In this practical course, nationally recognized tax practitioner, instructor and commentator, James Hamill, CPA, Ph.D., addresses the structure of "parking" arrangements as well as the interaction of the installment sale rules and the sale of residence rules with like-kind exchanges. Dr. Hamill also addresses how to structure a partnership-level exchange where one or more partners wants to cash out their investment. Dr. Hamill makes sure you can advise clients with confidence on the tax consequences and potential pitfalls when a complicated like-kind exchange is being considered. Upon completion of this course you will be able to: Determine how to structure an exchange with replacement property acquired first; Identify when and how a client can build improvements on intended replacement property; Analyze alternative exchange structures involving a non-exchanging partner; Determine when a taxpayer can receive funds from a qualified escrow and timing of gain recognition.