash vs. Accrual Accounting • Accounts Payable • Accounts Receivable • Sending all information to your tax preparer.
What are the tax implications of distressed sales?
Title: Tax Implications of Short Sales & Foreclosures Date: March 2, 2011, 9 a.m. to 1 p.m. Instructor: Ira H. Zlatkin, CPA, MST, ITI & GRI Tax Instructor Cost: SAR Members, $20; Others, $30 4 Hours CE (DBPR Course # 0012331) In these turbulent times, homeowners and investors alike are increasingly faced with short sales, foreclosures, and even abandonments. In these cases, property owners are surprisingly faced with the potential of cancellation of indebtedness income and even a gain or loss on the property’s disposition. Recent economic stimulus legislation allows a limited
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exclusion of income from the forgiveness of debt on a personal residence. Learn how the amount of taxable income reported by the bank due to debt forgiveness on a personal residence could be totally eliminated. Also, learn how sellers of investment property and real estate used in a trade or business may also avoid taxation of debt forgiveness income. Learn how to protect, for future use, the most valuable tax benefits which may have been accumulated by the seller, such as unused tax credits and suspended losses, from being taken away by Uncle Sam to offset the allowed reduction of debt forgiveness income. Register at www.sarasotarealtors.com.
Sarasota Realtor® Magazine
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