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

Dec 8
12:30 - 4:00 p.m.

Wyndham Philadelphia-Bucks County
Feasterville-Trevose - Map

4-Tax
CPE Credits

Understand the essentials to deal with the complexities and interactions of pass-through loss limitations. Get an in-depth review of the four tiers of loss limitations, including analyzing how basis in an ownership interest in a pass-through entity is established, how activity of the entity, distributions, and optional adjustments increase or decrease basis, when basis is "at-risk" under section 465, and when and how aggregation of activities should be used to avoid the passive loss rules.
Highlights

Tier 1: Basis limitations for S corporation shareholders and partners
Tier 2: Section 465 at-risk limitations for S corporation shareholders and partners, including the impact of debt, indemnities, guarantees, and shareholder/partner agreements
Tier 3: Section 469 passive loss limitations and exceptions to the limitations
Tier 4: The new excess business loss limitation of the Tax Cuts and Jobs Act of 2017 (new Section 461(l))

Registration

PICPA Member: $145
Nonmember: $195

More Information

Course No. 765501

Level: Intermediate

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

Notes
This is a four-credit seminar.

Speaker(s)

Robert Gilwee

Gilwee & Green LLC

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