Four Tiers of Loss Limitations: A Guide to the New Rules for Pass-through Entities Webinar

May 21
1:00 - 4:30 p.m.

Online

4-Tax
CPE Credits

Owners of S corporations and partnerships are subject to numerous limitations on pass-through losses, each with unique rules, applications, and complexities. With the increase in popularity of pass-through business entities, it is essential for CPAs to understand the complexities and interactions of these pass-through loss limitations.
Highlights

Analyze how basis in an ownership interest in a pass-through entity is established
Discuss how activity of the entity, distributions, and optional adjustments increase or decrease basis
Discuss when basis is "at-risk" under section 465, and the resulting loss disallowance and carryforward related to basis that is not at-risk
Define passive activities under section 469 and exceptions to the passive loss rules
Discuss when and how aggregation of activities should be used to avoid the passive loss rules
Analyze new section 461(l) created by the Tax Cuts and Jobs Act of 2017 and understand the limitation calculation and resulting carryforward
Analyze the hierarchy of the loss limitations with examples of the application of the four tiers of losses and how they interact

Registration

PICPA Member: $139
Nonmember: $189

More Information

Course No. FTL4-2019-01-WEBNR-141-01 Level: Intermediate

Prerequisites: Basic familiarity with loss allowance rules of pass-through entities

Notes
This webinar is hosted by PICPA's partner, Surgent CPE. After registering, you will receive an email from Surgent CPE with the log-in information.