Passive Activity Losses (PAL): Comprehensive Webinar
Nov. 7
9:30 a.m. - 5:00 p.m.
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
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
...
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
...
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
...