Back to Search

Passive Activity Losses (PAL): Comprehensive Webinar

CPE

When
Nov. 7
9:30 a.m. - 5:00 p.m.

CPE Credits
8-Tax

Details

 Pricing

PICPA Member: $245 | Nonmember: $345


 More Information

Course No.
4193582D
Level
Intermediate
Prerequisites
General knowledge of individual/business income taxation and how they relate to passive activity laws.

Description

  • Identify activities subject to the PAL rules and the exceptions to them, including those for certain real estate professionals.
  • Define a passive activity, rental and trade or business under IRC Sec. 469.
  • Outline seven ways to materially participate in an activity and six exceptions to the definition of a rental activity.
  • Calculate the passive activity income and losses allowed and the tax ramifications of passive activity dispositions.
  • Recognize what passive activity investments are potentially subject to the 3.8% net investment income tax under IRC Sec. 1411.

Highlights

Passive activity loss (PAL) rules have never been more important in federal tax reporting. This course provides a comprehensive and complete review of the laws and regulations impacting PALs including the rules governing rental real estate, grouping and the 3.8% net investment income tax. The IRS is actively auditing the failure to properly report passive losses, you and your clients can’t afford to be left behind.



Speaker(s)


You May Also Like

Self-Rental Real Estate: Passive Activity and Section 199A Webinar
June 8 | Webinar
This program presents a detailed analysis of the self-rental passive activity rules, including forms reporting examples and integrates them with the flow-through entity rules related to self-rental. This course ...
Real Estate Tax Update Webinar
June 10 | Webinar
This program addresses how recent tax changes and new legislation will impact real estate owners and investors, including Section 199A, the new Section 163(j) interest expense limits and the opportunity ...
Real Estate Taxation: Critical Considerations Webinar
June 11 | Webinar
In this course, we will address critical considerations that a mid-level practitioner needs to understand when moving into the complex area of advising clients and preparing returns related to the ...